Main Source Capital offers a high leverage program with minimal underwriting requirements for residential fix and flip projects. Stated income, no asset or liquidity verification. The leverage is based on ARV appraisal. Our fix and flip transactions close quickly, it lets you leverage the project to release existing capital to purchase more properties. You will have the ability to grow faster and create more income.

Property Types: SFRs, Condos, PUDs, 2-4 units

Loan Amounts: $150,000 – $5,000,000+

LTC: Up to 90% of purchase + 100% of rehab

LTV: Up to 75% of After Repair Value

Rate: Contact us for pricing

Term: 12 months, interest-only, no prepayment penalty, extensions available

Ownership: Held in a Corporation or LLC

Min Guarantor FICO: 600

Guarantor Experience: Previous experience preferred; new flippers are accepted

Guarantor Background: No BKs or foreclosures for past 5 years

Lending Area: Nationwide