100% Financing on Fix and Flip

[Hip Rodriguez]

Are there any lenders out there that would allow the down payment on a flip to come from a personal loan or credit card?

[Brian Dally]

Via private message, I followed up with @Jason D. to hear more about his experience as a borrower with Groundfloor. No lender is perfect, and as any experienced investor will vouch there are plenty of opportunities for things to go wrong with a transaction

In this case, the root cause of Jason's frustration was a personnel problem in our closing department that we've long since resolved. When things go wrong, we listen and take action to improve it. I hope he'll give us a second try and that those of you reading this won't be dissuaded from using us on 

Factually, it isn't correct that we require a 20% down payment and only offer 9-month terms. Any borrower with 4+ transactions qualifies for 90% LTC financing and all have the option of rolling points into principal, deferring monthly payments, and avoiding the complications of a personal guaranty.