Financing Solutions for Property Flippers in St. Louis, MO
St. Louis, MO has many opportunities for local property flippers to revitalize individual homes and entire communities. At Means Commercial Capital, we provide financing designed specifically for fix and flip projects in St. Louis, from Shaw to Tower Grove, Debaliviere Place, and all points in between. We work with property flippers at all levels to provide financing tailored to their needs to keep projects on track and maximize their bottom line.
Lines of Credit for Fix and Flip Projects in St. Louis, MO
Means Commercial Capital offers lines of credit that can be used for purchasing and renovating individual properties, multiple fix and flip projects, or entire portfolios with hundreds of units. Fix and flip lines of credit from Means Commercial Capital feature:
- Credit limits up to $5 million
- Available for 1 to 500+ properties
- Up to 90% of cost for property purchases
- Up to 95% of cost for renovations
- Terms up to 12 years
- Fast closings within 12 days
Fix and flip lines of credit can be used for the following properties:
- Condominiums
- Single-family
- Multifamily
- Town houses
Loans for Fix and Flip Projects in St. Louis, MO
Fix and flip loans from Means Commercial Capital can be used to purchase and renovate properties in St. Louis, MO, including:
- Condos
- Mixed-use
- Multifamily
- Non-owner occupied 1-4 family
- Town houses with 5+ units
Means Commercial Capital offers loans to St. Louis property flippers that offer the following:
- Loans from $50K to $7.5M for condos, town houses, and 1-4 unit multifamily
- Loans from $250K to $10M for 5+ unit multifamily and mixed-use
- Up to 90% of cost for acquisitions
- Up to 100% of rehab cost
- Up to 75% ARV
- Rates as low as 7.49%
- Terms up to 12 months with a 6-month extension available
- No prepayment penalty
Fix and Flip Loan Guidelines for Applicants in St. Louis, MO
At Means Commercial Capital, we offer accessible financing for fix and flip projects in St. Louis. To qualify for our fix and flip loans, applicants must meet the following requirements:
- Minimum as-is property value of $50K for single family homes
- Minimum as-is value of $25K per unit for 2-4 family properties
- Minimum as-is value of $35K per unit for 5+ family and mixed-use properties
- 620 Minimum FICO
Financing Designed for Property Flippers in St. Louis, MO
Means Commercial Capital is headquartered in St. Louis, which allows us to keep a finger on the pulse of the local property markets. We work directly with property flippers, from those new to the field on up to seasoned pros with years of experience. We are committed to successfully financing fix and flip projects throughout St. Louis, MO by providing solutions tailored to the needs of local property flippers. Contact Means Commercial Capital today to learn more about our fix and flip financing solutions.