Residential Fix/Flip Loan Program

Loan Limits

$50,000.00 – $5,000,000.00

Guarantee

Personal Guarantee

Documentation Type

Lite Documentation (Tax Returns on a Case by Case Basis)

Loan Types

Purchase & Rehab (Flix/Flip & Fix/Hold)

Maximum LTV

70% Purchase – 100% Rehab (No Experience) Up to 75% ARV
90% Purchase – 100% Rehab (Min 3 Project) Up to 75% ARV

Occupancy Type

Investor Only

Eligible Locations

Nationwide

Property Types

SFR, 2 – 4 Units, Condos, Townhouses
PUD Homes, 5 - 10 Units

Interest Rate

7.5% - 11.99%

Credit Minimum

600

Loan Points

2.0% - 5.0%

Term

12 – 18 Months (I/O)

Prepay

None

Due Diligence Deposits

Appraisal Required
Due Diligence Costs Due During Underwriting

Submission Requirements

Application 1003 Form
Exterior Color Photos
Rehab Budget with Draw Schedule
Credit Report, three bureaus with scores
Authorization for Credit Information

The Continental Finance Difference

Closings in 30 - 45 Days
Cross Collateralization Allowed (case by case)
Flexible Underwriting
We Make Loans Happen