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Fix and Flip

  • Loans from $100,000 - $2 million, including 90% of the cost to acquire the property and 100% of the renovation budget

  • 9-12% interest rate

  • 1-2% origination fee

  • 6 months - 1 year terms

  • Loan-to-value up to 75%

  • Monthly or deferred interest payments

  • NO fees for application, processing, draws or inspections

  • NO appraisal for loans under $500,000

  • Close in 4-5 days

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New Construction

  • Loans from $100,000 - $2 million, including 90% of the cost to acquire the property and 100% of the construction budget

  • 9-12% interest rate

  • 1-2% origination fee

  • 1-2 year terms

  • Loan-to-value up to 75%

  • Monthly or deferred interest payments

  • NO fees for application, processing, draws or inspections

  • NO appraisal for loans under $500,000

  • Close in 4-5 days

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Transactional

  • Loans from $100,000 - $2 million including 90-100% of the cost to acquire the property; no renovation budget needed

  • 9-12% interest rate

  • 1-2% origination fee

  • 1 to 10 day terms

  • Interest paid at payoff

  • NO fees for application, processing, draws or inspections

  • NO appraisal for loans under $500,000

  • Close in 4-5 days

1. Get pre-approved.

Our New Borrower Application focuses on your real estate experience and financial situation, and unlike most banks we do not focus on your income or require tax returns. We do run your credit score and request copies of your bank statements and company formation documents. There is no cost to fill out the application.


2. Provide property details.

After you have been approved as a borrower the next step is a Loan Request. We ask that you provide the contract for the property, and a detailed budget and timeline for the project.


3. Close the loan.

After step #1 and #2 above, the borrower closes the loan at a local title company. At closing you sign our loan documents, which include a Promissory Note, Deed of Trust, Loan Agreement, Non-homestead Affidavit and Personal Guaranty.


4. Request draws.

As you start your project we ask that you provide us with pictures or videos of the property for status updates. When you need money to pay contractors you simply submit a Draw Request.

Interest payments are invoiced and paid monthly via ACH.


5. Payoff.

After you have a buyer for the property our loan is paid off from the buyer’s source of financing.

 

 Results from our renovation and new construction loans.