Fix & Flip Financing
Obtain financing for up to 90% of the purchase price + up to 100% of the renovation costs with rates starting as low as 7.74%
LOAN CRITERIA
Collateral:
Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes
Rates:
Starting at 7.74%
Interest Only Charged on Outstanding Balance
Term:
12 Months
Loan Amount:
$50K–$2M
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Costs
(Not to Exceed 75% of the After Repair Value)
Property Value:
“As-Is” Appraised Value Must Be Greater Than $50k
Credit Score:
620 Minimum Experience: Prior Real Estate Investing Experience Not Required
But Affects Leverage & Pricing
APPLY TODAY!
Gretchen Guarino and Dave Guarino
Magis Funding Solutions LLC
716-544-2932
gretchen@magisfunding.com & dave@magisfunding.com
www.magisfunding.com
Fix & Flip Financing
Fast Financing that Fits Your Real Estate Investments
| New Investor | Intermediate Investor | Experienced Investor | |
|---|---|---|---|
| Experience | Completed 0–2 Flips or Owned 0–2 Rental Properties in the Last 3 Years | Completed Between 3 & 10 Flips or Owned Between 3 & 10 Rental Properties in the Last 3 Years | Owned 10 or More Investment Properties (Flips and/or Rentals) in the Last 3 Years |
| LTV | Up to 80% of the Purchase Price + 100% of Renovation Costs;Not to Exceed 70% of the After Repair Value | Up to 90% of the Purchase Price + 100% of Renovation Costs; Not to Exceed 75% of the After Repair Value | Up to 90% of the Purchase Price + 100% of Renovation Costs; Not to Exceed 75% of the After Repair Value |
| Rates | Starting at 10.49% | Starting at 8.49% | Starting at 7.74% |