RE Lines of Credit

*Fix & Flip Line of Credit

Short-term financing for residential real estate investors

Fix & Flip Line of Credit

✓ Lines of credit for multiple transactions1

✓ Funding up to: 90% of purchase price

95% of rehab

75% LTV

✓ Loans from $50K to $2.5MM2

✓ Recourse and non-recourse options available

✓ Single loans available for first-time investors; no experience required

Description Exposure line for experienced investors (1+ completed flip in the past 2 years)1
Loan Size $50K – $2.5MM2
Term & Amortization 9 months (standard) Extensions available up to 21 months
Acquisition Financing Funding up to 90% of purchase price
Rehab Financing Up to 95% of rehab costs, max 75% of ARV
Minimum Interest Charge 90 Days minimum interest
Borrower Individual, Limited Partnership, Corporation or LLC (Single Purpose Entity)
Credit 620+
Property Types4 Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties up to 20 units

FIX AND FLIP LINES OF CREDIT APPLICATION

*New Construction Line of Credit

Short-term financing for residential real estate investors

New Construction Line of Credit

✓ Lines of credit for multiple transactions1

✓ Funding up to: 75% of land value

95% of construction budget

75% LTV

✓ Loans from $150K to $2.5MM2

✓ Single loans available for first-time investors; no experience required

Description Exposure line to fund ground-up construction for developers and investors (1+ completed flip in the past 2 years)1
Loan Size $150K – $2.5MM2
Term & Amortization 12 months (standard) Extensions available up to 21 months
Acquisition Financing Funding up to 75% of land value
Rehab Financing Up to 95% of construction costs, max 75% ARV
Minimum Interest Charge 90 Days minimum interest
Borrower Individual, Limited Partnership, Corporation or LLC (Single Purpose Entity)
Credit 620+
Property Types4 Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties up to 20 units

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