Fix & Flip
​Hard Money Loans

Fix & Flip hard money loans for real estate investors who buy rehab and sell or refinance
1-4 family houses, condos & town homes as a business. Short Term hard money loans require little to no documentation. The strength of the deal determines approval. Typically deals that are 70% of the After Repair Value minus repairs will be approved. (i.e. if the After Repair Value is $200,000, funds available for purchase and rehab will be $140,000) Usually the buyer will be required to bring points, fees, and closing cost to the table. Non-owner occupied loans only. 
Closing only in LLC or Corp name.

Terms

Term Length
Up to 12 Months
Loan Amounts
$100k - $3 Million 
Interest Rate
10%-14%
Fees:
2-4 points + Lender & 3rd Party Fees
​Funding
90%-100% of Purchase Price &
100% of Rehab Funds
Maximum After Repair Value
65%-70%
Other Items:
No Pre-Payment Penalty  
​No Application Fees
620 Minimum Credit Score
No Appraisals (Desktop Evaluation in Most Cases)
No Survey
No Upfront Fees (Most Cases)