Fix & Flip
A hard money loan is a short term loan used to renovate a property and sell a property within a year. The process is called Fix & Flip.
The funding of a hard money loan can happen in as little as 15 days.
Hard money loans have lower qualifications for approval than other loans. Investors can receive approval in as little as 10-15 days.
This program offers
- Financing for up to 90% of the purchase price.
- Up to 100% of the renovation costs.
- Up to 65% of the after repair value (ARV).
- This program is available for first-time investors.
| LENDING CRITERIA | |
| Maximum LTV | 90% |
| Credit Score | 620 Minimum |
| Occupancy | Non-Owner Occupied |
| Property Types | All Residential (single, multi-family or mixed-use properties) |
| Minimum Values | Minimum ARV of $100,000 |
| Term | 12 months, with longer terms available |
| Minimum Loan amount | $75K – 5M |