Our rehab fix and flip loan program could not be any easier, great technology and excellent service have found there way into the investor short term lending niche.
All you have to do is call us and we will ask you a few questions about your deal. In just five minutes you’ll have a quote like the one you see below. There is no social security number or credit check required to get a quote.
We just need to know a little about the property, your experience level, the ARV (after-repaired-value), AS-IS market value, and the estimated repair costs.
Once you decide to move forward with your quote we can close in about 10 days on your first deal and five days on future fix and flip purchases.
The lower the LTV (loan-to-vaule) the lower your rate will be. We have a 6 to 12 month basic rehab and a 12 month major rehab programs available.
Available in CO, GA, TN, TX, WA, WV, VA, FL, IL, OH, MO, SC.
Hard & Soft Money Rates – Sample Quote Pricing
| Loan Amount: | $114,200 |
| Initial Draw: | $94,200 |
| Holdback Amount: | $20,000 |
| Loan Term: | 1 Year |
| Interest Rate: | 10.75% * |
| Loan Type: | Fixed |
| Amortization: | Interest Only |
| Monthly Payment: | $1,023.04 |
| Origination Fee: | $4,684 (3.75%) |
| Pre-Payment Penalty: | None |
| Target Closing Date: | 09/30/2015 |
| Purpose: | New Purchase |
| Lien: | 1st Position |
| Property Type: | Single-Family Home |
| Home Occupancy: | Non-Owner Occupied |
| Purchase Price: | $105,000 |
| Market Value: | $145,000 |
| Estimated ARV: | $175,000 |
| Loan-to-Value: | 65% |
| Initial LTV: | 65.0% |
| Repaired LTV: | 65.3% |
| Loan Amount: | $70,000 |
| Funds needed Buyer | $10,000 + costs |
| Initial Draw: | $60,000 |
| Holdback Amount: | $10,000 |
| Loan Term: | 1 Year |
| Interest Rate: | 9.5% * |
| Financing APR: | 20.03% * |
| Loan Type: | Fixed |
| Amortization: | Interest Only |
| Monthly Payment: | $554.17 |
| Origination Fee: | $3,750 (5.36%) |
| Pre-Payment Penalty: | None |
| Target Closing Date: | 08/28/2015 |
| Purpose: | New Purchase |
| Lien: | 1st Position |
| Property Type: | Single-Family Home |
| Home Occupancy: | Non-Owner Occupied |
| Purchase Price: | $75,000 |
| Market Value: | $200,000 |
| Estimated ARV: | $227,000 |
| Loan-to-Value: | 31% |
| Initial LTV: | 30.0% |
| Repaired LTV: | 30.8% |