Looking for Funding For Your Next Fix and Flip Project?
A fix-and-flip loan is a form of short-term financing designed to help real estate investors purchase and renovate a property. This type of loan typically has a higher interest rate—often between 8% and 12%—than a traditional mortgage.
Fast Money For Flips fix and flip loan program offers financing for up to 90% of the purchase price + 100% of renovation costs, not to exceed 75% of the after-repair value.
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Plus, Fast Money For Flips only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.
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Loan Criteria
Collateral:
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Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
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Term:
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12 Months (6-Month Extension Available)
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Loan Amount:
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$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $5M for Multi-Family (5+)/Mixed-Use
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Rates:
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As Low As 7.74% (Interest Only Charged on Outstanding Balance)
LTV:
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Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
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Minimum As-Is Property Value:
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$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use
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Minimum FICO:
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650
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Pre-Payment Penalty:
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N/A
Get Started Today!
Please fill out the documents below and email them to Jeffrey Abraham at jeffrey@fastmoneyforflips.com.