Construction Loan

Fix & Flip or Construction Loan

Fast turn around time.

Enjoy the flexibility without the stress of traditional bank lending requirements.

Construction, Rehab and Fix and Flip Loan Program:

  • 13 Month Term;
  • Interest Only;
  • Acquisition and Construction 90% CTV cannot exceed the 70% after construction value;
  • 100% Max on Rehab or Construction Cost;

Documents Required:

  • Proof of 3 months of Interest
  • Appraisal and/or inspection required;
  • Borrowers I.D.;
  • 12 Months Bank Statements;
  • Budget Form;
  • Purchase Contract or HUD;
  • Name and License of the Contractor;
  • Estimated Closing – 7 to 10 Business Days from receipt of full documentation;
  • Terms are based on a minimum credit score of 680;