Fix And Flip
- Home
- Fix And Filp
Fix And Flip
Rates Starting at 8.75%
Marcus Mae Makes Bridge Loans Easy
Marcus Mae's flagship product is offered to you through the industry's most advanced table funding platform. Our Fix and flip loans provide you with a reliable funding source for your customers to purchase, renovate, and rent/sell homes consisting of 1-4 units.
Fix and Flip Terms
TERM
12 months standard
REHAB/CONSTRUCTION FINANCING
Up to 100% of rehab budget
MAXIMUM LTC (% OF PURCHASE PRICE)
Up to 90% LTC
MAXIMUM LOAN-TO-VALUE (LTV)
Up to 70% ARLTV
WHEN DO WE USE LTV VS. LTC?
Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget)
RECOURSE
Full Recourse Only
LOAN AMOUNT
$50K $3MM
LOAN PURPOSE
Rehab loan for non-owner occupied residential investment property
BORROWER TYPE
Entity required
PROPERTY TYPES
Non-owner occupied:
Attached or detached SFR
2-4 unit properties
Warrantable condos
FOREIGN NATIONALS
Not allowed from ineligible country list
MINIMUM EXPERIENCE
NO prior experience required