loan program
Fix & Flip Loan
Fix & Flip Loan
Ideal for a real estate intestor who wants to buy an under market value property, fix it up and then resell. We finance the purchase of a new property plus give 100% of the rehab funds! In just 7-10 business days, we can close a loan on the purchase of a new property and then finance all of the rehab expenses. This program allow a real estate investor to come up with minimal capital and save money to use toward the next investment project.
- Interest rate: 8%.
- Collateral: Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties.
- LTV: Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV.
- Term: 12 to 18 Months.
- In-house loan servicing & draws.
- Quick closing options.
- Minimum FICO: 620.
- Pre-Pay Penalty: N/A
About Us
Heights Finance Corporation is a private lender focused on investment purpose loans for the acquisition and development of residential, commercial, and land projects.