Residential – Fix & Flip Financing
SDC ARV Program
ARV program offers financing for up to 70% of the purchase price + 0%-100% of the renovation costs (depending on complexity and size of project), not to exceed 65% of the after repair value. Prior real estate investing experience is required to qualify for this product.
Basic Loan Criteria
|
Loan Amount |
$250,000 – $5,000,000 |
|
Property Type |
1-4 Unit Residential |
|
Occupancy |
Non-owner occupied |
|
Term |
6 – 24 months |
|
Lien Position |
1st and/or 2nd lien position |
|
Interest Rate |
Starting at 8.99% |
|
Origination Fee |
Starting at 1.5% |
|
Loan-to-Value |
Up to 65% ARV |
|
FICO |
No minimum FICO score |
|
Location |
California |
|
Funding |
As few as 7 days |
