100% Fix and Flip
100% Fix and Flip Funding Options for Experienced Real Estate Investors
Program 1
Overview
100% on Purchase
100% of Renovation
Loan Amount: $100,000 to $1,500,000
Rate: 10-13% and 3 - 4 Origination Points
Term: 9 Month Interest Only
Interest Paid on Funds Disbursed Only
Points can be rolled into the loan based on ARV
Qualifications
Credit Score: 660
Experience: 1 Max LTV 65%, 10+ 70% ARV
Liquidity: $15,000 0r 25% of Budget whichever is greater
Income & Asset Verification
Proximity: within 100 Miles of Property (exception possible)
Available: NC, SC, GA, FL, TX, CO, MA, NJ, NY, TN, OH, PA
Documents Needed
Drivers License / ID
Most Recent Asset Statements to Verify Liquidity
Current Year's Federal Tax Return
Entity Docs Including: Articles, Operating Agreement, EIN / SS4
Pictures (interior/exterior)
Three Sold Comparable Properties
Detailed Itemized Repair Budget
Executed Purchase Contract
Comparable Sales
Program 2 - No Minimum Credit Score
Overview
100% on Purchase
100% of Renovation
Max loan 70% of ARV
Loan Amount: $100,000 to $500,000
Rate: 12% and 3-4 Origination Points
Term: 6 Month Term - Interest Only Payments
Available in: AR, OK, MO, TX, GA, OH, NC, TN
Qualifications
Credit Score: No Minimum
Experience: None Required
Liquidity: 10% of Rehab Budget plus 6 months of payments
Documents Needed
Drivers License / ID
2 Months of Asset Statements to Verify Liquidity
Entity Docs Including: Articles, Operating Agreement, EIN Verification
Detailed Itemized Repair Budget
Executed Purchase Contract
Comparable Sales
Program 3 UPDATED AND IMPROVED
Overview
1-4 units
100% on Purchase
100% of Renovation Up to 75% ARV
Loan Amount: $100K - $1.25 mil
Rate: 11-12.75% and 2-4 Origination Points
Term: 9 Month Interest Only
5 - 8 units
85% on Purchase
100% of Renovation up to 65% ARV
Loan Amount: $100K - $1.25mil
Available: AL, CO, DE, FL, GA, IN, KY, MD, MA, MO, NJ, NC, OH, PA, SC, TN, TX, VA
Qualifications
Credit Score: 650 = 65% ARV, 700 = 70% ARV, 700 + 3 flips & light rehab =75% ARV
Liquidity: $15,000 0r 25% of Budget whichever is greater
Proximity: within 100 Miles of Property (exception possible)
Last 3 Months Assets Statements
Documents Needed
Drivers License / ID
Asset Statements to Verify Liquidity
Entity Docs Including: Articles, Operating Agreement, EIN
Last 3 months Assets Statement
Detailed Itemized Repair Budget
Executed Purchase Contract
