Fix and Flip Loans to 90% Loan-to-cost
LENDERLINE® is currently offering Fix and Flip to 90% Loan-to-Cost loans with the following guidelines:
- The property must be located in the State of California.
- SFR, PUD, and 2-4 units.
- Investment properties only.
- Must vest as an entity (corporation, LLC, etc.) and not as an individual.
- Up to 90% loan-to-cost and 75% after-repair LTV for SFR/PUD and experienced flippers.
- Up to 80% loan-to-cost and 70% after-repair LTV for 2-4 units and experienced flippers.
- Up to 70% loan-to-cost for first-time flippers.
- No first-time home buyers allowed.
- No employment is indicated on the loan application.
- No income is indicated on the loan application.
- No ratios are calculated.
- $150,000 minimum loan amount.
- $2,000,000 maximum loan amount (see guidelines).
- Choose your own contractor.
- Choose your own architectural design.
- No maximum repair cost.
- See underwriting for reserves requirements.
- Up to 24-month terms.
- No prepayment penalty.
LENDERLINE® is your fix and flip to 90% loan-to-cost lender of choice. fix and flip to 90% loan-to-cost loans are our specialty.
Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.