Fix & Flip Financing

RECOURSE & NON-RECOURSE OPTIONS

Fix & Flip Line of Credit

• Lines of credit for multiple transactions 
• Funding up to: 90% of purchase price / 95% of rehab / 75% LTV (after repair value)
• Loans from $50K to $2.5MM
• Must be non-owner occupied
• Minimum credit score 620

New Construction Line of Credit

• Lines of credit for multiple transactions 
• Funding up to: 75% of as is value / 85% loan-to-cost / 85% rehab of budget
• Loans from $250K to $100MM
• Minimum credit score 660
• Must be non-owner occupied

Per guidelines, must meet experience requirements. Net worth requirement, minimum 30% of the line of credit amount. Liquid assets must equal a minimum of 20% of the line of credit amount. Loans are 12-month notes, interest only. No log homes, no earth homes.