We want to take a look at all of your opportunities our underwriting is flexible and our team can help investors get creative.

Loan Amounts
$50,000 to $2,500,000
Interest Rates
7.99% to 12%
Loan Terms
12 months to 36 months
Origination Fees
2% to 3.50%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Types

  • 2-4 Units Residential
  • Condominium
  • Hotel
  • Industrial
  • Mixed-Use
  • Motel
  • Multifamily
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Line of Credit Portfolio of Properties

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Gap Lender

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Fees which are mandatory for all new borrower clients

  • Appraisal Fee
  • Credit Report Fee
  • Background Check Fee
  • Extension Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Credit Report Fee
  • Background Check Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

We love to partner with experienced investors on all types of projects. Reach out to tell us about the opportunity.
Borrower Entity Types Considered
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

580

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

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1122 pays us to be listed, so there is no fee to connect with them directly.

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FlipSimpli provides affordable capital to real estate investors while keeping the process simple.

Company Size (Number of Employees)

5

Year Established

1

Office Locations

Ernie Blockburger
2605 S MacDill Ave, Tampa, Florida 33629



Primary Capital Source
  • Own Funds
  • Individual Investors
  • Private Equity Funds
Alternative Capital Sources
  • Debt Fund We Manage
  • Hedge Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Total Number of Loans Funded to Date

25

Total Loan Volume Funded to Date

$6,000,000

Contact 1122

1122 pays us to be listed, so there is no fee to connect with them directly.

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$50,000

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