FIX-N-FLIP LOANS

Renovations
made easy!
(well, at least easier)

Whether you’re looking to do a Fix-N-Flip or Fix-N Hold (BRRR) project, Host Financial can get you the fast and flexible financing you need to get your project done with 1 to 2 year interest only terms.

We can get up to 85% of the purchase price and 100% of the rehab cost to get your project rent or sale ready. With no prepayment penalties you can sell or refinance as soon as possible. Timelines to close are fast – get quoted and financed in as fast as 14 days.

How to qualify

Experience

Rates and LTVs determined by:

☑

Net-worth

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Liquidity

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Asset Types

  • Single Family

  • Townhome

  • Condos

  • Duplex

  • Triplex

  • Quadplex

  • Multi-Family Home

Loan Terms

Loan Size: $500k up to $3 Million*

Purchase LTV: Up to 85% of Purchase Price

Rehab LTV: Up to 100% of Renovation Costs

Terms: 3 to 12 month Initial Term. Extension Options Available.

Interest Rates: 7% to 11% Interest Only. Rate dependent on experience, net-worth, and liquidity.

ARV: 65% to 75%

Recourse: Full Recourse

Prepay Penalties: No-Prepayment Penalties

Time to Close: 7 to 21 Days

Client Success Stories

  • Working with Eleonora was a great experience. She was always available when I had a question and would fix any problems that arose. She made a great experience of purchasing my first Airbnb property.

    TOM DAUGHERTY

  • Working with Paul was a great experience, he was very professional in handling all the documents and information needed to get our deal closed. Paul is calm and quick to respond to all of the questions we had. We will be happy to work with him on any future project.

    CESAR GARCÍA

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RENOVATION & NEW CONSTRUCTION LOAN FAQs

  • A Renovation or New Construction loan is a type of loan that includes additional funds as part of the loan to help renovate and/or build the property.

  • Unlike DSCR loans where the income of the property is the primary qualification factor, Renovation/New Construction loans are qualified primarily based on past project experience of the borrowers. The more experience the borrower(s) have in completing Renovation/New Construction projects, the more advantageous the loan terms.

  • Yes, it is possibly to qualify for a Renovation or New Construction loan without any prior experience.

  • Renovation/Construction loan sizes are determined based on a Loan to Cost (LTC) vs Loan to Value (LTV) calculation. Generally the Renovation/New Construction Loan can fund up to 80% - 90% Loan to Cost (Purchase Price + Budget) so long as that loan amount does not exceed 70% - 75% of the completed value (LTV) of the project.

  • Generally 6 months to 18 months in duration, 8% - 12% rate and Interest Only payments with 1-3% origination fees, depending on the experience level of the borrower, FICO score, loan amount and other associated deal terms.

  • Generally no, there are no pre-payment penalties. As soon as the project is complete, the loan can be refinanced or paid off.

  • All typical residential property types are eligible – Single Family Homes, Townhomes, Condos, 2 – 4 Unit and 5 – 8 Unit Multi-Family properties. Financing for larger commercial projects such as 9+ Unit Multi-Family, Retail, Mixed-Use, or Office are also available on a case by case basis.

  • A licensed General Contractor is almost always required for a New Construction project. For a renovation project, it will largely depend on the scope of the renovation work, but a general contractor is not always required.

  • This will depend on the scope of the work being performed and the requirements of the local jurisdiction where the project is located.

  • Yes, the cost of the land is included in the total cost basis of the project and can be included in new construction loan.

  • Yes, rural properties are eligible. Generally, would like to see a proven track record on completing similar rural type properties.

Don’t see your question answered here?

We’re here to help. Fill out our contact form and we will get back to you with more information.

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Curious to know if you can apply to get financing for your investment property in your area?

Check out all the sates we service and see if you could qualify! Our lending partners lend across the county in 48 states.