Nonbank Clearing

Fix N Flip Loan
  • Max Leverage
  • Best Service
  • No Income
  • Competitive Terms
  • Simplified Process
  • Same Day Approval
  • 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
    Fix N Flip