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What states do you currently lend in?We currently lend in Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Iowa, Idaho, Kansas, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, Texas, North Carolina, South Carolina, Utah, Virginia, Wisconsin.
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What properties do you lend on for Fix and Flip loans?Single Family 2-4 Units
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What are your rates?Please contact us at 409-735-6267 for our rates. Our trusted representatives can help determine which of our loan products would be the best fit for you.
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Will you finance repair costs?Yes. We will hold the repair amount in escrow and release the money in escrow draws as the repairs are completed.
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What is the minimum credit score required to get a Fix and Flip loan?We require a minimum FICO score of 600.
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Will you finance a house I want to live in?No, we only provide loans for non owner-occupied properties.
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Do you lend to companies?We allow real estate investors to purchase properties as a business entity.
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How do you handle funds for property repairs?At closing, the repair funds for a property will be held in escrow for release in draws. We do require that the borrower have 25% of the repair costs in liquid assets, so that the repairs can begin. The borrower will submit an escrow draw request, and within 24 hours, one of our loan servicing specialists will review the request. The funding is usually released within 48 hours after the request, as long as adequate documentation has been provided.
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What are the minimum and maximum loan amounts you provide for Fix and Flips?Our loan amounts have no minimum and can go up to $1MM (with exceptions).
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What Metropolitan areas do you lend in?We work with real estate investors in all corners of every State we lend in including Dallas-Fort Worth, Houston, Atlanta, Miami, Tampa, Denver, St. Louis, Orlando, Charlotte, San Antonio, Austin, Kansas City, Indianapolis, Nashville, Jacksonville, Milwaukee, Raleigh, Oklahoma City, Memphis, Louisville, Salt Lake City, Birmingham, Tulsa, Greenville, Knoxville, Sarasota, McAllen, El Paso, Charleston, Fort Meyers, Boise, Winter Haven, Greensboro, Colorado Springs, Little Rock, Des Moines, Provo, Ogden, Daytona, Winston Salem, Madison, Wichita, Augusta, Fayetteville, Chatanooga, and many many more.
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