100% Fix and Flip Financing 1-4 units 5-10 multifamily units Mixed Use Ground up Construction These Fix-to-Flip loans are perfect for the flipper who has a good excellent credit score of 620 and verifiable income cash flow. The unique benefit of this product is you can get a loan for 100% of the purchase price and rehab costs up to 65% of ARV keeping as much cash in your pocket as possible Our Lender will lend on multifamily up to 10 units and on mixed-use with at least 50% residential space. For ground up Constructions some experience with larger rehab projects required for this program. At least one project completed and a 660 credit score. Land must be purchased and the base must be poured with a building permit. No Down Payment Option 50 000 to 1 000 000 (1M)No prepayment penalty Rehab cost can be more than the purchase price. Total cost must be with in the given ARV. We can lend down to a credit score of 620 however our max loan would be 60% of ARV.Clients need at least a 660 credit score to qualify for 65% of ARV. FICO scores below 620 will need a co-borrower or guarantor. www.everlastingrealestatesolutions.com
Category: Real Estate - Commercial
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