Fix and Flip Loan Program
Looking for funding for your next residential SFU (single-family 1-4 unit) or multi-family (5-8 unit) investment property? Consider a residential transition loan or RTL for your next fix-and-flip investment project. With our proven track record and local expertise,
As a direct private lender, Superb Business Capital is well-positioned to accelerate your success. With an automated loan process, approvals are quick and easy. And given our competitive rates for renovation loans, why shop around? We crunch the numbers and get the money into your hands sooner rather than later.
Click below to get a no-obligation quote on your next project.
Fix and Flip (Renovation) Loan Matrix
| Where We Lend | AL, AR, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MA, MD, MI, MN, MO, MS, NE, NH, NJ, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY |
|---|---|
| Loan Purpose | RTL Residential Rehab for SFU (Single-Family Unit 1-4) and Multi-Family (5-8 Unit) |
| Loan Amount Range | $85K + |
| Minimum Purchase Price | $85K |
| Loan Process | Paperless, automated and online |
| Assets | Sufficient to make downpayment, self-fund first phase of project, and start making loan payments. |
| PrePayment Penalty | None |
| Terms | Up To 12 months |
| Loan To Cost | Up to 90% of purchase and 100% on repairs |
| Max Loan To Value | Up to 75% of After Repair Value |
| Determination of Value | Appraisal ordered by Superb Business Capital using approved Appraisal Management Company (AMC) |
| Borrower | Loans are made to business entities (e.g., LLC, Corps, etc.) only -- not individuals |
| Credit Grid | No foreclosures in last four years, no open tax liens, and no bankruptcies discharged in the last two years. |
| Credit Score | Generally 640 or higher |
| Occupancy | Must be vacant |
| Income | Not required |
| Rehab | Must be performed by a licensed contractor |
| Repair Money | Repair money reimbursed to borrow in phases after work is completed |