Fix & Flip

Fix & Flip
OurPrograms below will be based upon the Integrity & Credibility of the Borrower
Loan Amount: Up to 1.25 Million
Term: 12 Months Initial Term
Interest Only: 10.99%
Property: Non Owner Occupied 1-4 family
Loan To Value: 90% LTV Purchase
Rehab Funds: 100%
Max After Repair Value: 75% ARV
No Pre-Payment Penalty
Nationwide:  Office Locations

LIEN POSITION:  First Mortgage Only
POINTS: Paid at Closing
CLOSING COSTS:  Paid at Closing
REQUIRED DOCUMENTS      1. FRL Loan Application
2. FRL Credit Authorization
3. Construction Cost Sheet
4. Appraisal – Credit Card Authorization
5. Copy of valid Soc. Sec. Card & Driver’s License
6. Bank Statements: Most recent 2 months supporting Cash Reserves, Down Payment, & Closing Fee’s.
7. LLC or Partnership: Proof of Publication, Articles of Organization, Operating Agreement, Member Resolution & Percentage of Ownership
8. 1 year proof of Home Owners Insurance
CLOSING Quick and Efficiently