Fix and Flip Loans

ALTLOAN’s Fix & Flip loans are for Real Estate Investors to finance the acquisition and improvement of real estate with an existing structure.

Fix & Flip Loans


    • 1st TD's to 90% LTC (Loan-to-Cost)
    • Loan Amount = LTC x (Purchase Price + Rehab Budget)
    • 12, 18 to 24 Month Interest Only
    • Up to 75% After Repair LTV (ARLTV)
    • ARLTV = Loan Amount / After-Repair-Value
    • Investment/Business Purpose Only
    • No Ratio (Stated Income)
    • 600 Minimum FICO
    • $250,000 to $5,000,000
Fix & Flip Details

LOAN AMOUNT - ALTLOAN calculates loan amounts by Loan-to-Cost (LTC) and After-Repair-Loan-to-Values (ARLTV's) percentages. LTC = Loan Amount/Total Project Cost (TPC). TPC = Purchase Price + Rehab Budget. ARLTV = Loan Amount / After Repair Value.

DEFERRED MAINTENANCE - Property can be in poor condition with C1-C6 appraisal condition rating and/or Q1-Q6 appraisal quality rating allowed.

ALTLOAN will lend up to 90% Loan-to-Cost and 75% After-Repair-Loan-to-Value. Rehab budgets are held in a control fund and are disbursed after improvements have been inspected and approved. Ground-up construction with no existing structure is not permitted.