100% Fix and Flip Atlanta Georgia

October 1, 2024

100% Fix and Flip Atlanta Georgia

FBC Funding now offers a new 100% Fix and Flip Atlanta Georgia. You heard that right. We have a new 100% fix and flip program for Georgia real estate investors. As this is a new product we are initially rolling it out in only 8 states focusing heavily in Atlanta, Georgia. As a real estate investors looking to scale up your business in one of the following eight states, this is the program for you. The eight states we are offering the 100% fix and flip program are Arkansas, Oklahoma, Missouri, Texas, Georgia, Ohio, North Carolina and Tennessee. There are many great benefits for Georgia real estate investors looking for no money down fix and flip funding. Here is a list of the benefits.

Guidelines for 100% Fix and Flip Atlanta Georgia

States: AL, AR, CO, GA, ID, IA, MA, MD, MO, MS, MT, NC, NE, NH, OH, OK, SD, TN, TX, WA, WV, and WY. The county must have a population of at least 100,000 residents for the property to qualify.
Purchase Price and Rehab LTV: 100% of the purchase price and rehab not to exceed 70% of the after rehab value. Subordinate financing available.
Loan Amount: Minimum loan amount $100,000 and maximum loan amount $500,000
Term: 6 months, with 3 month extension options.
Rate & Points: 12% and 4 points
Liquidity: Closing Costs plus 10% of rehab budget plus 6 months of interest only payments – verified with the last 2 months banks statements
Citizenship: US Citizen, Non Permanent Residents and Foreign Nationals. No loans in individuals names
Borrower: US Based Business Entities (LLC, LP, Corp, etc.) No loans in individuals names. The borrows of the 100% fix and flip Atlanta Georgia are required to personally guarantee the loan.

Benefits of 100% Fix and Flip Atlanta Georgia

There are several key benefits to 100% financing fix and flip program which include:

100% of the purchase price and 100% of the rehab financed up to 7o% of the after repair value (ARV). This is great for Georgia investors who are doing multiple deals, or just want to front as little money as possible.
No traditional appraisal required. Our automated value model with our desktop appraisal system will allow us to close these loans without a traditional appraisal. Additionally, if value comes in low we can still order appraisal through an appraisal management company.
Quick close. With no traditional appraisal required we can close loans in 5 to 10 days or less. As of October, 2024 the average closing time is 7 business days from full submission for 100% fix and flip Atlanta Georgia properties.
No minimum credit score required. We will still do a background check to confirm no major derogatory credit such as foreclosure or recent bankruptcies as well as check for financial crimes.
No minimum experience required. First time investors are eligible for the 100% fix and flip Atlanta Georgia program.
Unlimited draws. This again helps borrowers with unlimited funds and helps the project get completed sooner. If you have limited funds you can order draws as soon as possible without needed it to be a minimum amount. Thus you can continue working to complete project quicker.
Foreign National Investors.