FIX & FLIP FINANCING

We offer financing on Fix and Flip homes and apartments. (Loans cannot be for owner-occupied use)  Private money is used on non-bankable properties.  The properties must be non-owner occupied. 

For approval of an interim loan, please forward the following:

Rate and Terms:

We may consider 100% financing  of acquisition after first loan is paid in full.

Example:

$100,000  Appraisal
    60,000  Acquisition Price
    15,000  25% cash down
    45,000  loan amount
    46,350  note amount (3 discount points)

$  463.50 monthly interest at 12% per annum

$    6,000 cash down   

      2,700  6 points
         450  underwriting fee
         300  processing fee
         ___  doc prep - varies by state
$     4,250  estimated costs from borrower

$  10,000  rehab costs - example
$  25,750  profit if sold by owner

Call or email Ron Heinze with loan request.