Fix & Flip Loans

 · Short term loan typically 6 – 36 months

· Loan MUST have rehab component

· Purchase / Rate & Term Refinance / Cash Out Refinance

· Rehab budget must be provided to lender

           Have your GC provide the rehab budget for the project

· Rehab scope will be primary driver of ARV

· Rehab amount may dictate the structure of your loan

· Ensure you understand all aspects of the loan

           Down payment (based on Purchase Price or total loan amount)

           Is loan “Pay on what you draw” or full boat?

           Draw process

           Turn time to receive draw requests