Lend | Financing

Fix&Flip Funing | Bridge Standard Loan

Qualification

Qualification

Qualification

0-4 flips in last 2 years
700 minimum FICO
No unresolved bankruptcy or filings within the last 24 months
No outstanding mortgage delinquency of 90 days or more
No felony convictions within the last 7 years
Personal Guarantee required
No bank statements or income verification required

Eligible Properties

SFRs
2-4plex
Condos
PUDs

Eligible Members

Corporation
General partnerships
Limited partnerships
Limited liability companies
Revocable trusts

Loan Terms

Qualification

Qualification

Minimum loan amount: $150,000
Maximum loan amount: $1,500,0005
12, 18, 24 month term with no prepayment penalty
Close in 15 business days or faster, pending full file completion and responsiveness of borrower
Even faster for repeat borrowers

Max Leverage

Up to 90% of purchase price
75% of After Repair Value (ARV) w/ holdback
Max rehab: $250,000

Fix&Flip Funding | Bridge Preferred Loan

Qualification

Qualification

Qualification

At least 5 completed flips in last 2 years
No bankruptcy filing within the last
24 months
No felony convictions within the last 7 years3
No outstanding mortgage delinquency of 90 days or more
Minimum FICO of 700

Eligible Properties

SFRs
2-4plex
Condos
PUDs
Manufactured Homes

Eligible Members

Corporation
General partnerships
Limited partnerships
Limited liability companies
Revocable trusts

Membership Documentation

Signed credit authorization form
Schedule of Real Estate Owned / List of

Past Projects

Signed spousal consent (if guarantor is married/separated and living in a community property state)
Entity documents
Voided check (for ACH)
Questionnaire, where applicable

Loan Terms

Qualification

Qualification

Purchase and refinance
Minimum loan amount: $150,000
Maximum loan amount: $3,000,000
12, 18, 24 month term with no prepayment penalty

Max Leverage

Up to 90% of purchase price
75% of After Repair Value (ARV) w/ holdback
Max rehab: $250,000

Rental Programs | DSCR

Qualification

Qualification

Qualification

Minimum FICO of 6600
Lease requirement 6+ months minimum
For properties with no lease or a lease term of less than 6 months, property income will be based on market rent.
For properties with a minimum 6 month lease term, property income is the lesser of lease amount or 100% market rent.
DSCR .8 minimum
Experience required. Must have taking out at least one mortgage prior
Prepayment penalty. 3-, 5-, and 7-year stepdown options
Non-owner occupied

Eligible Properties

SFRs
2-4plex
Condos
PUDs

Loan

Qualification

Qualification

Loan Terms

Minimum loan amount: $75,000
Maximum loan amount: $2,000,000
Up to 80% of purchase price

Loan Options

5/1 ARM3 (fully amortizing)
7/1 ARM3 (fully amortizing)
30-Year Fixed
Interest-only (10 years interest-only, 20 years fully amortizing)

Loan Programs

New purchase
Refinance a property you own
Cash out refinance by tapping into equity at low rates with flexible terms.