Fix and Flip

Term

12 months standard

18 month option case-by-case

Rehab/Construction Financing

Up to 100% of rehab budget

Maximum LTC (% of purchase price)

Up to 90% LTC

Maximum Loan-To-Value (LTV)

Up to 75% ARLTV

When Do We Use LTV vs. LTC?

Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget)

Recourse

Full Recourse Only

Loan Amount

$50K - $3MM

Loan Purpose

Rehab loan for non-owner occupied residential investment property

Borrower Type

Entity required

Property Types

Non-owner occupied:

Attached or detached SFR

2-4 unit properties

Townhomes

Warrantable condos

Foreign Nationals

Not allowed from ineligible country list

Minimum Experience

NO prior experience required