Finance of America Commercial Review

Last Updated: July 2024

Our Summary

  • Industry leader
  • Local market presence
  • Interest rates starting at 5.5%

Backed by The Blackstone Group, Finance of America is a diversified, national real estate lender, financing over 50,000 units per year, representing over $16 Billion in transaction value. Finance of America operates branches nationally, with over 1,300 local advisors. In 2017, Finance of America launched Finance of America Commercial as a new business unit designed to serve real estate investors.

The company’s commercial and mortgage loans offer a large variety of financing solutions to real estate investors, from traditional FHA or fixed rate loans to Fix & Flip and FHA 203(k) rehab loans. Finance of America Commercial’s Fix & Flip loans are best suited for experienced investors and typically require prior investing experience, recommending a track record of at least 3 properties.

Loan Types Offered

Fix and Flip, Commercial, Construction, Refinance

Property Types

Single Family, Multi Family, Commercial

Loan Details

Fix & Flip

  • Loan Amount: $50,000 - $1,000,000
  • Loan to ARV: 70%
  • Purchase Price: 90%
  • Rehab Costs: 100%
  • Interest Rate: 6.75%+
  • Term: 9-12 months
  • FICO: 620
  • Experience required: Yes

Rental

  • Loan Amount: $75,000 - $1,000,000
  • Loan to ARV: 75%
  • Term: 30 Year Fixed
  • FICO: 680
  • No first-time homebuyers
  • Up to four-unit residential

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