Fix and Flip Loans for Multifamily and Commercial Property Rehabilitation and Resale
Fix and flip loans typically come in a variety of flavors, including:
Hard money loans, Cash-out refinancing (refinancing one property in order to fix and flip another), Home equity lines of credit (HELOCs), Investment property lines of credit (LOCs), Bridge loans, Permanent loans (including bank loans).
General Sample Terms For Fix and Flip Loans
Size: $50,000 to $2.5 million (individual loans), up to $10 million (lines of credit)
Terms: 12 months (extensions are typically available)
LTV/Leverage: 90% of purchase price, 95% of rehab, 75% LTV/ARV
Credit Requirement: 550+ (can vary significantly based on lender)
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