FIX 2 FLIP
A short-term loan designed to help real estate investors purchase and renovate a property in order to sell it at a profit - generally within 12 months.
LOAN TERMS:
Up to 90% of Purchase Price
Plus 100% of Rehab Costs
Minimum Credit Score of 640
Loan Amount from $75K - $5M
Non-owner-Occupied Properties Including SFR, 2-4 Units, Condos, and PUDs
Interest Rates Starting at 10.99%
12-, 18- & 24-Month Terms w/ Interest-Only Options
No Pre-Payment Penalty
No Dutch/Full Boat Interest on Rehab Funds
Loan Origination Points from 1.00%
No Application Fees