Crown Lending Solutions | Fix and Flip Financing

Fix and Flip Financing

Fix and Flip financing loans are a popular financing option for real estate investors engaged in the practice of buying distressed properties, renovating them, and selling them for a profit. These loans are specifically designed to provide quick and flexible funding for purchasing properties and covering renovation costs. Unlike traditional mortgage loans, fix and flip financing loans focus more on the property’s potential value after renovations rather than the borrower’s credit history or income. This makes them an attractive choice for investors with limited resources or less-than-perfect credit scores. With a shorter repayment period and tailored options to meet project needs, fix and flip financing loans offer investors the opportunity to maximize their returns and seize profitable opportunities in the real estate market.

Need Financial Support for Your Upcoming Fix & Flip Venture?

Crown Lending Solutions’ ARV Loan Program offers financing for up to 85% of the purchase price + 100% of renovation costs, not to exceed 70% of the after repair value.

Plus, Crown Lending Solutions only charges interest on your outstanding balance, not on the rehab holdback so you don’t pay for the funds you aren’t using.

LOAN CRITERIA

Collateral:

Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; 5+ Unit Apartments; Mixed-Use Properties

LTV:

Up to 85% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 70% of the ARV

Term:

12-18 Months

Minimum As-Is Property Value:

$50k for Single-Family

$25k per Unit for 2-4 Family

$35k per Unit for Multi-Family (5+)/Mixed-Use

Loan Amount:

$50k – $7.5M for 1-4 Family, Condos, & Townhomes

$250k – $10M for Multi-Family (5+)/Mixed-Use

Minimum FICO:

620

Rates

As Low As 10.24% (Interest Only Charged on Outstanding Balance)

Pre-Payment Penalty:

N/A

ARV LOAN PROGRAM TYPICAL LEVERAGE & RATES

New Investor

Completed up to 2 Flips in the Last 3 Years

INTERMEDIATE INVESTOR

Completed Between 3 & 5 Flips in the Last 3 Years

EXPERIENCED INVESTOR

Completed More Than 5 Flips in the Last 3 Years

LTV

Up to 80% of Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 65% of the After Repair Value

Up to 85% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the After Repair Value

Up to 85% of the Purchase Price + Up to 100% of the Renovation Costs: Not to Exceed 70% of the ARV