Renovations
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