The Process

We’re a team of visionaries who are uncompromising when it comes to the success of our customers. Our process ensures that we leave no stone left unturned to make certain that we find a product that aligns with your success. Apply. Build. Close.

FiBi Fix and Flip Loans.

A fix and flip loan is a short-term loan that investors can use to cover the cost of purchasing a property as well as the cost of repairs and renovations. These types of loans are like bridge loans generally used in the short-term to buy, remodel, and sell the property, typically within six months. Loans are underwritten and funded in-house thus enabling swift decisions, flexible lending solutions and quick closings.

Loan Terms.

  • Up to 70% Loan to ARV (After Repair Value)

  • 6 -12 months Terms

  • $50K to $1M Loan Amount

  • 9%-13+% Rates

  • 2-4 Origination Points

  • 3-5 Draws, if rehab required

  • No prepayment penalties or minimum hold period

Apply.

Every single project begins with a vision. So you have a non-occupied residential property and a design and construction vision for this property. You would review our loan terms and apply. Next we will review your application and property qualifications, and if the stars align, we fund. From here… You build!


Build.

The construction phase is perhaps the most exciting part of the process. Here we get to see your vision come to life. During this phase, there will be rounds of construction, draw request, and interest payments. After the project has been completed and the final draw has been funded, we move on to the final step in the process. The Close.


Close.

The final phase of the process is to sell the property, which we will be issued a payoff for the amount borrowed. Your buyer receives the superior product that you’ve developed, we receive the payoff amount, and you collect your proceeds. And the final final step is… to do it all over again!