Build Beyond Your Wildest Dreams
Fix & Flip Loans
Fast and honest private lending for your real estate investments, whether you’re an experienced investor or a first-time borrower.
The Sky's The Limit
Fast & flexible private lending
We’re a nationwide lender with a local approach. We believe in providing exceptional service and aggressive financing that benefits real estate investors. When you work with Angel Funding Group, you are in good hands. We understand time is of the essence, and typically issue a letter of the intent the same day, and work expeditiously to underwrite your file to close within 7-10 business days. We do offer some Fast Track Financing to existing clients based on track record & an approved apprasail.
We Help Build Your Fix & Flip Business
How FIX & Flip Loans Work:
Who are Fix & Flip Loans Suited For?
Fix & Flip loans are exclusively for non-owner occupied residential real estate properties that are rehabbed and sold. Or, held and rented. These loans are Portfolio Loans that are not connected to any Government Agency.
Property Types We Fund
We lend on single-family residences, 2 to 4 units, townhomes, planned unit developments, or condominiums. All properties must be non-owner occupied. Foreign nationals are subject to lower loan-to-cost (LTC) and loan-to-value (LTV) thresholds.
How do Fix & Flip Loans Work?
We fund into LLC’s with borrowers who have completed at least 2 properties in the past 12-24 months. Underwriting is based on predicate experience, credit, background, and capital liquidity. Our focus is to understand your business.
Minimum Requirements
We require a minimum score of 650+ and a $100,000 loan amount. All of our loans are serviced and underwritten in-house, for a 7 to 10 business day closing time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.
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Fix & Flip Program Criteria
To get a Fix and Flip loan started you will need:
- 2+ Fix & Flips completed in the last 12-24 months
- A 650+ minimum score
- $100,000 – $2,500,000+ non-owner occupied property
- 2 months of recent bank statements
- Score and background check
- Entity Information
Terms
Sensible, simple fix-and-flip loans Terms
- Fix and Flip Residential (1-4 Units)
- Rates Starting at 7.95%*
- Loan Amount: $50,000 – $25,000,000
- Maximum Loan to Cost: 80% of Purchase – 100% of Rehab Costs
- Max Loan to ARV: 75%
- Term Length: Up to 18 Months
- Recourse Full Recourse
FAQ's
Fix and Flip loans are credit lines used to cover the purchase price and rehab costs of residential investment properties. These fix and flip loans are meant for short-term rehab projects, with term lengths up to 18 months. At Angel Funding Group, we’ll cover up to 80% of the purchase price of the property and 100% of the rehab costs.
Fix and Flip loans are for real estate investors who plan to rehabilitate and resell their investment properties. They are not for long-term investment properties, or properties with more than 4 units on site. If you have more than 4 units on the property, check out our Multifamily program.
Angel Funding Group’s Fix and Flip loan program is simple, and that’s what sets us apart. As the first movers in the space, we know the business inside and out so we can get you funding quickly and intelligently.
Angel Funding Group is a commercial lender meaning our loans are used for business purposes, rather than individual or personal interests. We do not provide funding for the purchase of any owner occupied residential properties.
Absolutely! We do provide financing for foreign investors with a green card for our short-term and long-term programs. If the borrower has a thorough US credit profile, the foreign national status may have no affect on leverage and pricing, however, if the history is limited, there typically will be an adjustment to leverage and pricing.
Our loans are asset-based, meaning that we are primarily relying on the real estate collateral as our security for the loan we provide. The borrower’s credit score is taken into consideration when underwriting the loan, and do typically require a credit score of 600 or higher for our bridge programs, and 650 or higher for or long term loan programs. If you don’t have a credit score that meets our guidelines, then you will have to partner with someone and they will have to be included on loan to qualify.
Yes. An appraisal is required for all loans to allow us to fully understand the collateral which we are providing a loan against. We leverage various Appraisal Company’s to ensure we get the best appraiser assigned to each specific property’s needs.
Angel Funding Group is able to lend to most states in the U.S. with the exception of Alaska, North Dakota, South Dakota, Vermont, and West Virginia.
We will gladly compensate you for a referral that results in a closed loan. Broker fees & referral fees are only paid at closing.
