Fix and Flip Financing
Program 1
Fix and Flip Financing
- Deal Eligibility
- Minimum Loan Amount-$90,000
- FICO: +670
- ROI: +12%
- No history of bankruptcy, foreclosure, or criminal activity
in the last 4 years
Standard
Members choose this when looking for moderate leverage at the best possible pricing to maximize total profit.
(New borrower 0-1 investments)
- Max loan to cost – 81%
- Max loan to purchase price – 80%
- Interest Rate – 11.50%
- Origination Fee – 3 Points
Experienced Borrower- (2-9 investments)
- Max Loan to Cost – 85%
- Max Loan to Purchase Price – 83%
- Interest Rate – 10.50%
- Origination Fee – 2.5%
Expert Borrower (10+ Investments)
- Max Loan to Cost – 85%
- Max Loan to Purchase Price – 83%
- Interest Rate – 10.50%
- Origination Fee – 2.5%
Zero Gravity
Members choose this for high LTC and lack of hassle. No upfront lender fees, no interest payments for 6 months. It’s all capitalized and rolled into the loan itself. (Experienced & Experts Only)
- Max Loan to Cost – 96%
- Max Loan to Purchase Price – 85%
- Interest Rate – 12.00%
- Origination Fee – 3%
- Credit Score – 680+
- ROI – 25%+
Double Double
Choose this when looking to decrease Cash to Close and maximize overall leverage to increase ROI on high-quality deals.
- Max Loan to Cost – 93%
- Max Loan to Purchase Price – 90%
- Interest Rate – 13.00%
- Origination Fee – 3%
- Credit Score – 670+
- ROI – 25%+
Program 2
Fix and Flip Financing
Bridge Standard Loan Program
(For flippers with 0-4 completed flips in the last 2 years)
Loan Terms
- Minimum loan amount: $75,000
- Maximum loan amount: $1,000,000
- 12, 18, 24 month term with no prepayment penalty
Qualification
- 0-4 flips in last 2 years1
- 680 minimum FICO2
- No unresolved bankruptcy or filings within the last 24 months
- No outstanding mortgage delinquency of 90 days or more
- No felony convictions within the last 7 years
- Personal Guarantee required
- No bank statements or income verification required
Max Leverage
- Up to 90% of purchase price
- 70% of After Repair Value (ARV) w/ holdback
- Max rehab: $250,000
Eligible Properties
- SFRs
- 2-4plex
- PUD’s
- Condos PUDs
Eligible Members
- Corporations
- General partnerships
- Limited partnerships
- Limited liability companies
- Revocable trusts
Origination Fee
2-3 Points
Interest Rates
Start at 10.00%
