RealFi Commercial Lending

Fix and Flip Loans

OUR FIX AND FLIP LOANS

RealFi REIT has developed a new fix and flip program designed for the experienced redeveloper of residential properties. For seasoned developers, we can provide 75% to 90% leverage on acquisition pricing and up to 100% of renovation costs, provided that after repair value costs do not exceed 70%.

Loans

Non-owner occupied residential properties and projects: Fix and Flip, Refinances, Bridge Loans, and Ground Up Construction.

Properties

1 -4 Family Homes, Condominiums, Single Family Homes, and Townhouses intended for residential use.

Loan Size

$75,000 to $25,000,000

Lien Position

Senior, first positions only.

Amortization

Interest only—balloon payment at maturity.

Prepayment Term

No prepayment penalty.

OriginationFees

2% - 5%

Amount Funded

Up to 90% on the acquisition price.
Up to 100% of the rehabilitation budge.

Max Amount After Repair LTV

65% in judicial states/ 70% in non-judicial foreclosure states.

Resources

Personal guaranty required.

Closing timeline

As quickly as one week.

Borrower Type

Ownership must be held in an L.L.C.

Platform

Nationwide.

Investment Property Term Loans

Our Investment Property Term Loans

RealFi REIT has developed an investment property term loan program designed for the experienced redeveloper of residential properties. For seasoned developers, we can provide 70% leverage on the appraised value of the property being secured.

Loans Terms

30-year Fixed, with option for a 3-year or 5-year I/O period

Minimum credit

650 FICO

Maximum Purchase Price L.T.V.

80% L.T.V.

Maximum Refinance L.T.V.

80% L.T.V.

Interest Rate Range

6.0% - 8.5%

Origination Fees

2% - 3%

Brokerage Fees

1% - 2%

Minimum Debt Service Coverage Ratio (DSCR)

1.10

Loan Amounts

$150,000 - $2,000,000

Prepayment Penalty

3/2/1

Amortization

30 year

Borrower Type

Corporation, L.L.C., Partnership.

Asset Types

1-4 Family Homes, Condominiums, Single Family Homes, Mixed-Use Properties, and Townhouses intended for residential use.

Foreign Nationals

Allowed.

Platform

National.