Fix and Flip Loan Program

GeographyAll states except AK, AZ, CA, MN, ND, NV, NY, OR, SD, UT and WA
Loan PurposeResidential Rehab for SFU (Single-Family Unit 1-4) and MFU (Multi-Family Unit 5+)
Loan Amount Range$75K +
Loan ProcessPaperless, automated and online
AssetsSufficient to make downpayment, self-fund first phase of project, and start making loan payments. 
PrePayment PenaltyNone
Terms6 to 24 months
Loan To CostUp to 90% of purchase and 100% on repairs
Max Loan To ValueUp to 80% of After Repair Value
RatesStarting at 7.99% APR Interest Only
Determination of ValueAppraisal ordered by NavCap using approved Appraisal Management Company (AMC) 
BorrowerLoans are made to business entities (e.g., LLC, Corps, etc.) only -- not individuals
Credit GridNo foreclosures in last four years, no open tax liens, and no bankruptcies discharged in the last two years.
Credit ScoreGenerally 600 or higher
OccupancyMust be vacant
IncomeNot required
RehabMust be performed by a licensed contractor
Repair MoneyRepair money reimbursed to borrow in phases after work is completed
MFU After Repair Value (ARV)Minimum of $75K or $100K (e.g. larger cities) per unit for multi-family properties
MFU Feasibility StudyRequired prior to closing for multi-family properties only
MFU SurveyALTA survey required on loans greater than or equal to $3M for multi-family properties only
Navigator Private Capital, LLC 1910 Towne Centre Blvd Suite 250 Annapolis, MD 21401. Navigator Private Capital only makes loans for business purposes and is not a residential mortgage lender. Navigator Private Capital is exempt from licensing requirements in our geographical footprint. This is not an offer to lend or to enter into an agreement. For more information, email us at