Fix and Flip Loans for Real Estate Investors
Since 2005, Local Investments, LLC has been the region’s trusted private money lender, funding over $1B in loans.
As your go-to source for funding, we offer competitive rates, fast closings, and local market expertise.
Fix & Flip Loans
Loan Program Terms & Features
Loan to Value: Up to 75% of After Repair Value
Finance: 90% of Purchase and 100% of Budgeted Rehab Cost
No Prepayment Penalty
Deferred Interest: up to 6 months of interest payments can be deferred to loan payoff
Same-Day Draw Funding: fastest in the industry
Term: 12 months with extension options
Time to Close 10 days or less
Rates: 11-12%
Points: 1-2, deferred to loan payoff
Processing Fee: $1,200
Appraisal Fee: $500 average
Property Types: 1-4 unit residential properties
Loan Types: Non-owner occupied residential properties
Geography: key metropolitan areas of Ohio, Indiana, and Kentucky
Business Loan: we only lend to LLCs, partnerships, corporations, or trusts
No Junk Fees
Qualification Requirements
There are three ways to get pre-qualified for a loan from Local Investments, LLC
Experience
A minimum of 2 completed flips in the prior 36 months where the investor was at least a 51% owner, managed the rehab, and the property was sold on MLS or refinanced into a rental. Investors should also have cash reserves sufficient for down payment, closing costs, working capital and some contingency funds.
Financial
For new investors that do not have experience, Local Investments, LLC offers a financial qualification which includes a combination of strong cash reserves, credit score and annual income.
Sponsor – Mentor
Don’t have the experience or financials to qualify? Find an investor who does, have them pre-qualify with Local Investments, LLC, and then partner with them.
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