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Fix-&-Flip
Bridge Loan

features

  • 2-Minute Application

  • Use of Funds: Fix-&-Flip, Fix-&-Hold, REFI-&-REHAB

  • Financing up to 90% of Purchase & 100% of Repairs

  • 100% Financing available if costs stay below 70%-ARV

  • 10 to 15-day Closing

  • Minimum Loan: $75k

teRMS

  • Rates from 8.5% 

  • Up to 12 months

Buy-Fix-HOLD  ► if you decide to Hold & Rent instead:​

  • Upon Rehab completion loan is shrank to its MINI-ME starting at 6.2%. For properties over $3MM, lower rates possible using our Institutional Capital sourced from mostly Pension Funds & Insurance Companies 

  • Up to 30-year Amortization

  • Pre-Payment Penalty applies for the first 3 years

REPAYMENT

  • Interest-Only Loan

  • Monthly Payments

  • No Pre-Payment penalty

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eligibility

  • Borrowers: Corporations, General Partnerships, Limited Partnerships, Limited Liability Companies (LLC’s), Revocable Trusts, Land Trust

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  • Property: Single-Family Residences, 2 to 4 Unit Residential buildings​

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  • Occupancy: Non-Owner-Occupied properties only

 guidelines

  • Credit 620+, Low-Doc, No Income Verification

  • Experience is preferable (for best terms), but not needed

  • Origination: 1.5%-2% | Brokerage: 1.5%-2%​

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 ► For 100%-Financing:

  • Credit 680+, but 620+ will be considered

  • Must show reserves of $40k in liquid cash

  • All cost must stay within 70%-ARV

  • Origination: 2.5%-4% | Brokerage: 1.5%-2%​

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* Final rate is calculated based on FICO, Experience, & Loan-to-Value:

* More Experience, Higher FICO, Lower LTV = Lower Rates

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