ON DEMAND CAPITAL LENDING CRITERIA
The first part of every successful fix and flip is finding the right real estate property. That’s why we’ve created this easy, 5-point guide to help you find the “sweet spot” deal, which can give you the best chance at making money in real estate, while safeguarding your investment.
At On Demand Capital we are only interested in funding projects that will give you the best opportunity at realizing success. Therefore our criteria is centered around these 5 points:
WHY THESE CRITERIA?
Homes above the FHA cap are statistically more likely to experience drastic fluctuations in value and can be more susceptible to local and overall market depreciation. Homes in the 5-point realm tend to be more resilient to these influences.
Why 1-4 Units?
This is important. When you invest within these parameters, you can attract a larger segment of the market, including FHA buyers. This increases your ability to appeal to more people in more demographics.
Why price your home at or below FHA requirements?
FHA loans bring home ownership into reach for first-time home buyers who might have a hard time getting approved with conventional lenders. This increases your ability to sell your property faster and broadens your ability to attract more potential buyers.
Why a smaller home with no more than 5 bedrooms and 3 baths?
Millennials and Boomers are the two segments expected to dominate the market in the next five years. Both of these segments are looking at smaller homes: Millennials because they’re just starting out; Boomers because they’re downsizing. Candace Taylor of The Wall Street Journal wrote, “These days, buyers of all ages eschew the large, ornate houses… in favor of smaller, more modern-looking alternatives.”
PROOF OF FUNDS
Give Your Offer Credibility
Easy To Generate
Close Deals Faster
$25,000 To $5,000,000
FIX AND FLIP
Non-Owner Occupied Single Family Residential (1-4 Units)
Investment Purpose: Acquisition, Cash-Out, Refinance, Rehab
90% Purchase – Up to 100% of Rehab (90% LTC) – Not To Exceed 75% of After Repair Value. Refinances up to 65% Loan to Value.
Rates: 8%-15%
Term: 6-24 Months
HARD MONEY LOANS
Get Your Loan Faster
Lenders Look At The Deal, Not You
Fund Deals When Banks Say No
More Flexible Lending Criteria
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