Purpose | Fix & Flip / Fixer-Upper |
Loan Amounts | up to $750K (higher case by case) |
Term | 12 months |
Rate | 10% – 11.5% |
Credit Score | not FICO driven |
Loan to Value (LTV) | up to 100% |
After Repair Value (ARV) | up to 70% |
Appraisal | not needed (in most cases) |
Experience | no experience is OK |
Closing Time Frame | can close in fast as 2 days |
Commitment | in a couple of hours from submission |
Geography | Southern California only |
Documents Needed | 1003 / Credit / Prelim / Fully Executed Purchase Agreement / Escrow Instructions |
Needed for Pricing | Purchase Price / Rehab Budget / ARV |