Buy Fix & Flip Loans

  • The loan amounts are typically based on the Deal Cost & ARV (After Repair Value)
  • Borrow 80-90% of the Purchase Price and 100% of the Renovation Cost for Buy Fix & Flip Loans
  • Minimum Borrower Equity Investment on any deal is $20,000
  • The renovation portion of the loan will be put in escrow
  • Up to 85% of the Purchase Price at the closing
  • Client will bring at least 20% of the Purchase Price + closing costs
  • The interest rate will typically be 9-12%
  • Points will be paid at closing
  • Loan Term = 1 year
  • Interest Only
  • Monthly Payments
  • No pre-payment penalty
  • 600 Minimum Credit Score
  • Loans in these states only NJ, NY, PA, CT, MA, MD, DC, FL, VA
  • Close in 2 weeks or less
  • Full Transparency – No Hidden Fees

Here is some additional info on our loan programs and lending parameters:

  • Loan Size: $75,000 – $5,000,000
  • Loan Term: 12 months (up to 18 on exception basis)
  • Loan Structure: Interest Only, Balloon Payment at Maturity, NO PREPAYMENT PENALTY
  • Rate Range: 9%-12% 
  • Single Family – Multi Family 2-4 Families – Multi Family 5+ Units – Mixed Use
  • Land (associated with a new build)
  • Property Purchase & rehabilitation
  • Property Purchase Only
  • Property Rehabilitation Only
  • Land Purchase and Property New Construction (Previous Experience Required for New Construction Loans)
  • Property New Construction Only
  • Loan Refinance Only
  • Loan Refinance and Property Rehabilitation
  • Loan Refinance and Cash Out
  • Cash Out and Property Rehabilitation
  • Cash Out Only

Feel free to give me a call should you ever have any questions. Call Herman 800-965-5602