Our loan program stands out for its speed and simplicity, devoid of any bureaucratic hurdles, financial documentation, or extensive verifications. We’ve streamlined the process to make it hassle-free, involving a brief application. Our primary requirements are that the property you’re purchasing should possess substantial built-in equity to ensure a profitable outcome. Additionally, we look for fair credit and some prior experience in fixing and flipping properties.

At Save Financial, you have the flexibility to choose between two financing options: one based on the property’s as-is value, with no rehab costs included (typically ranging from 80-95% of the purchase price), and another based on the after-repair value (ARV), which also includes funds for rehabilitation (usually between 65-75% of the property’s future value). Importantly, we don’t impose a minimum down payment, and in many cases, especially if you’re securing an excellent deal, your upfront investment may be minimal or even non-existent.

We take pride in being a lender with a straightforward approach, utilizing our own funds for your financing needs. You won’t have to wait for investor funds to become available. Typically, our loan terms span 6-12 months without a pre-payment penalty, and there are no upfront appraisal fees. We are committed to tailoring our program to match your specific requirements, going the extra mile to accommodate your needs.

Our funding process is swift, typically taking 3-5 business days. In urgent cases, we can expedite your fix and flip loan in as little as 24 hours, provided that the escrow is prepared.

Feel free to reach out to us for a preliminary approval or simply complete our convenient application to kickstart your journey!

We assess the property based on its projected, improved value after renovations. The loan-to-value ratio typically ranges from 65% to 75% of this anticipated future value. In some cases, we might have the capacity to finance the entire purchase price along with the complete repair costs, contingent upon the property appraisal. Funds earmarked for the rehabilitation work are reserved within the loan and disbursed to you as the repair process unfolds. Alternatively, we can offer financing at levels from 80% to 95% of your purchase price, with no requirement to hold rehab funds. Our loan program is adaptable and can be customized to align precisely with your unique business model.

You have two convenient options to kickstart the process:

1. Give us a call, and you’ll receive an instant quote or preliminary approval.

OR

2. Complete our concise application to swiftly secure an immediate approval and receive a credit line letter. This letter serves as proof of funds, which can be included in all-cash offers.

In cases of urgency, where you already have a deal in progress and need a prompt response, you can email us at info@ilendca.com with the following three items:

1. A copy of the purchase contract along with your contact details.
2. Your estimate of the property’s after-repair value (ARV).
3. The anticipated repair costs.

Upon receiving this information via email, we will typically respond within 24 hours (Monday to Friday). Our response will include the property’s assessed value, the approved loan amount, and any funds you may need to contribute to the escrow at the closing, if applicable.