FIX & FLIP OR RENTAL
At Upsurge 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 4 points:
Property Type: Residential 1-4 units (more if a commercial request)
Sale Price: After rehab sale price can’t exceed FHA Max for property location
Size of single family home: Max around 3,000 square feet with 5BR-3BA but variations are frequent
Property Size: Around 1/2 acre+-
Your credit score is not a major factor as all our loans are based on the asset values, however, a higher credit scores (680+), and down payment (20% or more) provides you more flexibility.
Go to the frequently asked questions to learn more about other options.
We can only lend for non-owner occupied deals.