Short-term financing for residential real estate investors
Fix & Flip Line of Credit
✓ Lines of credit for multiple transactions1
✓ Funding up to: 90% of purchase price
95% of rehab
75% LTV
✓ Loans from $50K to $2.5MM2
✓ Recourse and non-recourse options available
✓ Single loans available for first-time investors; no experience required
| Description | Exposure line for experienced investors (1+ completed flip in the past 2 years)1 |
| Loan Size | $50K – $2.5MM2 |
| Term & Amortization | 9 months (standard) Extensions available up to 21 months |
| Acquisition Financing | Funding up to 90% of purchase price |
| Rehab Financing | Up to 95% of rehab costs, max 75% of ARV |
| Minimum Interest Charge | 90 Days minimum interest |
| Borrower | Individual, Limited Partnership, Corporation or LLC (Single Purpose Entity) |
| Credit | 620+ |
| Property Types4 | Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties up to 20 units |
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