Fix & Flip loans
Business-purpose renovation capital, single asset through portfolio. Criteria first — read the terms and the checklist, then send the scenario.
Pricing is quoted as an index plus a spread in basis points; 100 basis points equals 1.00%.
Terms are indicative until credit approval, and reflect the best available as a standalone, not a combination. Maximum leverage and best pricing are generally obtained at the cost of the other, and lenders size to the lower of LTC and LTV. Leverage and pricing move with sponsor creditworthiness, experience, market, and scope. Not all borrowers will qualify for all products.
Criteria
Business-purpose only. Non-owner-occupied. Renovation scope and exit must be documented.
Timeline
A response within 1 business day; a read on feasibility and indicative structure within 2.
What is needed to start
Address, purchase price, renovation budget, ARV support, schedule, and experience.
How it is placed
Underwritten against the after-repair value and the renovation scope, then taken to the lender set that prices that profile.