Financing for Fix and Flip Projects in Washington, DC

Washington, DC is home to a growing number of opportunities for property flippers. From Woodley Park to Bloomingdale, Cathedral Heights, West End, the Waterfont, and all neighborhoods in between, Charis Commercial Capital provides fast, flexible, and accessible fix and flip financing solutions. We are focused on successfully funding property flippers throughout Washington, DC who are revitalizing local communities one property at a time. We work directly with local property flippers to make sure they have the capital necessary for acquisitions and renovations with our fix and flip lines of credit, as well as our fix and flip loans.

Fix and Flip Lines of Credit for Residential Properties in Washington, DC

Charis Commercial Capital offers fix and flip lines of credit to property flippers at all levels. Whether you are working on an individual fix and flip project, multiple property units, or managing hundreds of renovations at once, our lines of credit have you covered. Our fix and flip lines of credit offer the following features for properties in Washington, DC:

• Credit limits up to $5 million
• Available for 1 to 500+ properties
• Up to 90% of cost for property purchases
• Up to 95% of cost for renovations
• Terms up to 12 years
• Fast closings within 12 days

Fix and flip lines of credit from Charis Commercial Capital can be used to purchase and renovate a variety of properties in the Washington, DC area, such as:

• Condominiums
• Single-family
• Multifamily
• Town houses

Fix and Flip Loans for Properties in Washington, DC

Charis Commercial Capital offers fix and flip loans that are structured to cover the cost of property acquisitions and renovations in the Washington, DC market. Our fix and flip loans are robust and accessible, so even first-time property flippers can get the financing they need. Fix and flip loans from Charis Commercial Capital feature:

• Loans from $50K to $7.5M for condos, town houses, and 1-4 unit multifamily
• Loans from $250K to $10M for 5+ unit multifamily and mixed-use
• Up to 90% of cost for acquisitions
• Up to 100% of rehab cost
• Up to 75% ARV
• Rates as low as 7.49%
• Terms up to 12 months with a 6-month extension available
• No prepayment penalty

Fix and flip loans from Charis Commercial Capital can be used for to purchase and renovate the following property types:

• Condos
• Mixed-use
• Multifamily
• Non-owner occupied 1-4 family
• Town houses with 5+ units

Charis Commercial Capital has made fix and flip loans very accessible in Washington, DC. Applicants must meet the following requirements to qualify for our fix and flip loans:

• Minimum as-is property value of $50K for single family homes
• Minimum as-is value of $25K per unit for 2-4 family properties
• Minimum as-is value of $35K per unit for 5+ family and mixed-use properties
• 620 Minimum FICO

Get Your Fix and Flip Projects Financed

If you need funding for fix and flip projects in the DC area, contact the team at Charis Commercial Capital today.