The best short-term solution for acquiring and improving property value. Designed for “fix-and-flip” investors who are seeking a short-term, interest-only loan to acquire and improve a property based on its “after repaired value” (ARV). In all scenarios a detailed scope of work will be needed before an appraisal can be scheduled so that the appraiser can go over the plans and provide an After Repair Value on the appraisal report.
Key Features
- Allows borrowers to finance improvements to the property.
- Great for borrowers who need a quick close.
- Short term financing to complete the project and then sell or mortgage into a long term program and hold.
- A higher LTV than hard money lenders.