Full Suite Of Loan Programs
For Any Business Purpose Or Real Estate Investment
Flex Financial offers both short- & long-term options for both business owners and real estate investors. Whether you need cash flow for your business, a fix & flip project or buy & hold real estate; we can quickly assist with our full suite of financing options
Fix & Flip Loans
Flex Financial Loan Program provides financing for up to 90% of the purchase price and 100% of renovation costs for rehab projects, capped at 75% of the after-repair value. Additionally, Flex Financial only charges interest on the outstanding balance, excluding the rehab holdback, ensuring you only pay for the funds you actively use.
Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties
LTV:
Up to 90% of the Purchase Price + 100% of the Renovation Cost; Not to Exceed 75% of the ARV
Term:
12 – 18 Months
Minimum After Repair Value:
$100k for Single-Family
$100k for 2-4 Family
$350k for Multi-Family (5+)/Mixed-Use
Loan Amount:
$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $2.5M for Multi-Family (5+)/Mixed-Use
Minimum FICO:
660
Rates:
As Low As 9.99% (Interest Only Charged on Outstanding Balance)
Pre-Payment Penalty:
N/A
ARV Loan Program Typical Leverages & Rates
NEW
INVESTOR
LTV
Up to 80% of Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 70% of the ARV
RATES
Starting at 10.99%
INTERMEDIATE
INVESTOR
LTV
Up to 85% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 75% of the ARV
RATES
Starting at 10.49%
EXPERIENCED
INVESTOR
Completed More Than 10 Flips
in the Last 3 Years
LTV
Up to 90% of the Purchase Price + Up to 100% of Renovation Costs; Not to Exceed 75% of the ARV
RATES
Starting at 9.99%
Long-Term Rental Loans
Flex Financial is dedicated to supporting your future investments with our Long-Term Rental loan program. Offering a 30-year term and competitive rates starting at 6.00%, this program provides you with reliable, long-term financing solutions.
Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV:
Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 80% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value
Amortization Options:
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) & Interest-Only Options Available
Property Values:
“As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)
Loan Amount: $55k – $2M
Debt Service Coverage Ratio (DSCR): 1.05
Minimum FICO: 660
Rates: Starting at 6.00%
Long-Term Rental Loan Program Typical Leverages
PURCHASE
| FICO | MAXIMUM LOAN-TO-VALUE (LTV) | MAXIMUM LOAN-TO-COST (LTC) |
|---|---|---|
| 740+ | Up to 80% of the As-Is Value | Up to 80% |
| 700 – 739 | Up to 80% of the As-Is Value | Up to 80% |
| 680 – 699 | Up to 75% of the As-Is Value | Up to 75% |
| 660 – 679 | Up to 70% of the As-Is Value | Up to 70% |
REFINANCE
| FICO | MAXIMUM LOAN-TO-VALUE (LTV) |
|---|---|
| 740+ | Up to 80% of the As-Is Value |
| 700 – 739 | Up to 80% of the As-Is Value |
| 660 – 679 | Up to 75% of the As-Is Value |
| 680 – 699 | Up to 65% of the As-Is Value |
| FICO | MAXIMUM LOAN-TO-VALUE (LTV) |
|---|---|
| 740+ | Up to 75% of the As-Is Value |
| 700 – 739 | Up to 75% of the As-Is Value |
| 680 – 699 | Up to 70% of the As-Is Value |
| 660 – 679 | Up to 60% of the As-Is Value |
Multi-Family Loans
Flex Financial provides short and long bridge loans, fix-and-flip financing, and long-term rental financing for apartment buildings with 5 or more units.
Loan Criteria
Collateral:
Multi-Family Apartment Buildings (5+ Units); Mixed-Use Properties (Residential Space Must Represent 70%+ of the Property’s Total Square Footage)
Term:
12 – 18 Months (Extended Terms Available)
Loan Amount:
Short-Term: $250k – $2.5M ($1M Max per unit)
FICO:
Short-Term: 660 Minimum
LTV:
Stabilized Bridge
Purchase: Up to 75% of the As-Is Value
Refinance: Up to 70% of the As-Is Value
Cash-Out: Up to 65% of the As-Is Value
Fix & Flip:
Purchase: Up to 80% of the Purchase Price + 100% of Renovation Costs
Refinance: Up to 75% of the As-Is Value + 100% of Renovation Costs
Cash-Out: Up to 70% of the As-Is Value + 100% of Renovation Costs
Short Term Multi-Family Loan Program Typical Leverages
| MAXIMUM LOAN-TO-VALUE (LTV) | |
|---|---|
| PURCHASE | Up to 75% of the As-Is Value |
| REFINANCE | Up to 70% of the As-Is Value |
| CASH-OUT | Up to 65% of the As-Is Value |
FIX & FLIP PROGRAM
EXPERIENCED CUSTOMER. (Completed <3 Flips in the Last 3 Years)
| MAXIMUM LOAN-TO-VALUE | MAXIMUM AFTER-REPAIR VALUE | |
|---|---|---|
| LIGHT REHAB | Up to 80% of Purchase Price + 100% of Rehab Costs | Up to 70% Loan-to-Cost |
| HEAVY REHAB* | Up to 70% of Purchase Price + 100% of Rehab Costs | Up to 65% of the ARV |
| MAXIMUM LOAN-TO-VALUE | MAXIMUM AFTER-REPAIR VALUE | |
|---|---|---|
| LIGHT REHAB | Up to 75% of Purchase Price + 100% of Rehab Costs | Up to 65% Loan-to-Cost |
| HEAVY REHAB* | Up to 65% of Purchase Price + 100% of Rehab Costs | Up to 60% of the ARV |
| MAXIMUM LOAN-TO-VALUE | MAXIMUM AFTER-REPAIR VALUE | |
|---|---|---|
| LIGHT REHAB | Up to 70% of Purchase Price + 100% of Rehab Costs | Up to 60% Loan-to-Cost |
| HEAVY REHAB* | Not Permitted | Not Permitted |
FIX & FLIP PROGRAM
NEW CUSTOMERS (Completed 5+ Flips in the Last 3 Years)
PURCHASE
| MAXIMUM LOAN-TO-VALUE | MAXIMUM AFTER-REPAIR VALUE | |
|---|---|---|
| LIGHT REHAB | Up to 70% of Purchase Price + 100% of Rehab Costs | Up to 60% ARV |
New Construction Loans
Flex Financial offers comprehensive financing solutions for all your ground-up construction projects. With an 18-month term and rates starting at 10.99%, this program ensures your project is fully funded from beginning to completion.
Loan Criteria
Collateral:
Non-Owner Occupied Single-Family Properties; Condos; Townhomes
Term:
12 – 24 Months
Loan Amount:
$100k* – $2M
*Based on Max Loan Amount
Minimum Property Value:
$150K (As-Completed Value)
Rates:
Starting at 10.99%
Minimum FICO:
650
New Construction Loan Program Typical Leverages
ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS
TIER 1
Completed 10 or More Ground Up Construction Projects
| INITIAL LOAN AMOUNT | MAX LOAN AMOUNT | |||
|---|---|---|---|---|
| MAXIMUM LOAN-TO-VALUE | Maximum LOAN-TO-COST | MAXIMUM AFTER-REPAIR VALUE | TOTAL LOAN-TO-COST | |
| PURCHASE | Up to 75% of the As-Is Value | Up to 80% of the As-Is Value | Up to 75% ARV | Up to 90% LTC |
| REFINANCE | Up to 75% of the As-Is Value | N/A | Up to 75% ARV | Up to 90% LTC |
TIER 2
| INITIAL LOAN AMOUNT | MAX LOAN AMOUNT | |||
|---|---|---|---|---|
| MAXIMUM LOAN-TO-VALUE | Maximum LOAN-TO-COST | MAXIMUM AFTER-REPAIR VALUE | TOTAL LOAN-TO-COST | |
| PURCHASE | Up to 75% of the As-Is Value | Up to 75% of the As-Is Value | Up to 70% ARV | Up to 85% LTC |
| REFINANCE | Up to 72.5% of the As-Is Value | N/A | Up to 70% ARV | Up to 85% LTC |
TIER 3
| INITIAL LOAN AMOUNT | MAX LOAN AMOUNT | |||
|---|---|---|---|---|
| MAXIMUM LOAN-TO-VALUE | Maximum LOAN-TO-COST | MAXIMUM AFTER-REPAIR VALUE | TOTAL LOAN-TO-COST | |
| PURCHASE | Up to 70% of the As-Is Value | Up to 72.5% of the As-Is Value | Up to 65% ARV | Up to 85% LTC |
| REFINANCE | Up to 67.5% of the As-Is Value | N/A | Up to 65% ARV | Up to 85% LTC |
TIER 3
| INITIAL LOAN AMOUNT | MAX LOAN AMOUNT | |||
|---|---|---|---|---|
| MAXIMUM LOAN-TO-VALUE | Maximum LOAN-TO-COST | MAXIMUM AFTER-REPAIR VALUE | TOTAL LOAN-TO-COST | |
| PURCHASE | Up to 70% of the As-Is Value | Up to 70% of the As-Is Value | Up to 65% ARV | Up to 82.5% LTC |
| REFINANCE | Up to 65% of the As-Is Value | N/A | Up to 65% ARV | Up to 82.5% LTC |
Investor Rental Portfolio Loans
Flex Financial offers investors the financing they need to build long-term wealth through our Investor Rental Portfolio loan program. With flexible terms and competitive rates, we provide the tools to help clients expand their real estate portfolios.
Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Multi-Family Apartment Buildings (5 – 9 Units)
Term:
3, 5, 7, & 10 Year
Amortization Options:
3 Year Term: 30Y Amort + 3Y Balloon, or 3Y IO + 3Y Balloon
5 Year Term: 30Y Amort + 5Y Balloon, or 5Y IO + 5Y Balloon
7 Year Term: 30Y Amort + 7Y Balloon, or 7Y IO + 7Y Balloon
10 Year Term: 30Y Amort + 10Y Balloon, or 10Y IO + 10Y Balloon
Minimum Loan Amount:
$55k per Individual Property
Maximum Loan Amount:
$1.5M per Individual Property
$20M Overall Portfolio
Minimum Property Value:
Individual Property Value:
1 Unit: $75k
2 – 4 Units: $100k
5 – 9 Units: $125k
Average Portfolio Value:
$100k
Credit Score:
680
Minimum Occupancy Rate:
90%*
*As Evaluated by Both Property Value and Unit Count
Minimum DSCR Requirement:
1.20
Investor Rental Portfolio Loan Program Typical Leverages
PURCHASE
| FICO | MAXIMUM LOAN-TO-VALUE (LTV)** | MAXIMUM LOAN-TO-COST (LTC)** |
|---|---|---|
| 720+ | Up to 70% of the As-Is Value | Up to 70% Loan-to-Cost |
| 700 – 719 | Up to 65% of the As-Is Value | Up to 65% Loan-to-Cost |
| 680 – 699 | Up to 60% of the As-Is Value | Up to 60% Loan-to-Cost |
| **Loan Amount is the Lessor of (LTV/LTC) |
| FICO | MAXIMUM LOAN-TO-VALUE (LTV) |
|---|---|
| 720+ | Up to 65% of the As-Is Value |
| 700 – 719 | Up to 60% of the As-Is Value |
| 680 – 699 | Up to 55% of the As-Is Value |
| FICO | MAXIMUM LOAN-TO-VALUE (LTV) |
|---|---|
| 720+ | Up to 65% of the As-Is Value |
| 700 – 719 | Up to 60% of the As-Is Value |
| 680 – 699 | Up to 55% of the As-Is Value |