Fix and Flip Loans
REI Loans offers 12-Month Interest Only Fix and Flip Loans for real estate investors looking to purchase, rehab, and sell (flip) residential properties within one year. Closings can be in as little as 10 business days with up to 100% financing on rehab costs and no interest charged on unused rehab funds.
Typical terms
Loan Type
12-month interest only fix and flip loan
Up to 90% of purchase and repair costs
Up to 75% of ARV
Loan Amounts
Minimum $75K to a maximum $4M
Eligible Properties
Single Family Residence
2-4 Unit Properties
Eligible Borrowers
U.S Citizens
Permanent Resident Aliens
Non-Permanent Aliens
Foreign Nationals
LLCs, Limited Partnerships, General Partnerships, Corporations
All States except Alaska, Nevada, North Dakota, Oregon, South Dakota, Utah
Minimum FICO is 600
Required Docs
1 Month Bank Statement
List of properties sold in the past 24 months
Last 2 years tax returns
Renovation budget
Sales contract
Corporate entity docs (articles/certificate of formation and operating agreement)
Driver’s license
Pre-Payment Penalty
Origination Points
Minimum origination fee to REI Loans is $1500
$450 SFR and $550 for 2-4 units Appraisal Fee (Due at the time of approval)
$595 Documentation Prep
$100 Loan Processing
$150 Fee per Construction Budget Draw*
*For loans with a construction holdback