Fix and Flip &
Ground Up Program
PROPERTY TYPES: | Residential (1-4 Units) |
LOAN AMOUNT | $50,000 - $5,000,000 |
MAXIMUM LOAN TO COST | ■ 90% of Purchase and ■ 100% of Rehab Costs |
MAXIMUM LOAN TO ARV | 70% |
TERM LENGTH | 12 months, up to 18 at lender discretion |
RECOURSE | Full Recourse |
PROPERTY TYPES: | Residential (1-4 Units) |
LOAN AMOUNT | $50,000 - $5,000,000 |
MAXIMUM LOAN TO COST | ■Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction ■ Max 80% of total project costs ■ LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing |
MAXIMUM LOAN TO ARV | 70% |
TERM LENGTH | 12 months, up to 18 at lender discretion |
RECOURSE | Full Recourse |
