FIX & FLIPS: Our ARV Loan Program offers financing for up to 85% of the purchase price + 100% of renovation costs for rehab projects, not to exceed 70% of the after-repair value. Borrowers are only charged interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.

Loan Criteria:

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

LTV:

Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV

Term:

12 – 18 Months

Minimum As-Is Property Value:

$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use

Other Considerations:

• New Investors:
  • Completed up to 2 Flips in the last 3 years
  • LTV – Up to 80% of Purchase Price + Up to 100% of Renovation Costs, not to exceed 65% of the ARV
• Intermediate Investors:
  • Completed between 3&5 Flips in the LAST 3 YEARS
  • LTV – Up to 85% of the Purchase Price + Up to 100% of the Renovation Costs; Not to exceed 70% of the ARV
• Experienced Investors
  • Completed more than 10 Flips in the LAST 3 YEARS
  • 720+ Minimum FICO
  • Up to 90% of the Purchase Price + Up to 100% of the Renovation Costs; Not to exceed 70% of the ARV