Fix & Flip Loan Details 

When executing a fix and flip strategy, it is crucial to accurately determine the property’s After Repair Value (ARV). Ensuring profitability requires careful evaluation of the purchase price, estimated renovation costs, carrying expenses, and projected resale value.

Investors should also be mindful of market fluctuations, as property values in certain areas may be affected by recent real estate market corrections. Additionally, understanding local market conditions is essential to ensure the property can be sold within a reasonable timeframe, maximizing returns and minimizing holding costs.

We offer competitive Fix & Flip loan solutions designed to support real estate investors with flexible and high-leverage financing:

• Loan-to-Cost (LTC): Up to 90% financing (based on experience & FICO)
• Rehab Costs: 100% included within the loan
• Interest Structure: Pro-rated interest
• Interest Rates: Ranging from 8% to 11.50%
• Loan Terms: Flexible 6 to 24 months
• Prepayment: No prepayment penalties for added flexibility
• Appraisal Options: Desktop, mobile, or site visit appraisal available

Our streamlined process ensures fast funding so you can focus on maximizing your investment returns efficiently.

To secure a Fix & Flip loan, we require the following:

1. Business Entity Verification: The investor must have an active LLC or corporation.
2. Financial Review: Provide two months of bank statements to verify the ability to cover the down payment and at least three months of loan payments.
3. Property Evaluation: One of our executives will assess the After Repair Value (ARV), estimated renovation costs, and purchase price to ensure a profitable investment.

Our goal is to provide you with the financing and support needed to successfully execute your fix and flip projects. Let us help you maximize your real estate investment potential!

Fix & Flip Loan Process: Step-by-Step

1. Preliminary Term Sheet: Once we provide and confirm an estimated term sheet, our executive will send an email outlining the required documents.
2. Document Submission: After receiving and verifying the necessary documents, we will submit your application to the lender.
3. Disclosure Signing: You will receive an email with the required disclosures to sign, allowing us to proceed with the loan process.
4. Appraisal: An appraisal will be conducted to confirm the After Repair Value (ARV) of the property.
5. Lender & Underwriting Review: We will coordinate with the lender and underwriting team to ensure a smooth approval process.
6. Title & Insurance Coordination: We will work directly with your title company and insurance provider to facilitate communication with the lender. If you need assistance in selecting a title or insurance company, we are happy to help.

Closing & Next Steps: Getting Started on Your Fix & Flip

Congratulations! Once your property is funded by the lender, it’s officially yours! Now, it’s time to begin renovations and bring your investment to life.

After closing, the lender will provide you with important contact details, including:

• Payment Instructions: How and where to make your loan payments.
• Draw Requests: Who to contact when you need to access your rehab funds, allowing you to complete your project in phases with the 100% repair financing feature.

If you ever need assistance throughout the process, our team is always here to support you. We’re committed to ensuring your fix and flip investment is a success!