Fix & Flip

Fix & Flip loans are short-term loans used to purchase and improve a property to then sell for a profit. These loans not only allow the borrower to make a quick return on their investment, but they also help improve communities. Pacific Equity & Loan is happy to provide capital for such loans along with low rates and flexible terms.

Our Fix & Flip loans allow the borrower to invest as little as 15%. We offer up to 85% of the borrower’s purchase price and 100% of the renovation cost with as little as a 6.5% interest rate.

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Fix & Flip

Product highlights

BASIC INFORMATION ON OUR FIX & FLIP LOANS

  • Terms: 6-24 months
  • Interest Accrual Method: Dutch
  • $75k min. loan amount (purchase + repairs),
    max. loan amount $3MM
  • Up to 85% LTC and 75% LTARV
  • Interest rate starts as low as 6.5%
    *Subject to underwriting approval
  • Origination fee starts as low as 2pts
    *Subject to loan terms
  • $150 Fee per Repair Draw
Quick and Easy

CREDIT APPROVAL REQUIREMENTS

2-3 DAY TURNAROUND TYPICALLY FOR CREDIT AND PROPERTY APPROVAL

600 Credit
Minimum
Credit Score
Bank Statements
Bank Statements

Must have 3 mo. interest payments

2+
HUDs in Experience
Drivers License
Driver’s
License
Loan Application
Loan
Application
Start Loan
Documents

What We Need From You To Process

We need a few documents from you to in order to process your loan, if you have these ready to go it will speed up the process and get your loan closed quicker.

Full Appraisal

Itemized Repair Budget

On our application

Fully executed contract & any assignments you may have

Entity Docs

Hard Money loans must be business to business, therefore we have to lend to an LLC or Incorporation

Operating Agreement/Bylaws

W-9 – EIN Assignment Document

Articles of Organization

Certificate of Good Standing

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