8.99% interest rate
Keep things EASY and LOW-COST. Builder Finance Inc. offers: a simple application, quick funding, a dedicated representative, and a 0.0% pay rate – wait until maturity to pay interest and fees.
Great Pricing
8.99%
Great Terms
0.0% pay rate (no interest payments)
Great Service
Dedicated loan representative
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ApplyLoan terms
| Loan Size | $200,000 - $3,500,000 |
|---|---|
| Max LTC | 85%/100%/100% for purchase, closing costs, and work, respectively |
| Points | 2 |
| Interest Rate | 8.99% |
| Pay Rate | 0.00% (no monthly payments) |
| Term | 8 Months + 4 month extension |
| Other | Borrower pays all lender costs, $950 underwriting fee, $150 draw fee. Terms may differ in TN. If loan per unit >$1 million, lower ARV limit may apply. |
Builder Finance Inc. (BFI) provides fix-flip loans on residential properties. Whether renovation / rehabilitation work is minor or major, consider Builder Finance Inc. as your next lender – particularly if you are trying to reduce your cost of borrowing.
Acceptable collateral includes 1-4 unit single family residential (SFR) and 5+ unit multifamily residential. BFI will also lend on mixed-use buildings so long as the residential component is at least 51% of the square footage.
As you build repayment history with us, our terms are designed to become better and better. You never know what the next residential opportunity will be, so work with a lender with many capabilities: fix-flip and rehab, construction, rental, build-rent, fix-rent, land, and other related types of financing.