Yes we can finance properties purchased at auctions, however, we will require an appraisal with interior access.
If you purchased with cash and are looking to refinance and/or add a construction loan, please go ahead and apply for the Fix and Flip loan.
If the property was purchased less than 12 months ago, to calculate the as-is value we will use the lower of: your appraised as-is value or purchase price.
More info on our loan products here: https://newsilver.com/hard-money-loans-fix-and-flip/