First Banc Capital

Who Need A Fix & Flip Loan?

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Another Great Fix and Flip program with lower Liquid asset requirements.
FIRST BANC CAPITAL'S Newest Fix and Flip Loan program

NOTE: You cannot buy a home to live in. Non Owner Occupied properties only!!!!!

We offer competitively priced loans, and quick closings.

Rehab Programs
� Fix and Flip - Simple rehab to full blown cosmetic rehab. For first timers and seasoned investors who buy, rehab and sell non-owner occupied residential properties of up to 4 units.

� Buy, Tear Down, and Build
� Fix and Rent
� New Construction Ground up or Tear Down

Loan Features
� $100,000 - $2.5M loan amount
� Flexible underwriting with minimal documentation
� Quick closing time - 10-14 days or less available
� Maximum LTV (purchase): 85%
� Maximum ARV (after-repair value): 75%
� Maximum LTC Rehab /construction: 100%
Most fix and flip loans are 85/100 here.
MINIMUM Credit score is 620
� Extremely competitive rates
Liquid Assets, just enough money to close the loan, no seasoning, no sourcing
An easy way to qualify: if you have 25% of the purchase price in cash, that's usually enough.
That covers down payment, closing costs, interest reserves, and 10% of the rehab budget.
� Loan term: 6-18 months
� Extensions options available
� In-house easy draw process for Construction Loans: fulfilled in four days
� Property types: single-family residence, townhome, planned unit development, condominium, 2-4 unit, multi-family (5-25 units)
� All properties must be non-owner occupied
� No prepayment penalties
� Markets: AZ, CA, CO, DC, FL, IL, MD, NC, PA, TN, TX, VA & WA
� Foreign national: subject to a lower LTC/LTV threshold

Loan Benefits
� Easy lending on residential and rehab projects
� Less capital required to complete a project
� You are covered if projects are extended (Quick access and hassle-free draws)

First Banc Capital
614-699-2262
678-902-2626
[email protected]
www.firstbanccapital.com ( Fill out our Fix and Flip online application 24 hours)
Offices in Columbus Ohio & Atlanta Georgia
Lending Nationwide

First Banc Capital - Home First Banc Capital, Columbus, Ohio 43216 Atlanta, Georgia 30303 Commercial Real Estate Financing