Explore Our Friendly Approach to Custom Fix and Flip Financing!
NewVerse Capital is a premier direct lender specializing in fix and flip loans and other real estate investment financing solutions. Our mission is to help real estate investors and developers achieve their property goals with ease, navigating the complexities of the market. As experts in fix-and-flip financing, we understand the fast-paced nature of property investment and provide tailored solutions that support the successful renovation and resale of real estate.
With a data-driven approach and a team of experienced professionals, we offer quick and reliable funding options for your property flipping projects. Whether you’re looking for a short-term loan or a customized solution for your fix and flip projects, NewVerse Capital is here to ensure you capitalize on every opportunity with confidence. We also offer ground-up construction loans, rental property financing, and commercial real estate loans, helping you maximize your investment portfolio.
Key Features of NewVerse Capital’s Fix and Flip Loan Program
Loan Term:
- Standard term: 12 months
- 18-month option available on a case-by-case basis
Rehab/Construction Financing:
- Up to 100% of the rehab budget covered
Maximum Loan-To-Cost (LTC):
- Up to 90% LTC (percentage of the purchase price)
Maximum Loan-to-Value (LTV):
- Up to 75% ARLTV (After Repair Loan-To-Value)
LTV vs LTC:
- LTC is typically used for projects where the purchase price is lower than the rehab budget (lopsided projects)
Recourse:
- Full recourse only
Loan Amount:
- Ranges from $50K to $3.5 million
Loan Purpose:
- Rehab loan for non-owner occupied residential investment properties
Borrower Type:
- Entity required (LLC, corporation, etc.)
Eligible Property Types:
- Non-owner occupied:
- Attached or detached Single Family Residences (SFR)
- 2-4 unit properties
- Townhomes
- Warrantable Condominiums
- Non-owner occupied:
Foreign Nationals:
- Not allowed from ineligible country list
Minimum Experience:
- No prior experience required
- Borrower Type:
- Entity required (LLC, corporation, etc.)
Eligible Property Types:
- Non-owner occupied:
- Attached or detached Single Family Residences (SFR)
- 2-4 unit properties
- Townhomes
- Warrantable Condominiums
- Non-owner occupied:
Foreign Nationals:
- Not allowed from ineligible country list
Minimum Experience:
- No prior experience required
Meet Our Expert Consultants
The Driving Force Behind Our Success
JD Bates
Loan Originator
Yoni Ohayon
CEO
Alicia Santos
Processor
