FIX AND FLIP LOANS

Depending on the amount of funding required, fix and flip loans may be structured as a term loan or line of credit. We utilize the loan-to-value ratio or after-repair value to calculate how much money you're eligible to get for your loan.

The loan-to-value ratio, also known as LTV, compares the size of your loan to the property's value. For fix and flip loans, the maximum LTV that can be offered is normally 90%. For instance, if you want to buy a $100,000 property, Loans For Flips will offer you $90,000 at a 90% LTV. The remaining $10,000 is required as a down payment from you.

LTV is typically utilized for conventional commercial real estate loans, however fix and flip loans are more likely to employ after-repair value, or ARV. The ARV is the appraiser's best guess as to the property's value following modifications.

For instance, if the lender offers 70% of the ARV, we will only finance up to $140,000 on a house that will be worth $200,000 after renovations. A lender that based its loan amounts on ARV typically allows you to borrow more money.

We offer up to 75% ARV and 100% financing for everything from purchase price and closing costs to monies to use toward rehab.

Secure Loan Application Process

Loans For Flips offers a state-of-the-art and secure loan application to our customers, so you can put your mind at ease. 

Our application is 100% secure, provides 256-bit encryption, and is easy to complete.

The fastest way to get started is to contact us today!