- Max Leverage
- Best Service
- No Income
The Fix N Flip loan, also known as fix and flip loan, fix n flip bridge loan, or acquisition and rehab bridge loan, is a high leverage, quick close, private lender program for investors buying, fixing, and selling or renting, 1-4 unit residential properties.
- For projects that are complete or near completed, and ready for term refinance, please refer to the DSCR loan program
- For property types other than 1-4 unit residential, please refer to the multifamily, commercial and mixed use loan programs
Key Parameters
- 12 or 18 month term
- Interest only payments, no interest on undrawn amounts
- Purchase – 80-90% of purchase price + 100% of rehab, assuming 75-80 ARV
- Refi – might go off loan to cost if recent purchase, otherwise 70% of as is value and 75% of ARV
- 660+ FICO for highest leverage and best rates
- 579-659 FICO at lower leverage and higher rates
- No income verification
Nonbank Clearing Advantages
- Quick underwriting and structuring
- Competitive rates and leverage
- Premium service loan processing
- Access to super quick close outlets when required
- Bridge refi or new loan mid-project available
