Fix and Flip
Program Overview
You do not have to have experience with Flipping properties. The Rehab can either be minor repairs or can be Ground-Up Construction.
The standard length of this program is 12 months.
Extensions are available for longer!
Borrowers can purchase multiple properties with this line of credit. The investor mortgage credit line renews automatically once the property is flipped.
Investor mortgage credit lines are from 50K to 5MM.
Finally, the funding of this program is up to 90% LTV of the rehab and purchase for 1-4 units. 5+ Units is 80% LTV. The program allows for 75% financing of the final rehabbed property.
Eligible Properties
2-4 unit Residences
Condominiums
Townhomes
Planned Urban Developments (PUD)
Single-family Residences (SFR)
Single-family Detached Residences (SFR)
Multi-family of 5-20 units
Mixed Use with less than 25% being commercial
