1-(407) 615-6005 richard@newversecapital.com

Fix and Flip Loans

Explore Our Friendly Approach to Custom Fix and Flip Financing!

NewVerse Capital is a premier direct lender specializing in fix and flip loans and other real estate investment financing solutions. Our mission is to help real estate investors and developers achieve their property goals with ease, navigating the complexities of the market. As experts in fix-and-flip financing, we understand the fast-paced nature of property investment and provide tailored solutions that support the successful renovation and resale of real estate.

 

With a data-driven approach and a team of experienced professionals, we offer quick and reliable funding options for your property flipping projects. Whether you’re looking for a short-term loan or a customized solution for your fix and flip projects, NewVerse Capital is here to ensure you capitalize on every opportunity with confidence. We also offer ground-up construction loans, rental property financing, and commercial real estate loans, helping you maximize your investment portfolio.

Key Features of NewVerse Capital’s Fix and Flip Loan Program

  • Loan Term:

    • Standard term: 12 months
    • 18-month option available on a case-by-case basis

  • Rehab/Construction Financing:

    • Up to 100% of the rehab budget covered

  • Maximum Loan-To-Cost (LTC):

    • Up to 90% LTC (percentage of the purchase price)

  • Maximum Loan-to-Value (LTV):

    • Up to 75% ARLTV (After Repair Loan-To-Value)

  • LTV vs LTC:

    • LTC is typically used for projects where the purchase price is lower than the rehab budget (lopsided projects)

  • Recourse:

    • Full recourse only

  • Loan Amount:

    • Ranges from $50K to $3.5 million

  • Loan Purpose:

    • Rehab loan for non-owner occupied residential investment properties

  • Borrower Type:

    • Entity required (LLC, corporation, etc.)

  • Eligible Property Types:

    • Non-owner occupied:
      • Attached or detached Single Family Residences (SFR)
      • 2-4 unit properties
      • Townhomes
      • Warrantable Condominiums

  • Foreign Nationals:

    • Not allowed from ineligible country list

  • Minimum Experience:

    • No prior experience required
  • Borrower Type:
    • Entity required (LLC, corporation, etc.)

  • Eligible Property Types:

    • Non-owner occupied:
      • Attached or detached Single Family Residences (SFR)
      • 2-4 unit properties
      • Townhomes
      • Warrantable Condominiums

  • Foreign Nationals:

    • Not allowed from ineligible country list

  • Minimum Experience:

    • No prior experience required
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