Current Rates
Flipstar Lending is a full service private money lender. We handle multifamily, transactional, rehab to flip, rehab to keep, rental and small commercial financing options to our borrowers.
Questions?
Call: 502-437-4033
Email: support@flipstarlending.com
Visit: 1521 Midland Trail, Suite B
Shelbyville, KY 40065
Single family
8.25%-11% APR, 1-5 points, 75-85% LTC, 2-5 days closing
Fix And Flip
Loan to ARV: 65% – 70%
Term Length: 6 – 13 mo.
85%-90% Purchase/Rehab Costs
100% Financing Available
NO MONEY DOWN
Construction
Loan to ARV: 70%
Term Length: 13 months
Bridge Plus
LTV: 80%
Experience: 5+ completed flips in the last 24 months
Term Length: 13 months
Cash Out
Loan to As-Is Value: 50%
Term Length: 13 months
Down Payment: 0%
(if property is owned outright)
Multifamily Loan Overview
Capitalize on Multifamily Investment Opportunities Nationwide
Our loan product is industry leading, requiring a low down payment, and the ability to roll fees and closing costs into the loan. If you’re looking to purchase or refinance a multifamily property — comprised of 5 or more units — in need of value-add rehab or currently turnkey ready, our Multifamily loan program is perfect for you.
This unique loan program provides you with the flexibility and leverage to capitalize on multifamily investment opportunities nationwide, whether it’s a value-add project or a short-term hold for seasoning purposes.
Value-Add Rehab
Rate: 8.99 – 10% — Interest Only
Term Length: 2 years
* No Pre-Payment Penalty
Loan Limits: $250,000 – $5MM
Loan-to-Cost (Purchase): 80%
Loan-to-ARV (Refinance): 70%
Stabalized
Rate: 7.50 – 8.10% — Interest Only
Term Length: 2 years
* Extension Available
Loan Limits: $250,000 – $5MM
Loan-to-Value (Purchase): 75%
Loan-to-Value (Refinance with Cash-Out): 60%
Loan Advantages
Down payment as low as 20% for value-add purchases. No “As-Is” DSCR Requirements. Fees and closing costs may be rolled into the loan. Fast due diligence and closings. Dedicated analyst for each loan file. Cash out options available.
Rental Loans
Rental Loan
Term Length: 30 Year, Fully Amortized
Interest Rate (ARM): 5.75% – 8.025%
Property Types: SFR 1-4/PUDs/Condos
Single Property & Portfolios
Minimum Loan Amount: $50,000
Maximum Loan Amount: $1,000,000
Maximum LTV: 75%
Minimum Credit Score: 660
Debt-to-Income for Borrower: None
Rental Premier
Term Length: 30 Year, Fully Amortized
Interest Rate (ARM): 5.50%-7.78%
Interest Rate (30-Year, Fully Amortized): 7.25%-9.15%
Term Options: 5/1 ARM, 10/1 ARM, and 30-Year Fully-Amortized
Property Types: SFR 1-4/PUDs/Condos
Non-Recourse?: Yes
Minimum Loan Amount: $500,000 & 5 Properties
Minimum Property Value: $60,000
No Maximum Loan Amount
Maximum LTV: 80%
Minimum Credit Score: 660
Debt-to-Income for Borrower: None
Rental 2+1 Loan Overview
Term Length: 2 years with 1 year extension option
Property Types: Single-family detached residences, 2-4 unit residences,
condominiums, and townhomes
Single Property: Yes
Portfolio: Yes
Minimum Loan Amount: $50,000
Maximum Loan Amount: $2,500,000
Maximum LTV: 75%
Minimum Credit Score: 660
Debt-to-Income for Borrower: None
Minimum Number of Properties: 1
Get Pre-Approved Today
Complete our short pre-approval form and get a personal, customized pre-approval letter instantly. Each submission is authorized for up to $500,000 and is good for 60 days.