City Commercial Mortgage
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Construction

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Fix & Flip and New Construction Financing With Industry-leading Rates

One of the nation's largest and most trusted lenders is now offering short-term financing for residential real estate investors.

Fix & Flip Line of Credit*

  • Rates as low as 6.99%
  • Lines of credit up to $100MM
  • Funding up to: 90% of purchase price, 95% of rehab

Fix & Flip Single Loan*

  • Loans $50K - $3MM
  • No pre-payment penalties (3 months minimum interest)
  • Funding up to: 85% of purchase price, 90% of rehab

Vincent Schimmenti

Mortgage Advisor

NMLS-1048057

NYC: 212-564-1257

MIA: 305-961-1177

Financing up to 90% of construction costs for new construction!*

Financing for Real Estate Investors

FIX & FLIP LINE OF CREDIT FIX & FLIP SINGLE LOAN NEW CONSTRUCTION
Description Exposure line up to $100MM for experienced investors (1+ completed flip in the past 2 years) Single property loans for novice or experienced investors Ground-up construction for developers and investors
Loan Size $50K - $3MM $75K - $3MM
Term & Amortization 9 months, with an option for 3 months extension
Acquisition Financing Funding up to 90% of purchase price Funding up to 85% of purchase price Funding up to 75% of land value**
Rehab Financing Up to 95% of rehab costs, max 75% of ARV Up to 90% of rehab costs, max 75% of ARV Up to 90% of construction costs, max 75% ARV
Pre-Pay Penalty / Minimum Interest Charge No Pre-Payment Penalty 3 Months Minimum Interest
Borrower Individual, LLC, or Corporation
Credit 600+ 620+ 620+
Property Types Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, Multi-family properties up to 30 units, and Ground-up construction

Broker featured in this advertisement is not employed by Finance of America commercial LLC, and their affiliation with Finance of America Commercial LLc is limited exclusively to the commercial loan products they can offer through their broker relationship with Finance of America Commercial LLC.


* Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk-based factors. Application fees, closing costs, and other fees may apply. **Land must be already improved/developed for use(ie., ready for utilities and plumbing.) REV. 4.11.2017

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