/Hard Money Fix and Flip
Requirements and details
Hard Money Lender in Queens, Brooklyn, Bronx, SI, Manhattan
Loans to finance purchases and repairs for quick sales (also known as fix and flip)
Experience NA
Credit Score Minimum NA
Interest Rate NA
Points NA
Advance Rate On Purchase NA
Advance Rate On Rehab NA
ARV 65%
Property Types: Single Family, Multi Family, Mixed Use
Pre-Pay Penalty NA
Extensions NA
Blanket Loans NA
Loan Size $100K – $2M
Loan Terms 12 Mo., Borrowers must pay interest only monthly and the principal at maturity. We insist on a first mortgage position and personal guarantees from the borrower's principals. We request, as additional collateral, the equity position of the borrower’s principals in the borrower.