Eligible properties typically include:
-Single-family homes
-Multi-family properties (e.x., duplexes)
-Condos or townhomes

Loan terms usually include:
-Loan duration: 12-18 months
-Loan-to-value (LTV): Up to 70-90% of the purchase price
-100% of renovation costs
-Interest rates: 8-12% (varies by lender and borrower qualifications)
-Closing costs and fees

The required credit score is 650 min.

We understand the importance of protecting your credit score.

Here's what you can expect during the application process:
Pre-Qualification: To give you an idea of your loan eligibility, we may perform a soft credit pull. This step helps us assess your creditworthiness without impacting your credit score.

Formal Application: If you decide to move forward with your loan, we will conduct a hard credit pull as part of the underwriting process. This provides us with a comprehensive view of your credit profile to finalize your loan terms.

Our team values transparency and works with you to ensure that every step of the process is clear and tailored to your needs. If you have questions about how credit checks work, feel free to contact us!

**Note: Our min credit score 650

Yes, most fix-and-flip loans require a down payment. The amount varies by lender and can range from 20-30% of the property’s purchase price.

The loan amount is typically based on the property’s after-repair value (ARV), which is the estimated market value of the property after renovations. Lenders may offer loans as a percentage of the ARV, often ranging from 65-80%.

In Genesis Global Investment Group's fix-and-flip loans, draws refer to the partial release of funds for your renovation work. As you advance through the property's rehabilitation, these draws—part of your total loan—are released step by step. This system ensures that you are covered for the entire rehabilitation costs, making it easier to manage your budget. After each phase of renovations, an inspection is conducted to assess the progress and ensure everything is on track before the next draw of funds is released.

What specific criteria are used for the inspections after each renovation phase? The inspections typically focus on verifying that the work completed matches the project plans and meets quality standards. Inspectors may look at aspects such as the structural integrity, adherence to safety regulations, and the completion of specific tasks outlined in the renovation plan.

How long does it typically take to receive funds after a draw request? The timeline for receiving funds after a draw request can vary, but it usually takes a few days to a couple of weeks. This timeframe accounts for scheduling inspections and processing the disbursement of funds.

Are there any limitations or conditions on how the funds from the draws can be used? Yes, there are often limitations or conditions on the use of draw funds. Typically, these funds must be used strictly for the intended renovations and improvements as outlined in the loan agreement. Misuse of funds for unrelated expenses could lead to penalties or complications with the loan.

we aim to make the Fix-and-Flip loan process as seamless as possible. To ensure a smooth application and quick approval, please prepare the following documentation: 1. Personal Information

• Government-issued photo ID (e.g., driver’s license or passport).
• Social Security Number or Taxpayer Identification Number.

• Recent bank statements (last 2-3 months).
• Two or three years of tax returns (Business and personal accounts).
• Proof of liquid assets to cover down payments, reserves, and renovation costs.
• Personal credit report (we may also conduct a soft or hard credit pull during the process).

• Purchase contract for the property (if applicable).
• Scope of work (detailed renovation plan with cost estimates).
• Appraisal or property valuation (if available).

• Articles of incorporation or business registration documents (if applying as an LLC or corporation).
• Operating agreement or partnership agreement.

• A summary of your real estate experience, especially with fix-and-flip projects.
• Examples of completed projects, including before-and-after photos, budgets, and timelines (if available).

• Proof of property insurance (if already acquired).

No Prepayment Penalty

Our Fix and Flip loan process is fast and straightforward. Most loans are funded within 15 to 30 days, ensuring you never miss a great fix-and-flip opportunity.

If you cannot sell the property, you may need to:
-Refinance into a longer-term loan
-Negotiate an extension with the lender
-Sell the property at a lower price to repay the loan

Risks include:
-Overestimating the property’s ARV
-Underestimating renovation costs or timelines
-Unexpected market downturns/Difficulty selling the property

Yes, some lenders allow borrowers to finance multiple properties simultaneously, provided they demonstrate the financial capacity and experience to manage multiple projects.

We provide Fix and Flip loans in all 49 states across the U.S.