Investor Renovation Loans-The Fix and Flip

Whether you’re already a successful real estate investor, or getting ready to buy your first investment property, give us a call, we’ve been there, done that. We’ve been financing real estate for decades and we are not just mortgage brokers, we are consultants that will navigate you through the loan process from start to finish.

Residential 1 – 4 Units

Renovation Loans-The Fix and Flip

The Fix and Flip loan program is designed to purchase investment properties from 1 to 4 units in need of renovation to enhance the value, which will be sold or held as a rental property for the Investor.

Terms are typically 12 months with interest only payments and no prepayment penalty. Minimum loan amount is $50,000. Eligible property types include non-owner occupied 1 to 4 unit residential properties, townhomes and condos. Rates are subject to verified investor experience, credit score (Minimum of 600) and loan amount. Give us a call for details.

Program Highlights

85% / 90% of Purchase Price and 100% of Rehab Cost to 75% of ARV:

Loan Amounts: $50,000 to $3,500,000
Loan to Value: 75% after repair value
Interest rates: Depends on borrower profile
Loan Term: 12 months
Payments: Interest only payments
Payments: Interest only payments
Lien Position: First only
Prepay: none

Rental Property Loan Long Term Hold

This program is a low documentation loan, perfect for purchase, refinance including cash out, after renovation is complete. Program qualification is based on property income, credit score, LTV or ARV after 90 days in title.

NO TAX RETURNS, W2’S OR PAYSTUBS.

Term Length: 30 Year, Fully Amortized
Interest Rate (ARM): 5.750% – 9.900%
Property Types: SFR 1-4/PUDs/Condos

SINGLE PROPERTY & PORTFOLIOS

Minimum Loan Amount: $75,000
Maximum Loan Amount: $1,500,000
Maximum ARV: 75%
Minimum Credit Score: 600
Debt-to-Income for Borrower: None

Loan proceeds are for investment properties only and may not be used for personal, family or household purposes. TurnKey Capital Funding does not provide consumer loans.

Information Needed at Time of Loan Application.

Completed Application
Purchase Contract
Scope of Work/ Budget Form
Valid ID for each member
Investor Experience/ Schedule of Real Estate Form
Purchase and sale agreement for the property, if already under contract
Banks Statements – 2 months of most current and consecutive statements of accounts for liquid assets
Entity Documents – Articles of Organization, Certificate of Good Standing, Executed Operating Agreement
Insurance policy quote for the property
Contact information for closing attorney or title company

Please Click Here to submit your investment opportunity for review or give us a call for a free consultation

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