Fix & Flip (RTL) Loan Program
Amount | $500,000 - $3,000,000 |
LTV | Max 70% ARV |
LTC | Up to 100% |
Term | Up to 12 Months |
Interest Rate | Starting at 9.99% |
Origination Fee | 2-3% |
Lien Position | Senior Debt - 1st Lien |
Geography | Mid-Atlantic and Southeast: DC, MD, VA, NC, SC |
Asset Types | Single Family (1-4), Non Owner-Occupied |
Sponsorship | Experienced operators preferred, will lend to first time builders |
Recourse | Non-recourse with "bad boy" carve-outs available |
Credit | No Minimum FICO Score |
Appraisals | Not Required |