top of page

FIX & FLIP

Ampd Capital has access to industry-leading financing. We have a comprehensive suite of Fix&FLip, Rental and Multifamily products. Our leverage, competitive rates, transparency, and top-notch customer service sets us apart from the pack. We are here to help you succeed.

​

Meet the Line of Credit that beats all others. You will be qualified for both Fix & Flip and our Rental30 financing in a matter of days. Each client will be provided with an exposure limit - Think of it as a pre-approval amount that is good across multiple products.

 

These loans are designed for the real estate investor who is rehabbing properties to resale for business purposes. 

​

LOAN PROGRAM

 

Approval Time:

  • Be approved in less than a week LOCs are valid for 6 months

​

Terms:

  • 13-19 Month Fixed interest, Balloon Note

​

Maximum Loan Amount:

  • We use a multiple of liquid assets to determine the exposure limit

  • MAX $2,500,000

 

Prepayment Penalty: 

  • Not Applicable

​

Eligible Borrowers: 

  • US Citizens | Permanent Resident Aliens | Foreign Nationals

​

We Reward Loyalty:

  • With Our tiered program, the more Fix&Flip projects you do in a 36 month period, the less you pay on the funds you borrow- THAT SIMPLE! 

​

Renovation

BORROWER UNDERWRITING

​

Credit:

  • Minimum FICO Score: 660

  • We use the middle of 3, lesser of 2 scores

  • A minimum of 2 scores are required

  • Minimum 24 months of credit history

  • No bankruptcies in the past 3 years

  • No foreclosures, short sales, of deed in lieu in past 3 years

  • Fraud and OFAC checks including identity verification are required

  • Credit report valid 90 days for new clients, 180 for repeat clients

​

Vesting:

  • Limited Liability Corporation

  • Limited Partnerships

  • General Partnerships

  • Corporations

  • Land Trusts

  • Maximum of two borrower business entities (co-borrowers) per loan

​

Arm's Length Transactions: Buyers must not be related to Sellers in any manner without full disclosure

​

Borrower's Liquidity Requirements:

  • Down Payment

  • Interest reserve according to client's tier

  • 10% of the rehab budget

  • Origination fee

  • Broker fee

 

Borrower Requirements: 

  • Stated income to be used for income verification

  • 2 months of bank statements, including average balances, are required.

  • At least 2 months of asset verification are required for all loans

  • The value of any stock, bond or mutual fund are reduced by 30%

  • The value of retirement accounts are reduced by 50%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Scaffolding

PROPERTY UNDERWRITING​

 

Ineligible States: Alaska, Vermont, US Territories including Guam and Virgin Islands

Heavy Rehab, or Tear Down/Rebuild: Contractor review and feasibility review required

 

Eligible Property Types:

  • 1-4 Unit Investment Property

  • Planned Unit Developments

  • Properties with <2 acres

  • Log Homes (if common to the area)

  • Properties subject to oil or gas leases

  • Must be non-owner occupied

  • Minimum gross living area of 700 sq. ft.

​

Ineligible Property Types:

  • Owner-Occupied Properties

  • Commercial Enterprises

  • Condos

  • Zoning Violations including residential properties zoned commercial

  • Manufactures or Mobile Homes

  • Single-Family Properties with less than 700sq feet of living space

  • Condotels

  • Mixed-Use Properties

  • Timeshares

  • Unique Properties (Except for log homes)

  • Fractional Ownership

  • Working farm and ranges

  • Properties encumbered by purchase option

  • Unimproved land; not intended for build

  • Properties that appraise for less than $25,000

  • Properties currently in Litigation

​

Appraisal Requirements:

  • 1004/1025 appraisals required for all loans including AS-IS and ARV if renovation is included

  • Appraisals must be dated within 180 days of origination

  • Loan amounts over $1,000,000.00 will require 2 appraisals (Excludes CA)

  • Loan amounts over $5,000,000.00 will require 2 appraisals in California

bottom of page