With our renovation loan program, (Fix & Flip Loans) you can purchase a property that needs to be remodeled, converted, and/or expanded.
Renovation financing is ideally suited for borrowers who need fast funding or do not meet the lending criteria of conventional lenders.
Program Benefits:
- Loan terms up to 12 months
- No prepayment penalty
- We can lend off of the after repair value of the property
- LTV's up to 65% (A.R.V)
- Cross collateral okay
- Vesting: Individuals, multiple co-borrowers, partners, LLC's and Corporations
- Easy application process
- No upfront fees
- Fast underwriting decisions
- Loan amounts to $4,000,000
- Local underwriting
Property types:
- SFR
- Duplexes
- Triplexes
- Fourplexes
- Apartments
- Commercial
- Mixed use