"Jack has helped me now with 2 deals and am very impressed with his professionalism and quick response times. He really tries hard to help and make the deals happen if they make sense. Looking forward to closing more deals with Jack in the coming months."
Marcela Amador
Investor
Fix and Flip Loans
Our single family fix’n flip loan is designed for investors seeking maximum leverage. PIL will loan up to 100% of hard cost (purchase + renovation) with a limit of 70% of appraised ARV. Loan term is six (6) months with three (3) month extensions available for a 1% fee. Loans can be paid off at any time without additional fees or penalties.
| Rates & Terms | |||
|---|---|---|---|
| Loan Amount | Up to 100% of Cost (Purchase + Renovation) or 70% of ARV | ||
| Origination Fee | 3.5% of loan amount (payable at closing) | ||
| Interest Rate | 12.9% interest-only monthly payments | ||
| Pre-Payment Penalty | None | ||
| Term | 6-months (1% fee per 3-month extension) | ||
| Liquity Requirements | 20% of the loan amount | ||
| Qualifications & Requirements | Lender Specific Closing Costs |
|---|---|
| 620+ Credit Score | $450 Processing Fee |
| 3 Months Bank/Investment Statements | $350 Administration Fee |
| Liquidity = 20% Loan Amount on No-Cashflow Assets | $50 Wire/Courier Fee |
| Two Years Tax Returns | |
| Completed PIL Loan Application |