Don't Just Rehab.

Rehab RIGHT.

Introducing the loan that lets you buy now,
plan smart, and add your rehab after closing.

You know the drill. You just found a killer deal. But to get it, you have to move fast. There’s no time to do a thorough inspection and put together an air-tight rehab budget before you secure funding.

It’s just the risk real estate investors have to take, right? Not anymore!

The Option80 Fix-And-Flip loan* is designed to give you the flexibility to get your rehab right before adding it to your loan. Now you can take the time to:

  • Get that proper inspection done.
  • Get those multiple bids from contractors.
  • Get the precious time you need to nail down your rehab numbers and add it after closing!

Rates
starting at
7.99%*

Up to
120 days
to add
your rehab

Close in as
little as
3 days

Fund
up to 80%
of purchase
price

Finance
up to 100%
of your rehab

Easy
drive-by
appraisal

Option80 Loan Details

Rates and requirements may vary in California.
  • Term | 12 months
  • Rate | 7.99% (10.99% after rehab is added)
  • Points due at closing | 2%
  • Loan to cost | 80% of purchase price + 100% of repairs (not to exceed the purchase price)
  • Loan to value | Initial funding 75% of as-is value, rehab funding 75% of ARV
  • Time to close | As little as 3 days
  • Credit score | 650+ FICO score
  • Experience | 3 previous flip or rental properties
  • Income Verification | None

FAQs

No, not at the time of closing on the purchase. Before closing, we will do a drive-by, as-is appraisal. If you choose to add the rehab to your loan, we will require an interior subject-to appraisal at that time.

You have up to 120 days to take the rehab — fees will apply.

The rehab portion can not exceed 100% of the purchase price.

You have to have owned 3 investment properties in the past 10 years.

One of the biggest challenges our borrowers come up against is time. With so many unknown variables, it’s hard to plan a solid rehab budget before closing. With our new Option80 loan this isn’t an issue. Investors can close fast and then take their time after closing to get contractor bids, plan their rehab and apply for permits before adding the rehab to their loan. We hope this added flexibility helps our customers achieve even more success.

Magin Mason

Vice President, Sherman Bridge Lending

HOW OUR FUNDING PROCESS WORKS

When you find a good deal, you need to move fast. And you need a lender you can count on. We pride ourselves on our ability to consistently deliver on time and under pressure because that’s when it matters most.

Get Pre-Approved

Apply online and one of our loan officers get in touch to help you get pre-approved and provide a proof of funds letter should you need one.

Submit Your Deal

After you’ve found your deal, your loan officer will gather your documentation and guide you through the underwriting and closing process. If approved, you can expect to close in as little as 7 days.

Flip or Hold

Rehab your property and resell within 12 months or buy and hold for up to three years.

See what our customers have to say

Get pre-qualified now so you don’t miss out on any bargain flips. Fill out the form below to get started.

Thank you for reaching out!
One of our loan consultants will be in touch shortly.

In the meantime, check out our blog to see realistically how long it takes to flip a house or check out our rehab checklist & calculator.

Read the Blog

Get pre-approved for our special anniversary rate. Fill out the form below to get started.

Thank you for reaching out!
One of our loan consultants will be in touch shortly.

In the meantime, check out our blog to see realistically how long it takes to flip a house or check out our rehab checklist & calculator.

Read the Blog

Call us now at (866) 234-6732
5000 Riverside Drive, Bldg. 5, Suite 100W,
Irving, TX 75039
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*Option80 Loan Details: 12-month interest-only term. 7.99% rate and 2.0% points due at closing. A $600 modification fee will be collected out of the rehab escrow if and when rehab is activated, at which time the rate will increase to 10.99% and an additional 1.5% finance points will be deducted from the rehab escrow. If the rehab option is refused or otherwise not activated by the 120th day following closing, the rate stays at 7.99% and no additional finance points are collected. Requires 650+ FICO score (680+ in CA) and a minimum 3 flip or rental properties (non-owner occupied) purchased in the last 10 years. 

 

All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms, and interest rates are subject to change without notice. Other restrictions and limitations may apply.

Copyright 2020 | All Rights Reserved. Sherman Bridge Fund, LLC. operates via NMLS ID#1031946