Has anyone used a Fix and flip loan program
Looking through the Fix and Flip Loan Program information that my mortgage broker has provided me. It looks like a LOC will be issued and will be available for 12 months, and can be used for multiple acquisition/rehab requests up to the maximum exposure limit. The loan structure is 90% for acquisition, 90% for rehab, and 75% LTV/ARV. Looking to hear if anyone has leverage this type of loan program, and what are the pros and cons… Thanks in advance, Rex