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Updated over 9 years ago on . Most recent reply

User Stats

289
Posts
31
Votes
Copelon Kirklin
  • Specialist
  • Kenner, LA
31
Votes |
289
Posts

100% Fix/Flip Financing...

Copelon Kirklin
  • Specialist
  • Kenner, LA
Posted

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

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