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Residential Fix & Flip Guidance (As of 11/25/2020)

Loan Amount

  • Min: $50,000
  • Max: $1,500,000 [>$1,500,000 on exception]

Maximum Loan to Cost

  • 90% of Purchase Price [not to exceed 90% LTC]
  • 100% Rehab Costs

Maximum Loan to ARV

  • 70% [75% on exception]

FICO

  • If past Bankruptcy or Foreclosure: 12 month IR

Term Length

  • Up to 12 months

Recourse

  • Full Recourse
  • Pledge of Shares [1% increase in rate for no pledge]

Experience

  • All Levels Considered

Profit Test

  • Minimum $15,000

Borrower Pricing

  • 10/2+ for experience score = 4,5
  • 5/2+ for experience score = 3
  • Loans < $150,000 full boat mandatory
  • Above terms do not include broker point(s) – broker must add

Required Documents for Approval

  • Application with Personal Financial Statement
  • Valid government issued ID
  • Purchase agreement/contract
  • Proposed scope of work
  • Entity Documents / Proof of business ownership
  • Title
  • Hazard Insurance (Builders Risk Policy issued by Nautilus, Scottsdale, Seneca or Lloyds of London)
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what our clients say...

Andrew Blume

"Val and his team @ Total Merchant Resources have been a life line for my business. Personable, friendly and reliable. Don’t know where I would be without their services. Looking forward to our continued business."

Andrew Blume, OWNER AT Two Men and an Appetite

Dawn Lepkowski

"Total Merchant Resources is always very helpful and an amazing person to work with. I have been doing business with your company for 3 years and wouldn't want anyone else to handle my account. He makes you feel very comfortable in the process of getting the loan and is extremely knowledgeable in the loan process."

Dawn Lepkowski, OWNER AT Belmont Cafe

Ernest J. Reilly

"Total Merchant Resources and Val Pinkhasov has been a big part of T.E.E.M.’s growth. Mr. Pinkhasov has been easy to work with and most importantly he provide one thing the rest of the Industry doesn’t, he provides integrity, truthfulness and a personal touch. It’s been a pleasure working with Mr. Pinkhasov, over the last 5 years."

Ernest J. Reilly, Founder/CEO AT TEEM Academy

Barbara Lewis

"We all have a cash flow problem at one time or another and if you are having the problem, TMR is your solution. The process is painless and fast. Val and his staff are knowledgeable, courteous and efficient. Call Val today."

Barbara Lewis, OWNER AT Lewis Janitorial Supply

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