Our Fix and Flip Real Estate Investor Loans Are Amazing!
- NO prior experience required for Fix and Flip Real Estate Investor Loans
- Extensive rehab financing available (budgets > 50% of total costs)
- Financing for up 100% of renovation expenses
- Foreign Nationals eligible
| Fix and Flip Real Estate Loans | |
|---|---|
| LOAN PURPOSE | Rehab loan for non-owner occupied residential investment property |
| LOAN AMOUNT | $50K – $5MM |
| TERM | 12 months standard, 18 month option case-by-case |
| BORROWER TYPE | Entity required |
| MINIMUM EXPERIENCE | NO prior experience required |
| MAXIMUM LOAN-TO-VALUE (LTV) | Up to 70% After Repair Value (ARV) LTV |
| Maximum Loan-to-Cost (LTC) Cost is purchase price amount | Up to 90% LTC |
| WHEN DO WE USE LTV VS LTC? | Generally, we use the lesser of LTV or LTC calculation |
| REHAB/CONSTRUCTION FINANCING | Funding up to 100% rehab budget up to % Approved LTV of Total Costs |
| FOREIGN NATIONALS | Not allowed from ineligible country list |
| PROPERTY TYPES | Non-Owner Occupied: – Attached or detached SFR – 2-4 unit properties – Townhomes – Condos |
We look forward to working with you and assiting you on your upcoming project. Call us today for a free consultation or click here to get pre-approved.
Thanks,
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572