short term renovation loans
Fix+Flip/Ground Up Construction Loans.
Fix+Flip loans are short-term loans used by real estate investors to purchase and improve a property to then sell for a profit.
Ground Up New Construction Loans provide financing for builders looking to construct new residential properties. Both loans can be refinanced into long term loan options as well.
Lending Parameters
Loan Amounts:
$75,000 - $5,000,000
Property Types:
Residential, 1-4 Units
Interest Rates:
Range from 8% - 12%
Credit Score:
620+ is preferred but can work with any score
LTV/LTC:
Range from 65% - 90%
Closing Timeline:
As quick as one week to 30 days
Borrower Qualifications
Fix + Flips:
Experienced and Non-experienced Investors Welcome.
Borrowers with above 720 score can secure up to 90% LTV, 100% Rehab Costs and 75% of the ARV.
Borrowers who have done 5 or more flips within the last 36 months may also qualify for an Exposure Line. (Details Below).
Borrowers with below 720 credit scores and who have done less than 5 flips within the last 36 months can qualify for up to 80% LTV, LTC will vary depending on borrower qualification.
Ground Up:
Experienced and non-experienced Investors Welcome.
Must have done at least 1 ground up build in the last 36 months as owner to qualify for a better rate and term.
Borrowers may also be General Contractors as long as they can document they have ownership in the property that was or is being built.
Featured Products
Exposure Line:
A score of 620 is recommended if the borrower wants to qualify for this product and a good rate and LTV/LTC.
Exposure Lines are qualified case by case, based on flipping and ground up building experience.
Hard Money Bridge loans like those with flips and ground up do not report to credit agencies and once credit report is pulled it is good for a whole year.
If purchasing or refinancing into long term rental rental property then credit gets re-pulled and the loan is then reported to credit.
DISCLAIMER: We provide real estate lending and advisory services nationwide. We do not lend or broker loans in states that require financial licenses for lending to specific property classifications. All loans are conditional and subject to qualification requirements being fully met by the borrower. Plural America Capital Fund, is not a United States Securities Dealer, Broker or US Investment Advisor. Any submitted applications, do not guarantee any funding and are subject to final acceptance and approval.
