FINANCING FOR REAL ESTATE INVESTORS
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FIX & FLIP LINE OF CREDIT |
FIX & FLIP SINGLE LOAN |
NEW CONSTRUCTION |
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Description
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Exposure line up to $100MM for experienced investors (1+ completed flip in the past 2 years)
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Single property loans for novice or experienced investors
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Ground-up construction for developers and investors
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Loan Size
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$50K - $3MM
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$75K - $3MM
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Term & Amortization
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9 months, with an option for 3 months extension
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Acquisition Financing
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Funding up to 90% of purchase price
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Funding up to 85% of purchase price
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Funding up to 75% of land value**
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Rehab Financing
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Up to 95% of rehab costs, max 75% of ARV
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Up to 90% of rehab costs, max 75% of ARV
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Up to 90% of construction costs, max 75% ARV
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Pre-Pay Penalty / Minimum Interest Charge
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No Pre-Payment Penalty
3 Months Minimum Interest
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Borrower
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Individual, LLC, or Corporation
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Credit
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600+
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620+
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620+
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Property Types
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Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, Multi-family properties up to 30 units, and Ground-up construction
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Broker featured in this advertisement is not employed by Finance of America commercial LLC, and their affiliation with Finance of America Commercial LLc is limited exclusively to the commercial loan products they can offer through their broker relationship with Finance of America Commercial LLC.
* Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk-based factors. Application fees, closing costs, and other fees may apply. **Land must be already improved/developed for use(ie., ready for utilities and plumbing.) REV. 4.11.2017
