Fix and Flip – Loan Criteria

Fix and Flip

Rehab financing for non-owner occupied residential investment properties.

Loan Purpose

  • Rehab loan for non-owner occupied residential investment property

Loan Term

  • 12 months standard
  • 18-month option (case-by-case)

Loan Amount

  • $50,000 up to $3 Million

Maximum Leverage

  • Up to 90% LTC (% of purchase price)
  • Up to 75% ARLTV
  • Up to 100% of rehab budget

Borrower Type

  • Entity required
  • Full Recourse Only

Property Type

  • Non-owner occupied: Attached or detached SFR
  • 2–4 unit properties
  • Townhomes
  • Warrantable condos

Key Features & Detail

  • No prior experience required

State Restrictions

  • At this time, we are unable to lend in Nevada, North Dakota, Oregon, South Dakota, Utah, and Vermont