Fix and Flip Loan
- STARTING RATE
9.75%
*
In search of short-term financing to fund your next flip? CIVIC’s fix and flip loans allow you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible.
Key Facts About Our Fix & Flip Loans
- NO prior experience required
- Extensive rehab financing available (budgets > 50% of total costs)
- Financing for up 100% of renovation expenses
- Foreign Nationals eligible
Term | 12 months standard 18 month option case-by-case |
Rehab/Construction Financing | Up to 100% of rehab budget |
Maximum LTC (% of Purchase Price) | Up to 90% LTC |
Maximum Loan-To-Value(Ltv) | Up to 75% ARLTV |
When Do We Use Ltv Vs Ltc? | Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget) |
Recourse | Full Recourse Only |
Loan Amount | $50K - $5MM |
Loan Purpose | Rehab loan for non-owner occupied residential investment property |
Borrower Type | Entity required |
Property Types | Non-Owner Occupied: Attached or detached SFR 2-4 unit properties Townhomes Warrantable Condos |
Foreign Nationals | Not allowed from ineligible country list |
Minimum Experience | NO prior experience required |
Over $8 Billion in loans for Real Estate Investors
Why Choose a Fix & Flip Loan?
- Fix & Flip loans are great for renovation projects, big or small.
- Grow with CIVIC: As you fund more property loans with us and gain experience, your terms may improve.
- Extensive Rehab financing is available for larger Fix & Flip projects.
