Fix & Flip/Ground Up Construction Loan
Short Term Renovation Loans for All Investors
About Fix & Flip/Ground Up Construction Loans
Fix-and-flip loans are short-term loans used by
real estate investors to purchase and improve
a property to then sell for a profit.
Ground Up New Construction Loans provide
financing for builders looking to construct new
residential properties. Both loans can be
refinanced into long term loan options as well.
LENDING PARAMETERS
Loan Amounts:
$100,000 - $15,000,000
Interest Rates:
Range from 7% - 12%
LTV/LTC:
Range from 75% - 90%
Property Types:
Residential, 1-4 Units
Credit Score:
620 is preferred but can work with any score.
Closing Timeline:
As quick as one week to 30 days
BORROWER QUALIFICATIONS
FIX & FLIP:
- Inexperienced and Experienced Investors Welcome.
- Borrowers with above 720 score can secure up to 90% LTV, 100% of Rehab Costs and 70% of the ARV.
- Borrowers who have done 5 or more flips within the last 36 months may also qualify for an Exposure Line (Details Below).
- Borrowers with below 720 credit scores and who have done less than 5 flips within the last 36 months can qualify for up to 80% LTV, LTC will vary depending on borrower qualification.
GROUND UP:
- Inexperienced and Experienced Investors Welcome.
- Must have done at least 1 ground up build in the last 36 months as owner to qualify for a better rate and term.
- Borrowers may also be General Contractors as long as they can document they have ownership in the property that was or is being built.
Featured Products
EXPOSURE LINE:
- A score of 620 is recommended if the borrower wants to qualify for this product and a good rate and LTV/LTC.
- Exposure Lines are qualified case by case, based on flipping and ground up building experience.
- Hard Money Bridge loans like those with flips and ground up do not report to credit and once credit is pulled it is good for a whole year.
- If purchasing or refinancing into long term rental property then credit gets re-pulled and the loan is then reported to credit.
If your loan does not meet the above qualification criteria then click below.