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How does a Fix and Flip loan work?
How does a Fix and Flip loan work?

more information about short term fix and flip loan

Ben avatar
Written by Ben
Updated over a week ago

Fix and flip loans are perfect for real estate investors who want to purchase, renovate and resell a property. Here is some more info:

Loan amounts: $100,000 to $3,000,000
Type of collateral: single family 1-4 units, multi-family up to 12 units

FICO: 650+
ARV: up to 80%
LTC: up to 85%
Term: 12 months with extensions possible
Construction financing: up to 100%
Expected turnaround time: instant approval, instant term sheet and proof of funds, 7 day close

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