Short-Term Investment Property Financing

Complete Suite of Products for Rehabbing Distressed Properties and Bridge Financing

FixNFlip Program Highlights
  • Financing for distressed properties that require rehab
  • Up to 90% LTC and 70% ARV
  • Low starting rates
  • Experienced investors pay interest only on disbursed funds and have non-recourse options
  • In-house construction management and servicing team
Bridge Plus Program Highlights
  • Interim financing for investment properties where a fast close is needed and minimal or no rehab is planned
  • Up to 75% LTC/75% LTV
  • Fast closing, exterior valuations only
  • Low starting rates
  • Non-recourse options available for experienced investors
Fix2Rent Program Highlights
  • One-time close for Fix2Rent®
  • 13-month interest only construction period converting to long-term rental loan once complete
  • High Loan Amounts
  • Up to 90% LTC and 70% LTV
  • Rates during the construction period are fixed rate and interest only on drawn balance
  • Rates for the rental loan float until conversion

FixNFlip/Bridge Plus/Fix2Rent® Loan Program Summary

FixNFlip Bridge Fix2Rent®
Purpose Buying distressed properties to rehab and sell Interim financing for properties that need little to no rehab Buying distressed property to rehab and hold as rental
Property Type Single-family, townhouses, 2-4 units Single-family, townhouses, 2-4 units Single-family, townhouses, 2-4 units
Term 13- and 19-month terms available 13- and 19-month terms available 13-month construction period converting to 30-year long-term rental loan, with requirements at time of conversion
Rate Options Interest only Experienced clients pay only on funds dispersed interest only interest only for the construction period, converting to prevailing rental loan rates
Loan Amounts Min $75K+ Min $75K+ Min $75K+
Max LTC/LTV Up to 90% LTC
Up to 70% LTARV
Up to 75% LTC Up to 90% LTC
Up to 90% LTARV
Prepay Penalty No prepayment penalty or minimum interest No prepayment penalty or minimum interest No prepay penalty or minimum interest during the construction period. 100bps exit fee if loan isn’t converted to a Lima One Rental loan.
Allowable Costs Hard and soft costs directly related to the loan can be financed. Costs that are not part of the actual construction cannot be financed (interest, loan fees, Realtor fees, etc.) Purchase or refi funds only Hard and soft costs directly related to the loan can be financed. Costs that are not part of the actual construction cannot be financed (interest, loan fees, Realtor fees, etc.)
Non-recourse Allowed for experienced clients. (Add 25-50bps to rate.) Typical bad-boy carveouts apply. Allowed for experienced clients. (Add 25-50bps to rate.) Typical bad-boy carveouts apply. Not allowed
Subordinate Debt Not allowed Not allowed Not allowed
Minimum FICO 660 660 660
Bankruptcy
Foreclosure
Short Sale
Deed in Lieu
None in the past 3 years None in the past 3 years None in the past 3 years

Finally, the funding you need. When everyone else says no, we say yes! Contact us to start your success plan today and you’ll never lack the funding you need to grow your business.
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