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: Property Location 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: Start at 7.99%

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

All Single Family and 1 to 4 Unit Residential properties must be non-owner occupied