Rehab Loan
Fix and Flip Loan - LG352
Fix and Flip Loan - LG352
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Condo, Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 9.5% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2.5 |
| Terms | 1 year, 2 year |
| Typical Days Required to Fund | 11-15 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Documents needed | Application, Bank Statements - Business Account - 1 month, Driver's license, Entity documents for LLC, Corp or Trust, Lease Agreements, Purchase Contract, Rent Roll |
| General Pricing or Guideline info | Program Overview •Loan Amount: $75,000 – $10 Million •Term Length: 12 – 24 Months •Max LTV: 80% •Max LTC: 90% (exception based) •Amortization: Interest only •Interest Rate: Starting at 9.49% •Closing Time: 7 - 14 Days •Loan Use: Purchase, refinance, cash-out, construction, renovation Fix and Flip Loan Program A "fix and flip" loan is a short-term bridge loan used to purchase property with the intent to sell it for a profit after the renovations are complete. A fix and flip loan is a great fit in the following situations: 1. When you need to close fast (Our average time to close is 7 - 14 days!) 2. When the property needs renovations. 3. When you need high leverage (We offer up to 90% LTC) 4. When the property is not yet stabilized, leased up, or generating any income. 5. When you can't provide verifiable income (no tax returns available). 6. When you only want a short term loan with no prepayment penalty At Capital Funding Financial, our fix and flip loans close very quickly... even in as little as 7 days! Our fix and flip loans require no personal income verification and very little documentation! Our Fix and Flip loans are a great way to start leveraging your existing capital and generate more income with the ability to close & flip more projects at once! Capital Funding Financial finances both the acquisition and the renovation costs of the project. Simply bring your initial closing costs and Capital Funding Financial will fund the rest including reimbursing you for the renovation costs as the work is completed. |
| Updated as of | 2023-11-21 |
| Program Code | LG352 |
Program Overview
•Loans Amount: $75,000 – $10 Million
•Term Length: 12 – 24 Months
•Max LTV: 80%
•Max LTC: 90% (exception based)
•Amortization: Interest only
•Interest Rate: Starting at 9.49%
•Closing Time: 7 - 14 Days
•Loans Use: Purchase, refinance, cash-out,
construction, renovation
Fix and Flip Loans Program
A "fix and flip" loan is a short-term bridge loan used to purchase property with the intent to sell it for a profit after the renovations are complete. A fix and flip loan is a great fit in the following situations:
1. When you need to close fast (Our average time to close is 7 - 14 days!)
2. When the property needs renovations.
3. When you need high leverage (We offer up to 90% LTC)
4. When the property is not yet stabilized, leased up, or generating any income.
5. When you can't provide verifiable income (no tax returns available).
6. When you only want a short term loan with no prepayment penalty
At Capital Funding Financial, our fix and flip loans close very quickly... even in as little as 7 days! Our fix and flip loans require no personal income verification and very little documentation! Our Fix and Flip loans are a great way to start leveraging your existing capital and generate more income with the ability to close & flip more projects at once! Capital Funding Financial finances both the acquisition and the renovation costs of the project. Simply bring your initial closing costs and Capital Funding Financial will fund the rest including reimbursing you for the renovation costs as the work is completed.
