Fix to Rent Loans for Real Estate Investors
Serving Ohio, Indiana & Kentucky
Since 2005, MM Lending has been the region’s trusted private money lender, funding over $1B in loans.
As your go-to source for funding, we offer competitive rates, fast closings, and local market expertise.
Fix to Rent BRRRR Loans
Loan Program Terms & Features
- Loan to Value: Up to 70% of After Repair Value
- Credit Score: 680 minimum
- Finance: 90% of Purchase and 100% of Budgeted Rehab Cost
- No Prepayment Penalty
- Deferred Interest: up to 6 months of interest payments can be deferred to loan payoff
- Same-Day Draw Funding: fastest in the industry
- Term: 12 months with extension options
- Time to Close 10 days or less
- Rates: 11-12%
- Points: 1-2, deferred to loan payoff
- Processing Fee: $1,200
- Appraisal Fee: $500 average
- Property Types: 1-4 unit residential properties
- Loan Types: Non-owner occupied residential properties
- Geography: key metropolitan areas of Ohio, Indiana, and Kentucky
- Business Loan: we only lend to LLCs, partnerships, corporations, or trusts
- No Junk Fees
Qualification Requirements
There are three ways to get pre-qualified for a loan from MM Lending
Experience
A minimum of 2 completed flips in the prior 36 months where the investor was at least a 51% owner, managed the rehab, and the property was sold on MLS or refinanced into a rental. Investors should also have cash reserves sufficient for down payment, closing costs, working capital and some contingency funds.
Financial
For new investors that do not have experience, MM Lending offers a financial qualification which includes a combination of strong cash reserves, credit score and annual income.
Sponsor – Mentor
Don’t have the experience or financials to qualify? Find an investor who does, have them pre-qualify with MM Lending, and then partner with them.
Why Choose MM Lending?
Fast
Get pre-approved in 24 hours and close within 7-10 days
Simple
Communicate with real people for a hassle-free experience
Experienced
Since 2005 our veteran team has helped thousands of investors
Take the First Step
