Fix and Flip & Fix and Rent Loans

Fix and Flip Single Loans to Purchase and Rehab a Single Property

Our lenders’ fix and flip loans for single properties feature:

Financing ranging from $500,000 and up

• 12-36 month terms

• Interest-only, fixed-rate payments

• Up to 90 percent LTV on property acquisitions

• Up to 100 percent of rehab costs

• Up to 75 percent of after repair value (ARV)

• Construction financing available

• Quick indications available for amount, LTV and rate

• Closings as quick as 21 days

Property types

• Single-family residences

• 2-4 unit residences,

• Condominiums

• Townhomes,

• Multifamily

• Mixed use

• Commercial

If your project involves horizontal construction on raw or entitled land, you may want to consider a commercial bridge loan.

Questions? Call or text 203-247-4358

Long-term Loans for Rental Properties

The rental financing programs are designed for investors looking to buy either stabilized or vacant properties and generate income from rentals. We have access to programs that lend based solely on the properties value (hard money) and to programs that focus on net operating income and property value.

Loans for Single Rental Properties Feature…

• 30-year fixed rates available

• Fully amortizing

• $500,000 and up

• Up to 70% LTV (80% for agency-eligible properties)

• Fannie, Freddie and FHA loans for multifamily and other commercial properties

• Property types: Single-family detached residences, 2-4 unit residences, condominiums, townhomes, multifamily, apartments, mixed use and commercial

Loans for a portfolio of rentals…

• Minimum 5 units

• 5 or 10 year with balloon due at end of term

• Up to 30 years amortization with interest-only options available

• $700,000 to $5,000,000 loan amounts

• Up to 75% LTV

• Property types: Single-family detached residences, 2-4 unit residences, condominiums, townhomes, multifamily, apartments, mixed use and commercial

Fix and Flip Lines of Credit to Purchase Multiple Properties

Our lenders’ fix and flip lines of credit provide the capital necessary for everything from acquisitions, to renovations on single and multifamily properties. These lines are uncommitted lines and each property funded under the line is subject to an appraisal. Our fix and flip lines of credit offer a number of benefits, such as:

• Lines ranging from $1 million to $50 million

• Up to 90 percent LTV on acquisitions

• Up to 100 percent of rehab costs

• Up to 75 percent of after repair value

• Terms up to 24 months

• Quick closings

• Competitive interest rates

• Pre-approval for line amount, LTV and rate

• Minimum 620 FICO credit score

• Property types: Single-family detached residences, 2-4 unit residences, condominiums, townhomes, multifamily and apartments

RECENTLY FUNDED Fix & Flip Loans by Speritas Capital

Check out more of our recently funded deals.