Fix & Flip Loan

Our flagship loan program, No-Credit Fix & Flip, provides a solution for many fix and flippers. Whether the investors credit score is not the best, or they are saving their credit score for rentals, this loan program offers many solutions for the active real estate investor. Below are some highlights of our Fix & Flip loan program:

• Loan Purpose

  We offer both purchase and refinance loans for this loan program.

• Asset Types

  We only offer loans secured to SFR (1-4 Units), Condos and Townhouses. Commercial assets will not be consider, unless they are owned free and clear and the investor is willing to cross collateralized them to reduce the capital they are bringing to the table.

• Approved States

  This loan is valid in the following states: (*Rural Properties are OK!)
  - Florida
  - Georgia
  - Alabama
  - Louisiana
  - Mississippi
  - Texas
  - Arkansas
  - Tennessee
  - Kentucky
  - North Carolina
  - South Carolina

• Borrower Types

  We only lend to entities. So the borrower must be an LLC or Corporation, owned by the real estate investor. Multi-member entities are approved, and we do not require a credit or background check for any members or entity owners.

• Borrower Experience

  No prior experience is required. Experience will affect the LTV of the loan and the Max Loan-to-After-Repair Value

• Loan Amounts

  We offer loan amounts for this program as low as $50,000 and up to $2,500,000. We require 15- 35% down, depending on the investor's proven experience; all loans above $1M will incur an LTV Max ceiling that will incrementally decrease based on the amount.

• Loan Terms

  We offer the following loan terms for this loan program: 3-month | 6-month | 13-month.  These are the only terms we offer.  3-month and 6-month extensions are available, depending on the investor’s performance during the original term.

• Loan Rates

  Our rates are determined by the loan term.  Our 6-month term = 11.50% APR  | 9-month term = 12.25% APR  |  13-month term = 13.00% APR. This is an interest-only loan with monthly payments deducted from the investor’s bank account via ACH Debit.

• Loan LTV's

  We consider two primary metrics in this loan: Purchase Loan to Value “PLTV”  (if purchasing) ~or~ As-Is Loan to Value “LTV” (if refinancing) and Loan to After Repair Value “LTARV”.  Our Max PLTV/ LTV is 85% (with verified investor experience), and our Max LTARV is 70% (with verified investor experience).

To find out more about our Fix and Flip loan program, download our guidelines sheet below. We look forward to funding your next project soon!