Puerto Rico fix and flip loan

 

For a Puerto Rico Fix and flip loan

Current Puerto Rico Fix and flip loan typical rate and terms as of June 2023:

1-4 unit Puerto Rico Fix and flip loan
Minimum loan amount $300,000USD - less on a case by case basis.
14% interest rate Interest Only w balloon
50% LTV
12 - 24 months
4 points lender origination plus 1 - 2 points broker
6 month guaranteed interest (6 mo ppp)
No up front fees other than legal / bpo / bov** . Typically $3k-$5kUSD
In person site visit.
Closing time for a Puerto Rico Fix and flip loan usually 1-2 weeks.




call 440-637-5646
 
or EMAIL:   puertoricorealestateloans@michaellewisgroup.com     
.     
 

Puerto Rico Fix and flip loan - fast close.

**bpo / bov - broker price opinion / broker opinion of value - if needed. Lender typically does site visits but might want a 2nd opinion of value from a real estate broker.