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Fix and Flip Loan

/Fix and Flip Loan
Fix and Flip Loan2020-02-17T14:27:57+00:00

Fix and Flip Loan

At Optimus Capital we are committed to win-win relationships and can help save deals or create an attractive value-add to your business through our financing programs. The Optimus Capital fix and flip loan programs are an excellent way to fund your investments. We want you to have the affordable financing that you need with excellent terms and low-cost fees.

The Optimus Capital loan programs allow you to make the maximum revenue on each investment.

Optimus Capital Fix and Flip Loan Program

Optimus Capital is backed by institutional level investors which allow us to reduce the cost of our fix and flip loan programs compared to other private lenders. We pass these savings on to you with lower interest rates and fees in order to maximize the benefits that we offer to you. In building a strong relationship with Optimus Capital, our hopes are that you come back to us for financing your complete rental portfolios and allow us to save you money on all of your current and future investments.

Having been real estate investors ourselves, we understand the challenges that sometimes come up. We can help troubleshoot scenarios, provide bridge loans to save deals, provide capital to purchase investment properties quickly, or help get you going by providing the funding necessary for you to invest in real estate

Fix and Flip Loan Program – Better Terms, Lower Rates, Reduced Fees

Optimus Capital is confident that we can provide you with:

  • Excellent terms
  • Lower rate
  • Quick closings
  • National Discount Program – Up to 25% off on building materials
  • 90% of purchase, 100% renovation financed

We have numerous programs available for funding your Fix and Flip loan needs. Our owners have a background of flipping projects in our local market and understand investor’s needs.

The PDF below each program option offers a little more information about the program and more information about Optimus Capital. The quick pre-approval form allows us to quote terms and provide “as-cash” approval letters for your offers.

5M Credit Facility Platinum Approval Program

  • Up to 90% Purchase / 100% Renovation
  • up to 75% ARV
  • Rates as low as 7.25
  • 12 month interest only
  • Dutch interest
  • No prepayment penalty
  • Easy approval
  • Close in a week
  • Fees: 499-749 underwriting, 495 processing, low points
  • States: CA, CO, CT, FL, GA, IL, KY, MD, MA, MI, MO, OH, PA, SC, TX, TN, VA, WA, WV

***NOTE: The information listed below outlines a specific $5 Million Credit Facility Program. The rates listed below are for California, other states may be slightly higher. See the PDFs under each option for more details.

Benefits of Approval Include:

  • 100% renovation financed – The draw process for the rehab portion is simple and efficient
  • Quick closings, a week in most cases (I’ve closed in 2 1/2 days before)
  • You do not need to show funds to close on each deal
  • High Loan to Values, up to 90% of purchase + 100% of renovation
  • The $5M Approval includes 19 states

The Fix and Flip Loan Programs are broken into tier pricing and based on the investor’s past exited transactions.

Tier 1- $5M Platinum Credit Facility

Criteria: 25k in account, mid fico 620+, 10 exited flips in the last 24 months

Note: the rates above include 100% of rehab, provided that purchase plus rehab totals 75% of ARV or less

90% purchase plus 100% rehab (draw based) as long as it doesn’t exceed 75% of ARV

Can close with no interior inspection of property prior to close. Occupied property is OK!

Tier 2- $5M Platinum Credit Facility

Criteria: 15k in account, mid FICO score 620+, 4 exited flips in the last 24 months

Note: the rates above include 100% of rehab, provided that purchase plus rehab totals 75% of ARV or less

90% purchase plus 100% rehab (draw based) as long as it doesn’t exceed 75% of ARV

Can close with no interior inspection of property prior to close. Occupied property is OK!

Tier 3 – Silver Credit Facility Program

Criteria: no bank statements of any kind, mid fico 640+, 0 past deals

Note: the rates above include 100% of rehab, provided that purchase plus rehab totals 70% of ARV or less

Up to 85% purchase plus 100% rehab (draw based) as long as it doesn’t exceed 70% of ARV

 

Optimus Capital Nationwide Fix and Flip Loan Programs can provide you immediate financing for your fix and flip loan needs. We have multiple programs available to fit almost any scenario and we can even create a custom loan plan to meet your specific financing needs.

Click here to complete a pre-approval form to determine which loan product is right for you

Optimus Capital Ruby Nationwide Program

  • Up to 90% Purchase / 100% Rehab
  • Interest only on as drawn upon (Renovation)
  • Up to 70% ARV (non judicial foreclosure states)
  • Up to 65% ARV (judicial foreclosure states)
  • Rates starting at 8.99 with 15% down (85% loan to purchase)
  • Rates starting at 9.99 with 10% down (90% loan to purchase)
  • 12 month term(18 month possible)
  • 100% rehab, interest only as disbursed
  • No prepayment Penalty
  • Close in 4 to 10 days
  • As few as 2 – 3 past recent flips for experience (in order to qualify)
  • Fees: 995 docs, 495 processing, 255 inspection draw, low points, appraisal
  • States: in Most States Nationwide

Optimus Capital Emerald Flip with Seller Carry Program

  • Up to 80% of As Is Value – LTV (not to exceed 90% purchase)
  • Rates starting at 8.50
  • Flexible Term: up to 24 months
  • Interest only no prepayment penalty
  • Seller carry allowed for difference of first position lien, gap funding 2nds allowed up to 100% of purchase price
  • Fees: 750 docs, 495 processing, 55 servicing, low points, inspection
  • As few as 2 – 3 past recent flips for experience (in order to qualify) rentals count toward qualifying
  • States: in most states nationwide

Optimus Capital Emerald REFI Bridge Program

  • Up to 75% LTV (up to 10% loan amount cash out)
  • Rates starting at 8.99
  • Up to 24 month term
  • Renovation funds possible
  • Interest only no prepayment penalty
  • Fees: 750 docs, 495 processing, 55 servicing, low points, inspection
  • As few as 2 – 3 past recent flips for experience (in order to qualify)
  • States: in most states nationwide

The Optimus Capital Nationwide Programs have extremely competitive rates and low-cost fees. Fill out the pre-app below and let us know a little about yourself. We can set up a call to discuss any loan scenario and that way we can be informed and prepared for our conversation. We at Optimus Capital are available by phone, email or text. We are looking forward to a mutually beneficial long-term relationship with you and your team.

We are investors for investors, understanding the unique needs of our investor clients. Feel free to fill out the quick app below and tell us a little about yourself and your project that you would like to get funded so that we can match you to the loan product that fits your specific investing needs.