FIX ‘N’ FLIP

Our Florida Fix and Flip rehab loan is for the real estate investor who wants to purchase and renovate a Florida residential or commercial real estate investment property. The Fix-N-Flip loan offers 80% financing of the purchase price and 100% of the rehab costs or we offer 80% of purchase price and 100% of the rehab cost, and roll in the closing costs.

♦ Private investors looking to invest capital see bottom of this page:

600+ Minimum Credit Score Required
Only 10% Down Payment Required (for qualified borrowers)
80% Financing Of The Purchase Price And Rehab Budget Combined – Not To Exceed 75% Of After Repair Value
Current As-Is Value Is Not Considered Or Reviewed For Funding Approval
New Minimum Loan Amount Of $75,000.00!
No Maximum Loan Amount
Close In 12-15 Business Days From Receipt Of All Required Documents
Foreign Nationals OK with minimum of two (2) completed flips within last 24 months
First Time Investors OK
Refinance Plus Rehab Loan Option Available (See details below)

EXCEPT

Alaska
Hawaii
Idaho
Maine
Montana
Nevada
New York
North Dakota
Puerto Rico
South Dakota
Utah
Vermont

For Illinois, Maryland and New Jersey: Minimum credit score of 725 required for clients with a loan amount of $150,000.00 or less.

All investor loan transactions must close in the name of a business entity

MINIMUM 600+ CREDIT SCORE REQUIRED FOR FUNDING APPROVAL.

For Illinois, Maryland and New Jersey: Minimum credit score of 725 required for clients with a loan amount of $150,000.00 or less.

To qualify for funding approval, you must provide most recent 2 months bank statements that reflect an ending balance that covers the following specific transaction related items:

Down payment requirement amount
10% of the total rehab budget is required to be documented as “liquid reserves contingency”. This is not a cost to be paid at closing.
Six months (6) of reserve monthly interest payments.
Lender loan origination fee and applicable closing cost

*Any LARGE DEPOSITS will be required to document the source of said deposits.

Minimum dollar amount of loan origination fee is $4,500.00

– IMPORTANT Completed flips are defined as residential investment properties “exited or sold in the last 24 months” and owned for no more than 12 months during the last 24 months OR a property acquired, rehabbed, and converted to permanent financing and owned for no more than 12 months during the last 24 months.

Level 1: 0-1 flip*	11.5% interest rate	90% LTC	70% ARV
Level 2: 2-4 flips	10.5% interest rate	90% LTC	70% ARV
Level 3: 5+ flips	99.9% interest rate	90% LTC	70% ARV

*0-1 flip with less than 680+ credit = 85% LTC and 65% ARV)

**Loan To Cost (LTC) = total loan amount as a percentage of purchase price and rehab cost combined

***For Illinois, Maryland and New Jersey: Minimum credit score of 725 required for clients with a loan amount of $150,000.00 or less.

See bottom of this page for list of required documents

Single Family residences and 2-4 units. Non owner-occupied only. No primary residence or vacation homes. No condo’s.

We can fund up to 90% of the combined purchase price and rehab budget in one loan not to exceed 75% of the After Repair Value (ARV).

Funding Scenario Example

Plus lender fees and closing cost
Borrower is responsible for down payment of total project cost, plus lenders fees and closing cost.

IMPORTANT NOTE Foreign nationals require minimum 20% to 30% down payment

No seasoning on title is required for refinance with a rehab loan.
Refinance with a rehab loan is structured the same as Silver Funding Program fix and flip product.
90% financing of payoff amount plus cost of rehab combined, not to exceed 75% of After Repair Value (ARV),
Difference between payoff amount and original purchase price will be applied towards down payment.
Closing cost can be included if difference between payoff amount and original purchase qualifies. Reviewed on a case by case basis.
Cash out option is only available if property is owned free and clear.
Must provide a construction budget/scope of work detailing specific repairs just like a fix and flip project.

Funding can only be approved in a business entity name. There is no seasoning requirement on the age of the business entity. Entities include: LLC, LLP, S-Corp, C-Corp.

After completing a pre-qualification application we can also promptly provide you with a proof of financing letter(s) to assist you in making offers on prospective investment properties. To obtain a proof of financing letter you must provide a copy of your most recent bank statementreflecting a balance of the minimum required funds to close.

Minimum $15,000.00 In Liquid Checking/Savings Account Required For Funding Approval!
You must clearly document that you have the funds to close, which includes; down-payment, lender fees and closing cost. Loan files are not submitted for underwriting approval without proof of funds to close.

On average we can close in about 12-15 business days from the time we receive ALL REQUIRED DOCUMENTATION. Delays in closing are normally due to appraisal/property value, title issues, etc.

Minimum loan amount is $75,000. There is NO MAXIMUM loan amount.

A traditional full property appraisal is ALWAYS required to underwrite and fund a investor loan for this product. We will order an expedited appraisal at time of submission of loan file for underwriting approval. Cost of appraisals vary based on geographical market but can typically range from $375.00 – $600.00.

No verification or documentation of personal or business income is required. Borrower will have to produce copy of of last years personal tax return to document that income taxes are being paid. Income is NOT used as bases for qualifying.

Single family residences and 2-4 residential units. No condo’s.

Purchase and rehab transactions only.

Interest rates range on average from 9.99% to 12% depending on credit score and number of prior completed fix and flip transactions within last 12 months. See guidelines above.

Property Insurance Requirement

All fix and flip transactions require a “builders risk” property hazard insurance policy with coverage for 12 month term.

Seller may contribute up to 3% of the agreed purchase price towards buyer closing cost expenses or concessions in the contract to purchase.

Subordinate financing is NOT allowed, which includes 2nd mortgages and seller held financing.

There is no maximum loan amount

13 months

Fixed monthly payment, interest only

None

Business Entity Borrower (Must close in the name of a business entity)

Clear and legible copy of drivers license (all members of business entity)
Purchase and sales agreement
Last 2 month’s business bank statements (must include all pages)
Articles Of Organization for LLC Or Articles Of Incorporation for a Corporation
Operating Agreement or Corporate Charter/Bylaws
Certificate Of Good Standing (Issued By Secretary Of State within 30 days)
Copy of last years personal tax return for all members of business entity. This documentation is NOT to verify income but to validate that federal income taxes are being paid and reduces likelihood of unpaid tax liens being filed on subject property.
Scope Of Repair Work (Budget Template Provided)

Note Terms are subject to change. Final terms vary depending on the property and borrowing entity

♦ Private Investors – EARN 10% TO 12% INTEREST INVESTING IN INCOME PRODUCING FIRST TRUST MORTGAGE DEEDS INSURED WITH TITLE INSURANCE AND HAZARD INSURANCE.

Are you looking for a reasonable alternative to the roller coaster ride of the stock market? A to Z Capital Inc. uses private investor funds to make first mortgage loans on standing residential investment and commercial use properties. Please note that our loans are always in first position, and if the loan pays as agreed, our investors typically earn 10% to 12% interest. Secured by first mortgages on income producing properties.
Title to the loan is vested in your name.

You can invest with as little as $75,000. Many of our investors invest with their IRA funds. Please note, however, that investing in first trust deeds involves taking on some risk, and a severe and prolonged decline in real estate values is possible.

Please call our office for full details. (561) 609-6699.

FIX ‘N’ FLIP

ADDRESS

PHONE

EMAIL