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 50 units

FICO: 650+ with 2 or more experience
ARV: up to 75%
LTC: up to 85%
Term: 12 months with extensions possible
Construction financing: up to 100%
Interest: 8-10.5%
Origination fee: from 1.875%
Expected turnaround time: instant approval, instant term sheet and proof of funds, 7 day close

Follow this link for more info: https://newsilver.com/hard-money-loans-fix-and-flip/

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