Direct Lender for Fix & Flip Investors

Advest Financial is a Pennsylvania based private lender.  We provide short-term hard money loans to residential real estate investors in PA, NJ, and NY.  We are self-funded, allowing us to efficiently fund your project using 100% of our own capital.  Obtaining a loan from Advest is straightforward and fast.  You will deal directly with the decision makers.

Rehab Fix & Flip Loan Program

  • Term: Up to 12 Months
  • Loan Amount: $250,000 – $1,500,000
  • Total Loan Amount: Up to 65% ARV
  • Interest Rate: 10% – 14%
  • Origination Fees: 2% – 3%
  • Property Types: Residential
  • Occupancy: Non-owner Occupied
Property Geographic Area Details
Philadelphia, New Jersey, New York City
Loan Amounts
$250,000 to $1,500,000
Interest Rates
10% to 12%
Loan Terms
3 months to 12 months
Origination Fees
2.0% to 3.0%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Improve Subject Property
Property Occupancy
  • Vacant

Property Types

  • 2-4 Units Residential
  • Condominium
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent

Max Loan-to-Purchase Price

85%

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
Advest's loan program offers financing for up to 85% of the purchase price + up to 100% of the renovation costs, not to exceed 65% of the after repair value.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

65%

Legal Fee

Legal Fee is paid by the borrower. Fixed amount. Usually $2,000.

Inspection Fee

$250 inspection fee for each draw.

Appraisal Fee

Cost of ordering the appraisal. If there is renovation work, there will be an as-is and after repair value appraisal.

Fees which are mandatory for all new borrower clients

  • Appraisal Fee
  • Background Check Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
Pre Payment Penalty

no

Will lend to a foreign national

no

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

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • LLC
  • Limited Partnership
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

680

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Additional Details

We charge a one-time fee of $150 for new borrowers. This helps offset the cost of a background check and a credit check. There are no other application fees.

Contact Advest Financial

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

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Advest Financial is a private lender located in the suburbs of Philadelphia.  Before forming Advest, the management team has participated in many private real estate transactions and has experience managing all aspects of structuring, financing, and evaluating investment properties.

As a private lender, we lend capital to real estate investors who value our fast, common-sense approach.  Our focus is to build loyal customer and broker relationships through trust, transparency, and personalized service.

 

Company Size (Number of Employees)

3

Year Established

2019

Office Locations

Advest Financial
41 University Drive - Suite 400, Newtown, Pennsylvania 18940

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Residential Property

100%

Contact Advest Financial

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

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

Contact This Lender

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact Advest Financial by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$250,000

Send an email to Advest Financial