Fix & Flip
Offering up to 90% Purchase & 100% Rehab
As the leading lender in direct private financing, First Rehab lending specializes in Fix & Flipping investment properties for a Real Estate Investor. Our program offers financing for purchasing a property as well as the construction funds to fix the property. With a max 90% acquisition, 75% ARV you have the comfort of First Rehab Lending financing 100% of the construction.
With our Fix and Flip, Buy & Hold, Multi Family & New Construction programs First Rehab Lending will give you an opportunity to make an easy profit while revitalizing neighborhoods.
Property: Non Owner Occupied 1-4 Family
Term: 12 Months Initial Term
Loan Amount: 100,000 to 1.25 Million
Interest Only Starting at: 8.99%
Loan to Value: Up to 90% Purchase
Rehab Funds: 100%
Max After Repair Value: 75% ARV
No Pre-Payment Penalty
| LIEN POSITION: | First Mortgage Only |
| STANDARD TERM: | 12 Months |
| POINTS: | Paid at Closing |
| CLOSING COSTS: | Paid at Closing |
| REQUIRED DOCUMENTS | 1. FRL Loan Application 2. FRL Credit Authorization 3. Construction Cost Sheet 4. Appraisal – Credit Card Authorization 5. Copy of valid Soc. Sec. Card & Driver’s License 6. Bank Statements: Most recent 2 months supporting Cash Reserves, Down Payment, & Closing Fee’s. 7. LLC or Partnership: Proof of Publication, Articles of Organization, Operating Agreement, Member Resolution & Percentage of Ownership 8. 1 year proof of Home Owners Insurance |
| CLOSING | Quick and Efficiently |