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 $1,500,000
Rate: 10-12% and 2-4 Origination Points
Term: 9 Month Interest Only
Interest Paid on Funds Disbursed Only
Repair Budget Not to Exceed 30% of Total Loan Amount
150$ Draw Fee (no limit on the draws)

Qualifications

Credit Score: 620+
Experience: at least 1 Completed Flip in Last 36 Months
Less than 10 (at 65% ARV) 10+ Flips (at 70% ARV)
Liquidity: $30,000 per $250,000 loan amount
Proximity: within 100 Miles of Property (exception possible)

Documents Needed

Drivers License / ID
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

Program 2

Overview

100% on Purchase
100% of Renovation
Some Closing Costs rolled into the loan
Loan Amount: $100,000 to $500,000
Rate: 9-12% and 3-5 Origination Points
Term: 12 Month Interest Only
Repair Budget Not to Exceed 75% of Purchase Price
No Monthly Payment Option

Qualifications

Credit Score: 640+
Experience: at least 8 Completed Flip in Last 5 Years
Up to 75% ARV
Liquidity: 10% of rehab budget

Documents Needed

Drivers License / ID
Asset Statements to Verify Liquidity
Entity Docs Including: Articles, Operating Agreement, EIN Verification
Pictures (interior/exterior)
Detailed Itemized Repair Budget
Executed Purchase Contract

Program 3

Overview

100% on Purchase
100% of Renovation
Loan Amount: $100K - $1M ($2M by exception)
Rate: 10-12% and 2-4 Origination Points
Term: 8 or 12 Month Interest Only
Heavy Rehab Accepted

Qualifications

Credit Score: 660+
Experience: 0 flips 65% ARV
1 Flip in last 3 years and 700 credit score up to 70% ARV
Liquidity: $25,000 plus closing costs and 6 monthly Payments
Full Income Verification
Minimum $50,000 Annual Income
Last 2 Months Assets and Last 2 years Federal Tax Returns

Documents Needed

Drivers License / ID
Asset Statements to Verify Liquidity
Entity Docs Including: Articles, Operating Agreement, EIN
Last 2 months Assets Statement
30 Days Income Verification
Last 2 years tax returns
Detailed Itemized Repair Budget
Executed Purchase Contract