Short Term Fix ‘n Flip Financing
Short Term Financing product for LLC’s Redevelopment Projects. This product offers borrowers competitive terms for both Fix and Flip and Long Term Hold Rental properties, with the underwriting heavily focused on the after repair value (ARV).
- Maximum Loan Amount 100% ARV (Market Based)
- Up to 80% LTV of Acquisition Cost
- 6 month and 9 month balloon term options
- Five segment distribution schedule
- Single property and multi-property options
- 700+ FICO
- Eligible borrower(s) must be business entities
Debt-Service Coverage Ratio (DSCR)
Introducing the Debt Service Coverage Ratio (DSCR) product for LLCs. This product offers borrowers competitive terms for both short term and long term rental properties, with the underwriting heavily focused on the cash flow of the property.
- Minimum DSCR of 110%
- Up to 75% LTV
- 30-yr fixed and interest rate only options
- Short term rental options
- Single property and multi-property options
- 700+ FICO
- Eligible borrower(s) must be business entities
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