ICS Bank Loan

Fix & Flip Loans

ICS Fix & Flip loans provide competitive rates for investors that purchase, fix and flip real estate for profit.

PURPOSE

Fix & flip, rehab purchase and refinance projects.


PROPERTY TYPES

Multifamily 5 -20 Units, Single Family 1 -4 Units


LOAN SIZE

$50,000 - $3,000,000


TERM

12 Months w/3 month extensions


AMORTIZATION

Interest Only


RATES

Federal Prime + 3% - 7.25%

Rates are based on location, property quality, leverage, and building experience.


MAX LOAN-TO-VALUE

85% - 90%


MAX ARV

75%


PREPAYMENT

No prepayment after 4 months.


FEES / POINTS

1% - 3%

Points vary based upon property location, property type, income, and borrower financials. 


CLOSING TIME-FRAME

21 - 30 Days


FULL APPRAISAL

A full appraisal is required for all ICS Fix & Flip loans based off existing value and ARV.

PROPERTY TYPES

Multifamily

Single Family 1 -4 Units

Loan Program  Brochures