Fix & Flip Loans
Our Fix & Flip loan tiers are based upon number of completed flips in the past 24 months. The greater the number of completed flips, the higher the leverage (LTC/LTV) and better pricing we can offer.
Tier 1 & Tier 2
Max Leverage
Up to 90% of purchase price
75% of after repair value
100% of rehab costs (via holdback)
Qualification
5 completed flips in the last 2 years
No bankruptcy filing within the last 24 months
No financial crimes ever
Personal guarantee required
Minimum FICO of 680
$50,000 cash reserves
Tier 3
Max Leverage
Up to 85% of purchase price
75% of after repair value
100% of rehab costs (via holdback)
Qualification
2 completed flips in the last 2 years
No bankruptcy filing within the last 24 months
No financial crimes ever
Personal guarantee required
Minimum FICO of 700
All closing costs plus rehab budget cash reserves
Tier 4
Max Leverage
Up to 75% of purchase price
70% of after repair value
100% of rehab costs (via holdback)
Qualification
0 completed flips in the last 2 years
No bankruptcy filing within the last 24 months
No financial crimes ever
Personal guarantee required
Minimum FICO of 700
All closing costs plus rehab budget cash reserves
Contact us
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