Fix & Flip Loans
Purchase/Refi/Cashout
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SFH Individual - Fix & Flip
• Up to 90% LTC + 100% renovations with rates as low as 8.45% interest
• Loan amounts are as low as $75,000. Purchase price can be any amount, but total loan (90% LTC + renovations) must be $75,000 or greater with $100,000 ARV
• 12, 18 or 24 month loan term
• SFRs, portfolios, 2-4 plex, Condos, PUDs, Manufactured HomesRates, LTC, and terms are subject to borrowers FICO (min. 660), experience level, and property location
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SFR Individual - Purchase/Refi/Cash Out
• 5/1 ARM, 6/1 ARM, 10/1 ARM, & 30 yr. fixed
• 30 yr. am.
• Up to 80% LTV on purchase
• Up to 75% LTV on refi
• Rates as low as 6.125%
• 1.0 DSCR minimum
• ARV $100,000
• Stabilized & appraisal ready with tenants
• 90 day seasoningRates and terms are subject to lenders minimum requirements based on borrowers FICO, ARV, LTV, and property location
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SFR Portfolio - Purchase/Refi/Cash Out
• 5/1 ARM, 6/1 ARM, 10/1 ARM, & 30 yr. fixed
• 30 yr. am.
• Up to 80% LTV on purchase
• Up to 75% LTV on refi
• Rates as low as 6.5%
• 1.0 DSCR minimum.
• $100K ARV per door
• Stabilized & appraisal ready with tenants
• 90 day seasoningRates and terms are subject to lenders minimum requirements based on borrowers FICO, ARV, LTV, and property location
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Multifamily Portfolio - Purchase/Refi/Cash Out
• 2 to 4 units min. to 100+
• 5/1 ARM, 10/1 ARM, & 30 yr. fixed
• 30 yr. am.
• Up to 80% LTV on purchase
• Up to 75% LTV on refi
• Rates as low as 6.5%
• 1.2 DSCR minimum.
• $50K ARV & $600 rent min. per door
• Stabilized & appraisal ready with tenants
• 90 day seasoningRates and terms are subject to lenders minimum requirements based on borrowers FICO, ARV, LTV, and property location
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SFR3 Refi/Cash Out
Many investors purchase lower value properties to hold as long-term rentals. They buy $50K or less with cash. After stabilization, they achieve significant ROIs of 12%-15%. Once they are ready to refi, there are unable to find lenders offering long term loans for less than $100K ARV. As a result, they have capital invested indefinitely, unable to deploy on future projects. With REI Brokers, you can now roll your lower value properties into an SFR3 loan with a portfolio of a minimum of three SFR properties and re-invest your capital into new projects. This is a game changer for investors seeking to employ the BRRRR strategy for these types of assets.
• Rental Properties*
• 30 yr. fixed
• 30 yr. am.
• Rates as low as 7.2%
• Up to 75% LTV
• $50K min loan amount/$67K+ min ARV
• Stabilized & appraisal ready with tenants* Minimum three rental properties with $50K+ ARV per property and $700+ rent per door (based on market rent).
* Minimum 700 square feet per property.
*Properties may be vacant but must be turnkey/appraisal ready with signed leases on or before closing date.