Fix & Flip Loans-Financing up to 90% of Purchase Price & 100% Rehab

[Stacy Raskin]

Fix & Flip Loans-Financing up to 90% of Purchase Price & 100% Rehab- Up to 75% of ARV

As a mortgage broker, I work with different lenders that do Fix & Flip loans. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.

Program highlights:

• -Any level of investor experience
• -Funding in as little as 10 days
• -Credit scores as low as 640
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 90% of Cost
• -Rehab Loan Amount – up to 100% of Cost
• -75% maximum after repair value
• -12 to 24 month loan term with Interest Only payments. At the end of term, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the term is up.
  -Decisions and term sheets are issued quickly. Terms will depend mainly on borrower's credit score and location of property. Experience is a factor but is secondary to the other criteria. Loans offered in all U.S. states except for Idaho, Iowa, North Dakota, South Dakota and Utah.

There are more lending options in: AZ, Washington D.C., AR, AL, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, and WV.

[Alyssa Henderson]

I’d love to connect as my husband and I are looking for a second investment property and want to try a fix and flip this time. 

[Stacy Raskin]

Quote from @Alyssa Henderson:

I’d love to connect as my husband and I are looking for a second investment property and want to try a fix and flip this time. 

 Great! I just sent you a direct message.

[Ricky Gonzalez]

Hi Stacy, 

Ricky from Las Vegas here! Thank you for your insightful post! My Fiance and I are educating ourselves on flips, as we've heard some horror stories from inexperienced flippers. 

I have connected with some lenders, but the terms you've listed out are the best I have seen yet. Also, i noticed NV is listed as a state with more lending options. 

Curious to know what other options are common in my state? 

Thank you in advance for your help!

[Solongo Ganbold]

Quote from @Stacy Raskin:

Fix & Flip Loans-Financing up to 90% of Purchase Price & 100% Rehab- Up to 75% of ARV

As a mortgage broker, I work with different lenders that do Fix & Flip loans. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.

Program highlights:

• -Any level of investor experience
• -Funding in as little as 10 days
• -Credit scores as low as 640
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 90% of Cost
• -Rehab Loan Amount – up to 100% of Cost
• -75% maximum after repair value
• -12 to 24 month loan term with Interest Only payments. At the end of term, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the term is up.
  -Decisions and term sheets are issued quickly. Terms will depend mainly on borrower's credit score and location of property. Experience is a factor but is secondary to the other criteria. Loans offered in all U.S. states except for Idaho, Iowa, North Dakota, South Dakota and Utah.

There are more lending options in: AZ, Washington D.C., AR, AL, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, and WV.

 Hi Stacy, 

I would love to connect with you to see what I can get qualified for. 

[Stacy Raskin]

Quote from @Solongo Ganbold:

Quote from @Stacy Raskin:

Fix & Flip Loans-Financing up to 90% of Purchase Price & 100% Rehab- Up to 75% of ARV

As a mortgage broker, I work with different lenders that do Fix & Flip loans. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.

Program highlights:

• -Any level of investor experience
• -Funding in as little as 10 days
• -Credit scores as low as 640
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 90% of Cost
• -Rehab Loan Amount – up to 100% of Cost
• -75% maximum after repair value
• -12 to 24 month loan term with Interest Only payments. At the end of term, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the term is up.
  -Decisions and term sheets are issued quickly. Terms will depend mainly on borrower's credit score and location of property. Experience is a factor but is secondary to the other criteria. Loans offered in all U.S. states except for Idaho, Iowa, North Dakota, South Dakota and Utah.

There are more lending options in: AZ, Washington D.C., AR, AL, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, and WV.

 Hi Stacy, 

I would love to connect with you to see what I can get qualified for. 

 Hi Solongo, Great- just sent you a direct message!

[Stacy Raskin]

Quote from @Ricky Gonzalez:

Hi Stacy, 

Ricky from Las Vegas here! Thank you for your insightful post! My Fiance and I are educating ourselves on flips, as we've heard some horror stories from inexperienced flippers. 

I have connected with some lenders, but the terms you've listed out are the best I have seen yet. Also, i noticed NV is listed as a state with more lending options. 

Curious to know what other options are common in my state? 

Thank you in advance for your help!

 Hi Ricky- great- I just sent you a direct message!

[Jessica Dy]

Quote from @Stacy Raskin:

Fix & Flip Loans-Financing up to 90% of Purchase Price & 100% Rehab- Up to 75% of ARV

As a mortgage broker, I work with different lenders that do Fix & Flip loans. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.

Program highlights:

• -Any level of investor experience
• -Funding in as little as 10 days
• -Credit scores as low as 640
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 90% of Cost
• -Rehab Loan Amount – up to 100% of Cost
• -75% maximum after repair value
• -12 to 24 month loan term with Interest Only payments. At the end of term, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the term is up.
  -Decisions and term sheets are issued quickly. Terms will depend mainly on borrower's credit score and location of property. Experience is a factor but is secondary to the other criteria. Loans offered in all U.S. states except for Idaho, Iowa, North Dakota, South Dakota and Utah.

There are more lending options in: AZ, Washington D.C., AR, AL, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, and WV.

Hi Stacy! I would love to connect and get your thoughts on a potential deal in Vegas and see if it can qualify. 

[Stacy Raskin]

Quote from @Jessica Dy:

Quote from @Stacy Raskin:

Fix & Flip Loans-Financing up to 90% of Purchase Price & 100% Rehab- Up to 75% of ARV

As a mortgage broker, I work with different lenders that do Fix & Flip loans. The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.

Program highlights:

• -Any level of investor experience
• -Funding in as little as 10 days
• -Credit scores as low as 640
• -Non-owner occupied Single Family, Multi Family up to 4 units property types
• -Purchase Loan Amount – up to 90% of Cost
• -Rehab Loan Amount – up to 100% of Cost
• -75% maximum after repair value
• -12 to 24 month loan term with Interest Only payments. At the end of term, can either sell or refinance into a longer term fixed DSCR rental property loan. This can be done earlier as well if the property is ready before the term is up.
  -Decisions and term sheets are issued quickly. Terms will depend mainly on borrower's credit score and location of property. Experience is a factor but is secondary to the other criteria. Loans offered in all U.S. states except for Idaho, Iowa, North Dakota, South Dakota and Utah.

There are more lending options in: AZ, Washington D.C., AR, AL, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, and WV.

Hi Stacy! I would love to connect and get your thoughts on a potential deal in Vegas and see if it can qualify. 

 Hi Jessica! I'll send you a DM.