Fix and Flip Line of Credit Worth 5X Your Liquidity!

[Alex Bekeza]

Completed 5 or more flips in the last 2  years?

Ready to scale up your flipping and new construction business?

Have a FICO of at least 700?

We have an incredibly helpful tool.  We have a Line of Credit for experienced and active flippers which is typically worth 5 times your liquidity.  Higher LTVs and Lower Rates than Hard Money.

 Fix & Flip:

• Rehab Fix & Flip Recourse
• We fund up to 90% acquisition
• We fund up to 90% rehab budget
• We fund 75% LTV/ARV
• We will fund the lower of the acquisition + rehab OR LTV/ARV whichever is lowest
• You will call Granite which is the 3rd party inspector once you have completed portions of your budget and are ready for your inspection and release of some funds. Please note; you must have line item 100% completed in order to receive the 90% maximum of that line item draw
• You will be charged interest payments on the entire funding “Acquisition + Hard Costs to Build”. We do not do balance accrual at this time.
• Please note you will fund your initial hard costs we will reimburse work completed

Please know for Fix & Flip and New Construction:

• Multi-Family/Mixed Use
• We fund up to 80% acquisition
• We fund up to 80% rehab
• We fund up to 70% LTV/ARV
• We will fund the lower of the acquisition + rehab OR LTV/ARV whichever is lowest
• Please note: Multi-Family/Mixed Use properties will be constrained to a loan amount equal to the lower of calculated cash flow, cost or valuation requirements. Mixed use properties with average individual residential units valued greater than $250,000 per unit are not required to meet cash flow requirements, however are subject to cost and value requirements.

Reach out to me via email or my cell and let's chat about how this LOC can help you take your business to the next level.

In order to qualify be prepared to answer the following:

• Fico – highest mid fico of all borrowers within the entity
• Liquidity = cash in checking/business accounts + 70% retirement, stocks, bonds, 50% unused HELOC on a primary residence
• Net worth – equity in real estate + cash
• Experience – how many flips and spec builds have you done in the last 24 months can you document that you were the seller on the closing statement? How many current active rentals do you own?