Fix And Flip Loans

At Speritas Capital Partners, we provide custom financing solutions to residential property investors. We understand the challenges facing investors that are undertaking residential fix and flip projects, and the need for a reliable source of working capital to ensure success at every stage. We offer a variety of programs that fit first-time fix and flip investors and experienced investors.

 

Fix and Flip Single Loans to Purchase a Single Property

  • Financing ranging from $50,000 up to $10 million
  • No prior experience required
  • 9-15 month terms
  • Interest-only, fixed-rate payments
  • Up to 90 percent LTV on property acquisitions
  • Up to 95 percent of rehab costs
  • Up to 75 percent of after repair value
  • No prepayment penalties
  • Closings as quick as 14 days
  • Pre-approval available for amount, LTV and rate
  • Minimum 600 FICO credit score
  • Property types: Single-family detached residences, 2-4 unit residences, condominiums, townhomes, and Planned Urban Developments

Fix and Flip Lines of Credit to Purchase Multiple Properties

Our fix and flip lines of credit provide the capital necessary for everything from acquisitions, to renovations on single and multifamily properties, and even staging. We offer fast closings and the most favorable terms and rates, without the red tape of traditional lending channels. Our fix and flip lines of credit offer a number of benefits, such as:

  • Lines ranging from $250,000 up to $10 million
  • Up to 90 percent LTV on acquisitions
  • Up to 95 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, Planned Urban Developments, and multi-family 5-20 units

Fix and Flip Loans for Rentals (Fix and Rent)

Our fix and rent programs are designed for investors looking to improve a property and then rent it out. We can also offer long-term financing for rental properties.

Loans for single rentals:

  • 30-year fixed
  • Full amortization
  • $75,000 to $750,000 loan amounts
  • Up to 80% LTV
  • Minimum 660 FICO credit score
  • Property types: Single-family detached residences, 2-4 unit residences, condominiums, townhomes, and Planned Urban Developments

Loans for a portfolio of rentals:

  • Minimum 7 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
  • Minimum 660 FICO credit score
  • Property types: Single-family detached residences, 2-4 unit residences, condominiums, townhomes, Planned Urban Developments, and multi-family 5-20 unit

Get Started With Speritas Capital Partners

How does the process work? First, Speritas provides you with quotes and terms from one or more lenders. Once you accept an offer, the selected lender then orders credit checks, appraisals, and other due diligence. When everything is confirmed, Speritas will review final loan terms with you, and then you, Speritas Capital, and the lender schedule closing.

Our team specializes in financing commercial real estate transactions and projects. The experts at Speritas Capital Partners will work with you to structure a solution that meets your needs, so that you have the capital necessary to complete your fix and flip projects quickly and efficiently. Contact our offices today to get started.