Frequently Asked Questions

Beginner Fix and Flip
Bridge
Brokers
Conventional
Draw Process
DSCR
Fix & Flip
New Construction

How do you determine my rate, leverage and loan terms for a Fix and Flip loan?

Rates and leverage are dependent on risk. Risk is measured on flipping experience, credit, loan details, and loan term. You are able to set your loan term from 6-18 months. The rate and allowable max leverages will be determined on a number of factors including credit profile, experience and project size. Get started today to find out where you qualify. It just takes a couple minutes to submit your application!

What if I finish my Fix and Flip project early?

Great- there is no pre-payment penalty, so you can pay-off the loan at anytime, without incurring additional fees. Your interest is simply calculated by the days you hold the loan before payoff.

Can I extend my Fix and Flip loan?

Generally, yes. However, approval of an extension is considered with a few factors including but not limited to, on-time payment history, project status, etc.

What if my credit is below 640?

For Bridge and Fix and Flip loans, we can look at exceptions down to 600 with compensating factors such as experience and additional guarantors.

Do you lend to first-time flippers?

Yes! We love helping first-time flippers. In fact, many of our expert flippers started their first flip financing with us. With 4,000+ loans closed, we are here to help you with any questions you have including budget reviews, property valuations, and profitability analysis. Our goal is to make your flip a financial success for you!

How do your draws work?

Our draws are generally reimbursed in 3-5 business days from the time of request. If you are using our draw app, you may receive them in as little as 24 hours. To make sure your draws are on time, you must be current on your loan. We pay draws on a reimbursement basis only based on your rehab budget and work completed on the property, so no receipts are necessary!

Do you escrow taxes and insurance?

All of our DSCR loans require taxes and insurance to be escrowed, and paid monthly with our payment.

Our Bridge, Fix and Flip and Ground Up Construction loans do not require escrows.

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