Fast Fix Flip

Terms and Rates

LTV 55% - 65% of the ARV less costs, fees and improvements

  • Interest Rates: 14-18%
  • Amortization: Interest Only
  • Origination Fees: 4%
  • Legal Fees: $1500
  • Accounting Fee: $895
  • Inspection Fee: $250
  • Appraisal Fee: $375
  • Loan Size: Up to $500,000
  • Credit: Does Not Matter
  • Income: We Do NOT Care
  • Term: 12 months MAX, 3 months minimum
  • Prepay: 3 months minimum interest
  • Lender Area: All States
  • Hold back and reserves:
    • 12 months interest netted from proceeds
    • Closing costs netted from proceeds
    • Repair Costs

Example of a Deal

After Repair Value (ARV) $240,000
Purchase Price (PP) $100,000
Repair Costs $ 10,000

1.Will lend 60% of ARV $144,000
2.Reserves hold back $  23,040
3.Points $    5,760
4.Repair Costs $  10,000
5.closing costs $    3,000

Total $ 102,200
Purchase price $100,000

Cash Out after you
buy the house
$2,200

The Benefits

  • Purchase a house for ZERO out of your pocket.
  • You don't have to worry about making payments, we escrowed 12 months.