Fix & Flip / B-R-R-R

LBK Lending’s Fix and Flip program offers financing for purchase and renovation costs up to a maximum of 75% of the after-repair value. Our unique program allows borrowers to fix and flip a property with as little as $5,000 down. Prior real estate investing is preferred but our program is also available to first time investors.

BASIC LOAN CRITERIA

Term: 6 Months
Type of Loan:              Interest only
Loan Amount:             $40k-3M+
LTV:                          Up to 75% of the after-repair value
Down Payment:          As low as 5% down for properties less than $150K
Property Types:         Non-owner occupied 1-4 Family Residential Real Estate;
Condos; Townhomes; Multi-Families;
Mixed-Use Properties
FICO:                         600 minimum

 TRANSACTION FUNDING

Need to fund your wholesale deal but don’t have the cash? Let us front you the capital to close your deal with your end buyer.

BASIC LOAN CRITERIA

​Term:                        1-2 Day Loan
Points:                     2.5
Loan Amount:           $40k-3M+
Property Types:        Non-owner occupied 1-4 Family Residential
                                Real Estate; Condos; Townhomes; Multi-Families;
                                Mixed-Use Properties
FICO:                       No Credit score required