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Updated almost 6 years ago on .

User Stats

317
Posts
56
Votes
Michael Corso
  • Lender
  • Wildwood Crest, NJ
56
Votes |
317
Posts

FIX FLIP LOANS $50k+ / 90% LTV -100% Rehab - APR 6.99% - No PPP

Michael Corso
  • Lender
  • Wildwood Crest, NJ
Posted
FIX FLIP LOANS

Our Fix & Flip Exposure Limit (LOC) offers experienced investors an exposure limit they can use to acquire and/or renovate multiple properties. The Exposure limit caters to both beginner and experienced investors.

Not sure whether you need the Fix & Flip Exposure Limit?

  • The Fix & Flip Exposure Limit is designed for investors who need funding for multiple flips and renovations.
  • Inexperienced investors can get started by renovating one property to qualify for a larger Exposure Limit.
  • The Fix & Flip Exposure Limit also allows New Construction financing on the same limit.
  • All Fix & Flip Exposure Limits allow investors to close quickly.

Key Facts About Our Fix & Flip Loans

  • Rates as low as 6.99%
  • Exposure limit up to $10MM with individual loan amounts from $50K to $2MM
  • Financing for up to 90% of acquisition costs and 100% of renovation expenses, up to 75% After Repair Value
  • Exposure Limit options available for borrowers with zero experience
Program Details ​
  1. -Offering up to 90% Purchase & 100% Rehab
  2. -As the leading lender in direct private financing, Finance of America specializes in Fix & Flipping investment properties for a Real Estate Investor. Our program offers financing for purchasing a property as well as the construction funds to fix the property. With a max 90% acquisition, 75% ARV you have the comfort of our financing -100% of the construction.
  3. -With our Fix and Flip, Buy & Hold and Multi Family our program will give you an opportunity to make an easy profit while revitalizing neighborhoods.
  4. -Property: SFR, 2-4 Unit, PUD, Multi-Family (20 unit max)/Mixed-Use, Detached or Townhouse Style Condos
  5. -Term: 12 Months Initial Term
  6. -Loan Amount: $50k to 2 Million
  7. -Interest Only Starting at: 6.99%
  8. -Loan to Value: Up to 90% Purchase
  9. -Rehab Funds: 100%
  10. -Ownership: Individual or Entity (Foreign Nationals Welcome)
  11. -Max After Repair Value: 75% ARV
  12. -No Pre-Payment Penalty

Questions or to apply directly call/text 856-279-8359

Offering