(800) 994-0684
info@superiorbusinesslending.com
1532 West Wolfram Street
Chicago, IL 60657
Fix & Flip
We recognize that real estate investors might have a hard time obtaining financing for fix and flip or buy and hold deals, and so our goal is to help investors obtain capital to fund these deals.
Loans from $50k to $2.5M+ can be used for:
- Straight Acquisition
- Acquisition and Rehab
- Refinance
- Cash-Out
Loan Programs
| Lending Criteria | Residential Fix and Flip (Rehab Cash Now) | Residential Fix and Flip (ARV) | Residential Buy and Hold</th> |
|---|---|---|---|
| Term | 12 Months | 12 Months | 18 Months |
| Loan Amt. | $50k to $2.5M+ | $75k to $2.5M+ | $50k to $2.5M+ |
| LTV | Up to 85% of the purchase price; Up to 65% Refinance; Up to 50% Cash-Out | Up to 85% of the purchase price + up to 100% of renovation costs; Not to exceed 75% of the ARV | Up to 85% of the Purchase Price; Up to 65% Refinance; Up to 50% Cash-Out |
| Property Types | Non-owner occupied 1-4 family residential | Non-owner occupied 1-4 family residential | Non-owner occupied 1-4 family residential |
| FICO | No set minimum | 600 minimum | No set minimum |