Loan Terms

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Transparent.

No hidden fees, no surprises. Here's exactly what to expect when you work with us.

Loan Structure

Short-Term Fix & Flip Financing

We specialize in short-term fix and flip loans of up to 6 months for new and experienced operators. We lend only to limited liability company (LLC) entities.

Loan Amount Determination

Purchase Price: up to 80%
Repair Budget: up to 100%
Loan to Value: up to 65% of ARV
Loan Amount: $50,000 – $300,000

Note: Funds allocated to repairs are held back in escrow and reimbursed to the borrower in three equal draws after proof of repairs and paid receipts have been submitted and reviewed.

Fee Structure

Interest Rate
13%
interest only (6 mos prepaid)
Origination Fee
3%
of loan amount
Underwriting Fee
$995
Draw Fees
$200
per draw

Note: Loan interest payments are collected up front for the loan term, but any overpaid loan interest is prorated back to the borrower at the time of loan repayment if applicable.

Other Costs

Note: We require insurance to be prepaid at closing and Special Projects Funding must be named as an additional insured lender.

Other Considerations

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Disclaimer: This document is not a loan offer. Terms and conditions listed above are only an example of a typical loan structure from Special Projects Funding. Every loan application is subject to underwriting, and loan terms are structured on a case by case basis based on risk analysis and other factors.