Fix & Flip Loans
Purpose: Short-term financing for acquiring and renovating investment properties.
– Benefits
– Loan amounts: $50,000 – $5 million
– Up to 90% of purchase price & 100% of rehab costs
– Interest-only payments during renovation period
–Eligibility Criteria:
-Credit Score**: 620+ (higher for better terms)
-Experience**: 1+ completed flip preferred
-Down Payment: 10-20% of purchase price
-Exit Strategy: Required (sale or refinance plan)