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Think Outside The Bank.

1.303.292.0390 no obligation consultation

Fix & Flip

We offer rehabilitation loans suitable for the real estate investor, and troubled property owner who need make repairs in order to sale a property. The property is used as collateral for loans for the short-term residential renovation projects. This is how it works. Loan proceeds will be held in escrow and released in draws as your contractors complete the renovations and there is no prepayment penalty. We provide a “proof of funds” letter for your contractor.

Loan Specifications, Requirements and Features
Property Residential 1-4 Family, non-owner occupied. Small apartment and condo conversions on a case-by-case basis.
Lien Position  First mortgage only
Loan Term  6 Months
Advance Rate  Options up to 100% of project costs.
Minimum Loan Amount $25,000
 Loan-to-Value  Up to 65% of After-Repaired Value.
Renovation Funds 100% of renovation funds are typically advanced in 1 to 4 draws. Once inspector certifies work is done, funds are wired within 24 hours directly to the investor’s account.
Credit Score  660+
Required Documentation • Deal Submission Form
• Purchase Agreement (signed by both parties)
• Summary of Rehab Work to be Completed
• Pictures of the Rehab Property
• Home Inspection
• 3 Months of Bank Statements
• 2 Years of tax returns
• 3 Most Recent Pay Stubs
• Signed 4506-T
Guarantee  Personal guarantee required, close in name of business entity.
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