DSCR/Fix and Flip Loan Programs

[Dominic Pizzi]

Please see a list for our loan programs and the leverages associated with each loan program:

On the DSCR side, we can do 80% LTV max on a purchase of the property, 80% LTV on a Rate and Term refinance, and 75% LTV on the potential cash out refinance of the property. The interest rates depend on a variety of aspects, including the FICO score of the borrower, the type of property, location, and how well it cash flows. Minimum loan amount here is $55,000, with the As Is Value of the property needing to be $75,000. Ineligible states for 80% LTV include the following, and these states must be done in an LLC.

AL, GA, KS, ME, MO, MS, NE, SD, WI, WY

On the Bridge/Fix and Flip side, the parameters that we look into judging a prospective deal are FICO score of the borrower and experiences of the borrower in the last 3 years between rentals and fix and flips. This will decide both the leverage you are able to receive as well as the interest rate. We have no seasoning period for these types of loans so if you plan on holding onto the property, we can do a cash out refinance for you right away. Maximum 4 units for a Fix and Flip. Minimum loan amount is $100,000.00.