Fix & Flip & Ground-Up Residential Loan Program
Front Street Advisors Ltd. offers tailored Fix & Flip loans, designed to support investors in acquiring and renovating a range of residential properties, with options for ground-up residential construction.
Key Features of Our Fix & Flip Loans:
Loan Terms
Rehab/Construction Financing
Maximum Financing Guidelines
LTV vs. LTC
Loan Details
Borrower Requirements
Additional Details for Foreign Nationals
Key Features of Our Fix & Flip Loans:
- No Prior Experience Required: We welcome first-time investors, making it easier to enter the market.
- Up to 100% Financing for Renovation Expenses: Maximize your budget and minimize your upfront investment.
- Eligible for Foreign Nationals: Open to foreign nationals, excluding those from ineligible countries.
Loan Terms
- Standard Term: 12 months
- Extended Term: 18 months, considered on a case-by-case basis
Rehab/Construction Financing
- Up to 100% of the Rehab Budget: Comprehensive support for your renovation needs.
Maximum Financing Guidelines
- Maximum Loan-to-Cost (LTC): Up to 90% of the purchase price
- Maximum Loan-to-Value (ARLTV): Up to 75% of After-Repair Value
LTV vs. LTC
- We use LTC for projects where the rehab budget exceeds the purchase price.
Loan Details
- Recourse: Full Recourse Only
- Loan Amount Range: $50,000 to $10,500,000
- Purpose: Loans for the rehabilitation of non-owner-occupied residential investment properties
Borrower Requirements
- Entity Requirement: Borrowers must apply as an entity.
- Property Types:
- Non-owner occupied properties, including:
- Single-Family Residences (attached or detached)
- 2-4 unit properties
- Townhomes
- Warrantable Condos
- Non-owner occupied properties, including:
Additional Details for Foreign Nationals
- Not permitted from ineligible country lists
