Up to 90% of the purchase price and 100% of the rehab budget up to a maximum of 75% ARV. 

 

For new and experienced real estate investors, with deep expertise in Illinois and financing available in markets nationwide.

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Fix & flip financing can be a powerful tool when the deal, renovation plan, and exit strategy all work together. The right financing structure can provide the capital needed to acquire the property, complete the renovation, and preserve more of your available cash for the project.

 

The goal is simple: give you the capital and flexibility to execute your investment strategy.

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Is Your Project a Fit?

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Fix & flip financing is designed for investment properties where value can be created through renovation. We look beyond the purchase price to understand the entire project including, the property's current condition, renovation plan, after-repair value, your experience and exit strategy.

 

First project? That's not an automatic no. We welcome new investors as well as experienced investors building larger portfolios. What matters is whether the project, financing structure and team make sense.

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How Much Cash Will You Actually Need?

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Up to 90% of the purchase price and 100% of the rehab budget doesn't necessarily mean you only need 10% down.

 

Your total loan can also be limited to 75% of the property's after-repair value (ARV). The purchase price, renovation budget, and projected value all work together to determine the final loan amount.  Your contribution toward the purchase is also only part of the cash you'll need.

 

Investors should also plan for:

• Closing costs

• Required reserves

• Initial project expenses before rehab draws are reimbursed

• Contingency funds for unexpected renovation costs

• Any additional contribution required if the ARV limit reduces the loan amount

 

If 90% of the purchase price plus 100% of the rehab budget exceeds the allowable ARV limit, you'll also need additional cash to make up the difference.

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Getting to the closing table is only the beginning. You need enough liquidity to complete the project and execute your exit strategy.

 

Not Sure How Much Cash You'll Need?

Let's run the numbers before you make your offer.

 

A Good Deal Needs More Than One Exit

 

A successful fix & flip starts with realistic numbers. The purchase price, rehab budget, after-repair value, timeline, and exit strategy all have to work together. High leverage can help preserve your capital, but it can't turn a bad investment into a good one.

 

And every investor should have more than one exit strategy.

 

Selling the renovated property may be Plan A, but we also want to understand Plan B before you buy. If the property doesn't sell within the expected timeline, could you refinance the completed property and hold it as a rental?

 

That's one reason we look at more than the projected sales price. We can evaluate your current credit, the property's potential rental income, and the maximum refinance LTV you may qualify for to determine whether a refinance could be a viable second exit.

 

This can be especially important when you're flipping a property in an area with strong rental demand.  You may intend to sell from day one, but knowing whether you have a realistic refinance and hold option gives you another way out if the market changes.

 

Your rehab plan matters, too. Underestimating construction costs can quickly eliminate your profit and leave you searching for additional capital halfway through the project. And as your projects become larger or more complicated., your team may need to change with them. 

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The goal isn't simply to get the deal funded. It's to understand how you get into the investment and how you can get out if Plan A doesn't go according to plan.

Before You Make the Offer

Know your

• purchase price

• as-is value

• rehab budget

• ARV

• available cash

• timeline

• Plan A and Plan B

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Evaluating a property? Let's look at the financing and the potential exits before you're committed to the deal.

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