Question 1

What types of properties are eligible for Fix & Flip / Bridge Loans offered by Essencap Funding?

Accepted Answer

Essencap Funding supports Single-Family Residences (SFR), 2-4 unit properties, condominiums, townhouses, multifamily properties, and mixed-use properties (considered on a case-by-case basis).

Question 2

What are the minimum and maximum loan amounts for Fix & Flip Loans offered by Essencap Funding?

Accepted Answer

The minimum loan amount for Fix & Flip Loans is $75,000, with a standard maximum of up to $2 million. Loans exceeding $2 million are available on a case-by-case basis.

Question 3

What is the minimum FICO score required for Essencap's Fix & Flip / Bridge Loans?

Accepted Answer

Essencap requires a minimum FICO score of 680 for Fix & Flip / Bridge Loans.

Question 4

Does Essencap lend to companies or LLCs?

Accepted Answer

Yes. Essencap provides financing to a range of business entities, including LLCs, limited and general partnerships, and corporations.

Question 5

Is there a prepayment penalty?

Accepted Answer

No, there is no prepayment penalty on Essencap's Fix & Flip / Bridge Loans, providing flexibility for early payoff upon sale or refinance.

To help us understand your need, you can use any of the below intake forms

Investment Property Intake Form

Bridge/ Fix & Flip / Construction Intake Form

General Intake Form

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