Fix & Flip Loan Program
Fix and Flip Loan Program
- When you need to close fast (Our average time to close is 7 days!)
- When the property needs renovations.
- When you need high leverage (We offer up to 85% LTV)
- When the property is not yet stabilized, leased up, or generating any income.
- When you can't provide verifiable income (no tax returns available).
- When you only want a short term loan with no prepayment penalty
Program Overview
- Loan Amount: $100,000 – $10 Million
- Term Length: 12 – 24 Months
- Max LTV: 80%
- Amortization: Interest only
- Interest Rate: Starting at 7.99%
- Closing Time: 15 to 30 Days
- Loan Use: Purchase, refinance, cash- out, construction, and renovation
Pro's Fix & Flip Loans
- High Leverage (up to 85% LTC)
- Quick closing in 7 Days
- Interest-only payments
- No Prepayment Penalty
- No Income Documentation
- No Minimum Credit Requirement
- No Experience Required (Yes, we lend to new borrowers)
What Do I Need To Qualify?
- Simple... A profitable project
- LTV: Up to 85% Loan to "As Is" Value and 75% "After Repair" Value
- Origination Fee: 1.50% - 2.50% of the loan amount
- Prepayment Penalty: None
Eligible Properties for Fix & Flip Loans
Single Family
Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., town homes, duplex’s, triplex’s, and quadplex’s. At World's Fair Capital, we lend to real estate investors looking to purchase, refinance, fix & flip, or buy in order to fix it then rent it out.
Multi Family
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At World's Fair Capital, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Mixed Use
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At World's Fair Capital, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.