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.
Term | 12 months standard 18 month option case-by-case |
Rehab/Construction Financing | Up to 100% of rehab budget |
Maximum LTC (% of Purchase Price) | Up to 90% LTC |
Maximum Loan-To-Value(Ltv) | Up to 75% ARLTV |
When Do We Use Ltv Vs Ltc? | Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget) |
Recourse | Full Recourse Only |
Loan Amount | $50K - $3.5MM |
Loan Purpose | Rehab loan for non-owner occupied residential investment property |
Borrower Type | Entity required |
Property Types | Non-Owner Occupied: Attached or detached SFR 2-4 unit properties Townhomes Warrantable Condos |
Foreign Nationals | Not allowed from ineligible country list |
Minimum Experience | NO prior experience required |
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.