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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

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