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Updated over 9 years ago on . Most recent reply

100% Fix/Flip Financing...
Yes, there's 100% fix/flip financing available but there is a slight catch....
It's only available in 3 states: CO (up and down the front range), DC & MN (in the twin cities)
Here are a few details:
- Up to 70% ARV
- 15% interest rate
- 5.25 points
- No profit sharing required
- CO & MN - 9 mo. term
- DC - 6 mo. term
- No PPP
- SFR 1-4 units only (no condos or townhomes)
- Min. loan amount: $50,000
- Borrower must be liquid
- No FICO requirement (rely on the report more than FICO; if there are concerns, LTV is lowered)
- 2-3 weeks closing time
Let me know if you have any additional questions or if there's interest. Thank you.
Offering