FIX & FLIP LOANS
Short-term financing for the buy and recovery of non-proprietor involved properties.
RENTAL LOANS
Long-term financing for speculators who are holding properties for rental pay.
BRIDGE LOANS
Short-term financing for residential, commercial & mixed-use properties.
RENTAL LOANS
OUR RENTAL LOAN PROGRAM IS DESIGNED FOR INVESTORS NATIONWIDE SEEKING A SIMPLE FINANCING SOLUTION FOR PURCHASE OR REFINANCE, WITH THE FLEXIBILITY TO REMAIN IN THE LOAN FOR UP TO 30 YEARS AND CASH-OUT UP TO 80% OF LTV.
bridge loans
A “bridge loan” is essentially a short term loan taken out by a borrower against their current property to finance the purchase of a new property.
Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.
Most bridge loans carry an interest rate roughly double the average fixed-rate product and come with equally high closing costs.
Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home.
Looking for Funding For Your Next Fix & Flip Project?
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LOAN CRITERIA
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
Term:
12 Months (6-Month Extension Available)
Minimum As-Is Property Value:
$50k for Single-Family$25k per Unit for 2-4 Family$35k per Unit for Multi-Family (5+)/Mixed-Use
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes$250k – $5M for Multi-Family (5+)/Mixed-Use
Minimum FICO:
650
Rates
As Low As 7.99% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty:
N/A