FIX & FLIP
Make Business Hero Consultants your preferred fix and flip lender TODAY!
Our fix and flip financing options are perfect for seasoned investors and beginners alike.
At Business Hero Consultants , our fix and flip loans are specifically designed to provide financing for real estate investors who are purchasing properties with the intention of renovating and then selling them for a profit. These loans offer short-term financing with flexible terms, allowing investors to quickly acquire and renovate properties without lengthy approval processes associated with traditional mortgages.
In addition to financing the purchase of the property, our fix and flip loans cover 100% of the renovation costs, enabling investors to complete their projects without relying on additional funding sources.
Our updated family of loan products better serves market expectations for investors new to Business Hero Consultants lending platform.
Fix and Flip Terms
Terms
12 months standard
18-24 months options
Rehab/Construction Financing
Up to 100% of rehab budget
Maximum LTC (% of purchase price)
Up to 90% LTC
When Do We Use LTV vs. LTC?
Generally, we use LTC on lopsided projects (where the purchase price is lower than rehab budget)
Recourse
Full Recourse Only
Loan Amount
$30K - $3MM
Loan Purpose
Rehab loan for non-owner occupied residential investment property
Borrower Type
Entity required
Property Types
Non-owner occupied:
Attached or detached SFR
2-4 unit properties
Townhomes
Warrantable condos
Foreign Nationals
Not allowed from ineligible country list
Minimum Experience
NO prior experience required!
DEVELOPMENT & CONSTRUCTION
Ground Up Program
Maximum Loan-To-Cost
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 85% of total project costs
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Maximum Loan-To-ARV
Up to 70%
Recourse
Full Recourse
Reserves/Escrows
Interest Reserve:
Minimum 1 month
Experience
Previous real estate experience preferred: 1-2 ground ups
GCs if experience if permits tie to ground ups
Guarantors with no experience permitted on a case by case basis
Loan Amount
Min: $50,000
Max: $3,000,000
Term Length
12 months, Up to 18 at Lender discretion
Experienced Developer Program
(3+ Similar Past Projects)
Maximum Loan-To-Cost
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 90% of total project costs with financed IR, 85% of total project costs without financed IR
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Maximum Loan-To-ARV
Up to 70%
Recourse
Full Recourse
Reserves/Escrows
Interest Reserve:
Minimum 1 month
Experience
Previous real estate experience required: 3+ similar ground-up builds + heavy rehabs with expansion. Professional development / builder.
Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria
Loan Amount
Min: $50,000
Max: $3,000,000
Term Length
12 to 24 month loan terms available
Funding that fits your business
Business Hero Consultants can get funding for commercial property , equipment purchases and upgrades, business expansion costs, technology investments and more, make an appointment and then fill out the Funding Assessment Form .
Connect with a Consultant
Get started with our online application
Grab your documents ! We’ll guide you through the financing process , and you can save your application any time go locate more documents and then return to it later.
--------- Business, Investment & Commercial Loans ----------
We Fund
$650,000
Medical Clinic
75% LTV Office Building Purchase
9.5% Rate, Foreign National
$570,000
Equipment Supplier
80% LTV Industrial Building Purchase
8.5% Rate, 3-Week Closing
$4,900,000
Aesthetic & Wellness
SBA 7(a) Expansion Loan
9% Rate, 25-Year Term
$350,000
Freight Logistics Co.
SBA 7(a) Line of Credit
9.75% Rate, 10-Year Term
Office:
2405 W 104th St.
Chicago, IL. 60655
Call
630-755-6979
Email: