Short Term Financing for the Purchase and Rehab of Single-Family Properties
Long Term Financing for Single-Family Rental Properties and Portfolios
Purchase or Refinance Multifamily Real Estate Properties (5+ Units)
Financing for Ground-Up Construction, Urban In-Fill, Spec Builds, and Model Homes.
After-Repair Financing Loan Program
King Capital Advisors offers many different fix and flip lines of credit which provide commercial real estate investors with the hard to find financing they need for acquisitions, renovations, and conversions.
As a loan type, fix and flip is used exclusively for residential real estate opportunities that you are looking to rehab and sell within a short period of time, typically 6 to 9 months from the date of purchase. Investors will purchase a distressed property or fixer upper, with the intention of ‘fixing’ the damage and improving its look.
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Fix and Flip Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
Term:
12 Months (6-Month Extension Available)
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $5M for Multi-Family (5+)/Mixed-Use
Rates:
As Low As 8.25% (Interest Only Charged on Outstanding Balance)
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
Minimum As-Is Property Value:
$50k for Single-Family
$25k per Unit for 2-4 Family
$35k per Unit for Multi-Family (5+)/Mixed-Use
Minimum FICO:
650
Pre-Payment Penalty:
N/A
The First Step To Your Future
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A US FEDERAL MAANGEMENT GROUP DBA
111 Kinderkamack Road #303
River Edge, New Jersey 07661