Fix & Flip Financing Solutions by JLJ CAPITAL

SFR FIX AND FLIP

JLJ Capital works with experienced originators, asset managers, and developers on providing short-term financing (generally 12 months or less) used for the purchase and refurbishment/construction of residential real estate projects to be re-sold after refurbishment/construction is complete.

RESIDENTIAL FIX & FLIP LOANS ARE NON-CONSUMER LOANS

BORROWER PROFILE

Borrowers are primarily ‘fix and flip’ investors that typically sell the properties within 6 to 12 months of acquisition.  Ideal borrowers should have a verifiable track record and liquidity.  Loans are secured by first mortgage liens and personal guarantees in most cases.

CURRENTLY ACCEPTING PROPOSALS

Bridge Bridge
LOAN TYPE Residential Fix and Flip
TOTAL COMMITMENT Up to $5,000,000
SINGLE LOAN SIZE $250,000 - $2,000,000
TERM 6 - 12 months (subject to discretionary 1 to 3 month incremental extensions with 0.50% fee)
INTEREST RATE Approx. 9%-10% based on a margin over 30 Day LIBOR
LOAN TO VALUE "AS COMPLETE" Up to 75%
LOAN TO COST Up to 85%
PROPERTY Single Family: 1-4 units, Multifamily: 5+ units, Mixed Use: Residential is more than 50%
ORIGINATION FEE Greater of $1,500 or 1% - 3%
PERSONAL GUARANTEE Yes in most cases
CLOSING TIMELINE Less than 30 days
AMORTIZATION Interest Only
GEOGRAPHICAL FOCUS Nationally

EXPLORE JLJ CAPITAL TRANSACTIONS

EDGEWATER

EDGEWATER

$16.5 MM

PROSPECT LEFFERTS GARDEN

PROSPECT LEFFERTS GARDEN

$7.4 MM

329 BROADWAY

329 BROADWAY

$57.0 MM

HAMILTON

HAMILTON

$5.4 MM

RIVERSIDE

RIVERSIDE

$4.1 MM

WESTWOOD

WESTWOOD

$2.2 MM

WESTVILLE & CLEMENTON

WESTVILLE & CLEMENTON

$8.0 MM

FAIR LAWN

FAIR LAWN

$5.6 MM

TUCSON

TUCSON

$3.0 MM

BROOKLYN & HEMPSTEAD

BROOKLYN & HEMPSTEAD

$20.0 MM

BEXAR COUNTY

BEXAR COUNTY

$3.0 MM

ATLANTIC CITY

ATLANTIC CITY

$2.6 MM

DOLCE TWIN CREEKS, II

DOLCE TWIN CREEKS, II

$55.5 MM

NORTH  WILLIAMSBURG

NORTH WILLIAMSBURG

$38.0 MM

RARITAN

RARITAN

$9.8 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

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