Doivel Funding provides Fix & Flip loan to investors who are willing to purchase distressed non-owned property, to renovate and sell the property for a profit. We are based-equity driven financing private lender. Meaning we based our loan only on the property for collateral. We actually funded up to 80% of the property purchase price or not exceed 65% loan to value (LTV). That permit investors to put down small amount of cash out of pocket and to use the rest from Doitvel Funding.
Check our Fix & Flip guidelines below.
Term: 6 to 24 month
Rate: 10%+
LTV: 65% after repair value or 80% of the purchase price, 65% refinance
FICO: No minimum
Typical Property: 1-4 residential non-owner property
Lien Position: First lien
Min Loan: $15,000
Maximum Loan: $5,000,000
Down Payment: 20%
Lender points: 2% to 5%
Location: Nationwide Except:
Collateral: Cross-collateralization
What do I need in order to pre-approve?
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Submit a pre-approved application or contact our loan officer for application
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Provide Doitvel Funding with pre-approved documents
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Financial review does not determine your loan approval
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If you qualify, It will takes 12 to 45 days from application to closing
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It could be faster, if you provide all documents in a fast speed
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