In search of short-term financing to fund your next flip? Freedom Legacy Lending's fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible.
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Fix & Flip Loan
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LOAN PURPOSE
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Fix & Flip Loan
Rehab loan for non-owner occupied residential investment property
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LOAN AMOUNT
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Fix & Flip Loan
$50K - $5MM
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TERM
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Fix & Flip Loan
12 months standard,
18 month option case-by-case |
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BORROWER TYPE
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Fix & Flip Loan
Entity required
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MINIMUM EXPERIENCE
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Fix & Flip Loan
NO prior experience required
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MAXIMUM LOAN-TO-VALUE (LTV)
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Fix & Flip Loan
Up to 70% After Repair Value (ARV) LTV
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Maximum LOAN-TO-COST (LTC)
Cost is purchase price amount |
Fix & Flip Loan
Up to 90% LTC
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WHEN DO WE USE LTV VS LTC?
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Fix & Flip Loan
Generally, we use the lesser of LTV or LTC calculation
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REHAB/CONSTRUCTION FINANCING
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Fix & Flip Loan
Funding up to 100% rehab budget up to % Approved LTV of Total Costs
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FOREIGN NATIONALS
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Fix & Flip Loan
Not allowed from ineligible country list
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PROPERTY TYPES
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Fix & Flip Loan
Non-Owner Occupied:
- Attached or detached SFR - 2-4 unit properties - Townhomes - Condos |
DISCLAIMER: Programs not available in the following states: Arizona, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah, Vermont and West Virginia. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval.