Fix-n-Flip Loans

The Private Commercial Finance & Capital Group, LLC has real options for real estate investors looking to rehab (fix and flip) single-family houses, 2-4 units or multifamily. The terms and rates listed in our guide are examples of what you could receive for your particular property. All loan programs, terms and rates are based on property valuation and borrower credit. Your first step is to review the underwriting guidelines for these loans. Download a free copy now.
THE FIX AND FLIP REHAB LOAN

Loan Use: This loan is available to real estate investors who buy single-family houses or 2-4 units that are in disrepair and fixes them up to sell on the market to an owner-occupant for an acceptable profit.

Minimum Loan Amount: None | Minimum FICO Mid-Score: 600 | Prepayment Penalty: None

Loans $75,000 or less are capped at 65% ARV. $500 Processing Fee paid at Closing.

Loan to Cost: 90% | Loan to Value: 70% | PCFC Group Fee: $750.00

Borrowers with a FICO of less than 680 qualify only for 85% LTC and 65% LTV.

Term: 13 months, Fixed Interest, Balloon Note | Interest rate is determined by experience (below)

Flips Completed

Lender Fee

Interest Rate

Interest Charged on Undrawn Construction?

0 to 1 in past 2 yrs

1.25%

12%

Yes

2 to 4 in past 2 yrs

1.25%

11%

Yes

5 to 9 in past 2 yrs

1.00%

9.99%

No

10 to 14 in past 2 yrs

1.00%

9.00%

No

15+ in past 2 yrs

1.00%

7.99%

No

THE MULTIFAMILY REHABBER (VALUE-ADD) LOAN

Loan Use: This loan is available to real estate investors who buy apartment buildings (5 units or more) that are in disrepair and fixes them up to sell on the market to another investor for an acceptable profit OR refinances into a permanent loan to hold.

Minimum Loan Amount: $250,000 | Minimum FICO Mid-Score: 670 | Prepayment Penalty: None

Maximum loan amount is $5,000,000.

DSCR: No “as-is” DSCR requirements | PCFC Group Broker Fee: $750

No “as-is” occupancy requirements. $500 Processing Fee paid at Closing.

Term: 2 Year Interest Only | Lender Origination Fee: 2.0% to 2.5% (Could be rolled into loan)

Types of Financing: Purchase/Rehab, Refinance/Rehab, or Cash Out

Max Leverage: 80% for Purchase/Rehab – 70% for Refinance/Rehab – 55% for Cash Out

Lending Areas: All major metros, sub metros, and small market areas. Non-lending areas include rural and high risk areas.

Rehab: Loan amount is based on total cost to include purchase price and rehab or refinance with payoff and rehab. Rehab can include minor/major renovations, upgrades and value add purchases.

Minimum Liquidity Requirement: Combined borrower liquidity must be 9 months worth of monthly debt service payments and 20% of the rehab budget.

Underwriting Criteria: Borrower must have experience in multifamily/commercial flips or ownership. Property must have the ability to stabilize and cash flow after rehab.

Borrower Liability: This is a full recourse loan. Each person within the borrowing entity must sign a personal guarantee for the loan.

Post Approval Deposit: This covers appraisals, environmental, inspection, and some additional lender due diligence. Remaining funds will be reimbursed if loan does not fund. Deposit requirement varies by loan size.

 

Level

Credit

Ownership/Experience

Interest Rate

Origination Fee

1

670 to 709

Moderate

10%

2.50%

2

710+

Strong

8.99%

2.00%


Be sure to download our most up-to-date loan guide using the button below!

DOWNLOAD OUR LOAN GUIDE


Dear Investor, feel free to review our loan programs listed in our program book. I think you will be excited by what we have to offer! After a review, download our loan application. I look forward to working for you! Feel free to call me at 804-658-7179 or send me an email message to troy@pcfcgroup.com.Troy Ross, Private Money Broker