Fix and Flip Loans

Flexible short-term fix and flip loan for investors to purchase or refinance and renovate a non-owner-occupied investment property in the Dallas-Fort Worth Metroplex.

Fix and Flip Loan Features

Loan Amounts		$50,000-$500,000
Interest Rates		As low as 12% interest-only, monthly payments
Origination Fee		As low as 2% of loan amount, payable at closing
Term		6-12 months, options to extend
Pre-Payment Penalty		None
Extension Fee		1% fee per 60-day extension, 1.5% fee per 120-day
Property Types		Non-Owner Occupied: – Single Family Residence (SFR) – Townhouses – 2-4 Units
Loan-To-Cost (LTC)		Up to 85% Purchase Price
Rehab/Construction		Up to 100%
After Repair Loan-To-Value (LTV)		Up to 70% After Repair Value (ARV)
Recourse		Full Recourse

Borrower Qualifications

Credit Score	620+
Experience	Preferred 2+ exits within 12 months
Borrower Type	Entity
Bank Statements	Last 2 months

Lender Specific Closing Costs

Underwriting Fee	$499 (paid at closing)
Wires/ACH	$30/$10 each