Let us turn that prospective property into a reality.
Our Fix and Flip loans offer unparalleled flexibility for 1-4 unit residential rehab properties, Multifamily properties, and Condos. We assist our borrowers in securing the best results, so that they can become seasoned investors with limitless opportunities.
Starting the process has never been easier.
We offer clear lending terms that brings you closer to funding your investments.
1. Submit Your Application
Fill out our quick and easy online application with the details of your deal. A BFG team member will be in contact to discuss possible next steps
2. Get Approved
Designed with your success in mind, our loan programs combine low fees, high leverage, and helpful underwriting to get your deals closed
3. Start Your Project
After receiving an agreement to fund, it’s time to start your flip and get you closer to completion!
With terms designed to make your life easier and to get your deals closed quickly, Brooklyn Funding Group delivers top of the line creative and professional support. Review our general terms below, and see if BFG is the right firm for your project.
|Property Type||Single Family Residential 1 to 4 Units|
Mixed-use, Multi-5, Condos
|Exit Strategy||Sale or Refinance|
|Max LTC||Up to 90% of purchase costs|
|Max LTV||Up to 80%|
|Max ARV||Up to 75%|
|Interest Rate||From 7.99%|
|Loan Term||12 months (no prepayment penalty)|
Up to 6-month extension option
|Appraisal & Inspection Fee||From $475 (paid upfront, pass-through cost)|
|Loan Origination Points||From 2%|
|Processing & Underwriting Fee||From $1500 (paid at settlement)|
|Interest Reserves||Up to 6 months|
|Draw Inspection Fees||From $150|
For full lending terms, please download our Term Sheet PDF.
Not all borrowers will qualify for the lowest rate. Some exclusions apply by state.
APPLY FOR YOUR FIRST LOAN
Ready to apply for funds on your next deal? Please fill out the form below.