· Condominiums.
· Single-family residences.
· Two to four units.
· Multifamily homes.
· Townhouses.
· Other property types case by case
Fix-and-flip loans are short-term loans used by real estate investors to purchase and improve a property to then sell for a profit or refinance. These improvements range from minor renovations to a complete reconstruction of an existing home. The initial draw will be calculated based on the As-is Value of the Property and the renovation budget will be advanced in construction draws.
Max Loan Amount: $5,000,000
Term of loan: 12-18 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None
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MaxOut Funding
NMLS #1890873
150 S Pine Island Rd Suite 300 Plantation, FL 33324