Fix and Flip Lending Parameters
Most mortgage lenders only take into consideration the purchase price when looking to finance a Fix & Flip transaction; we will look further into the deal to determine the current market value from which to base our company’s loan. In addition we can also provide necessary funds to make needed repairs and upgrades and can also consider the property’s ARV (After Repaired Value) when determining our final loan amount.
Our company’s LTV’s go up to 70% under certain circumstances. If the property is purchased at a substantial discount from current market value the need for Borrower funds contribution can be waived.
If substantial improvements and repairs are contemplated to be made by our Borrower a fund control might be necessary to assure that scheduled property improvements are made and that they comply with required building codes general building standards. This service our company provides protects all parties and assures that all work is done properly and is up to building codes. Fix and Flip Lending Parameters