Fix and Flip Loan
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  1. #1
    Senior Member Reputation points: 227883
    Join Date
    Feb 2017
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    Velocity is a stip-crazy (handwritten note that the cash-out is for business purposes?!?!), and they don't do Fix & Flip loans.
    I just secured a million dollar LOC for a fix & flip investor at 8% and 3.5 points. Working on a second one, as well.

  2. #2
    Karen37a
    Guest
    Quote Originally Posted by abfunders View Post
    Velocity is a stip-crazy (handwritten note that the cash-out is for business purposes?!?!), and they don't do Fix & Flip loans.
    I just secured a million dollar LOC for a fix & flip investor at 8% and 3.5 points. Working on a second one, as well.

    Yes I thought they were more of a buy and hold company

    Ill contact rcn....they use to have the brokers protected

    ...i hate doing these with the stip crazy crap

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