Alaska Fix and Flip Loan Program

At OfferMarket, we understand that Alaska presents unique opportunities and challenges for real estate investors. Our mission is to help you build wealth through real estate by providing fast, reliable, and low-cost capital to purchase and renovate 1-4 unit residential properties in Alaska.

If you're a real estate investor in Alaska looking for a reliable funding partner, the OfferMarket Fix and Flip Loan program is here to support your next property investment. Whether you're flipping properties or opting for a hybrid approach, our loan program is designed to meet your needs with flexible terms and competitive rates.

What is a Fix and Flip Loan in Alaska?

A Fix and Flip loan is specifically designed for real estate investors to purchase and renovate properties. These loans are often referred to as “hard money loans” or “bridge loans,” terms commonly used by private lenders and real estate investors in Alaska and beyond.

How the Fix and Flip Loan Works in Alaska

Our Fix and Flip loans in Alaska have two main components:

1. Initial Advance – This portion of the total loan is used towards the purchase price of the property and is wired directly to the title company at closing.
2. Construction Holdback – This portion covers the cost of renovations and is released in stages as the work is completed, helping you fund the property’s transformation.

Your exit strategy after renovations is flexible. Whether you choose to sell the property for a profit or rent it out and refinance into a longer-term loan (like a DSCR loan), you can adapt based on market conditions. For instance, you may start a project with a goal to rent and refinance but later decide that flipping the property offers better returns based on current housing market trends in Alaska.

Who Uses Fix and Flip Loans in Alaska?

Our Fix and Flip loan program is used by various types of investors, including:

• Fix and Flip Investors (flippers) who are focused on quickly renovating and selling properties.
• Rental Property Investors who may also employ the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.

Many real estate investors combine both strategies depending on market conditions, and our program is built to support that flexibility.

Alaska Fix and Flip Loan Program Guidelines

When considering a Fix and Flip loan for your real estate project in Alaska, it's important to understand the complete set of guidelines to ensure you meet the eligibility criteria. Below are the key details for the OfferMarket Fix and Flip Loan in Alaska:

Criteria	Details
Loan Amount (Minimum)	$25,000
Loan Amount (Maximum)	$2,000,000
After Repair Value (ARV) (Minimum)	$100,000
Experience Required	Not required
Credit Score (Minimum)	680
Borrowing Entity	LLC or Corporation
Initial Advance	Up to 90% of the purchase price
Construction Holdback	Up to 100% of rehab costs
Loan-to-ARV (LTARV) (Maximum)	75%
Interest Rate	Get an instant quote
Origination Fee	1.5% to 2 points
Term	12 to 24 months
Points Out	None
Prepayment Penalty	None
Repayment Structure	Interest-only with balloon payment
Recourse	Full (51% of borrowing entity must guarantee)
Exit Strategy: Sale	Minimum 30% ROI
Exit Strategy: Refinance	Minimum 1.1 DSCR after repairs
Valuation	Appraisal report or in-house valuation
Minimum Square Footage	Single Family: 700+ SQFT
	2-4 Unit: 500+ SQFT per unit
	Condo: 500+ SQFT
Maximum Acreage	5 acres
Interest Accrual	Loans under $100,000: Full Boat; Loans $100,000+: As Disbursed
Advanced Draws	Lender discretion
Down Payment (Minimum)	$10,000

Project Eligibility for Real Estate Investors in Alaska

As part of our commitment to helping you grow your real estate business, we carefully evaluate each project to ensure it aligns with our risk management standards. While our mission is to help you build wealth, we also focus on ensuring that your investment is secure.

For instance, our program is best suited for those undertaking moderate rehab projects, as extensive rehabs can often come with higher costs and delays, especially in Alaska’s diverse and often remote markets.

• Experience Level: While we do not require experience, we assess the complexity of the project based on factors like the rehab scope and the location’s market dynamics.
• Rural Projects: In some remote areas of Alaska, projects may require additional experience and come with a lower initial advance due to their rural designation.
• Rehab Scope: Projects with a low rehab scope, such as cosmetic updates, tend to face fewer complications and are more eligible for higher initial advances.

Project Types Eligible for Alaska Fix and Flip Loans

The types of properties eligible for funding through the Alaska Fix and Flip Loan program include:

• Single-Family Residences
• Duplexes, Triplexes, and Quadplexes
• Condominiums and Townhomes

Whether you're flipping homes in a bustling area like Anchorage or investing in properties further out in Alaska’s more rural towns, we provide financing options tailored to your project’s unique needs.

Alaska Fix and Flip Loan Program: Experience-Based Tiers & Advanced Draws

At OfferMarket, we offer flexible financing solutions that align with your experience level as a real estate investor in Alaska. We’ve established experience-based tiers to better determine loan conditions and to offer you the best possible terms.

Experience-Based Tiers for Fix and Flip Loans in Alaska

Our experience-based tiers help determine the loan amount, initial advance, and rehab scope eligibility for your project. Here's how the tiers work:

Tier	Verifiable Experience	Initial Advance (% of Purchase Price)
1	0	80%*
2	1-2	85%
3	3-4	85%
4	5-9	90%
5	10+	90%

*Note: 85% is available on an exceptional basis for borrowers with excellent credit and liquidity.

As a borrower in Alaska, you will be categorized into one of these tiers based on your real estate investment experience. The higher your experience, the more favorable the terms you’ll receive.

Adjustments to Initial Advance in Alaska

Certain factors can affect the amount of the initial advance we provide. These adjustments include:

Scenario	Adjustment
Credit Score < 720	-5%
Full Gut Rehab	-5%
New Market	-5%
Licensed Realtor	Up to +5%
Licensed General Contractor	Up to +10%
Licensed Professional Engineer	Up to +10%
Rural	-20% (3+ experience)

For Alaska-based projects, rural properties may require additional experience and come with adjustments to the initial advance, particularly for properties located in remote areas where market conditions and property values can vary significantly.

Rehab Scope Classification in Alaska

The rehab scope classification helps determine whether your project falls within a manageable level of complexity for financing. Here are the classifications:

Rehab Scope	Definition
Light	Rehab budget is less than 25% of the purchase price
Moderate	Rehab budget is 25% to 49.99% of the purchase price
Heavy	Rehab budget is 50% to 99.99% of the purchase price
Extensive	Rehab budget is 100%+ of the purchase price, e.g., addition, expansion, or ADU construction

For projects in Alaska, particularly in more rural or remote locations, we recommend focusing on lighter rehab scopes that can be completed more efficiently, minimizing potential delays and cost overruns.

Maximum Loan-to-After-Repair Value (LTARV) in Alaska

The maximum LTARV is determined based on your experience tier and rehab scope. Here’s a breakdown of the LTARV limits in Alaska:

Tier	Light Rehab	Moderate Rehab	Heavy Rehab	Extensive Rehab
1	70%	Ineligible	Ineligible	Ineligible
2	70%	70%	70%	Ineligible
3	75%	75%	75%	70%
4	75%	75%	75%	70%
5	75%	75%	75%	70%

Loan-to-Full-Cost (LTFC) Limits in Alaska

For projects with extensive rehab scopes, the LTFC ensures you have enough “skin in the game” to mitigate the risks of these more complex renovations. The LTFC is limited based on your experience and the rehab scope:

Tier	Light Rehab	Moderate Rehab	Heavy Rehab	Extensive Rehab
1	N/A	Ineligible	Ineligible	Ineligible
2	N/A	N/A	N/A	Ineligible
3	N/A	N/A	N/A	85%
4	N/A	N/A	N/A	90%
5	N/A	N/A	N/A	90%

Alaska Fix and Flip Loan Examples

Understanding the numbers behind your project is essential when considering a Fix and Flip loan in Alaska. Here are examples of how the loan terms work based on different scenarios and experience levels, helping you to better visualize your potential loan structure.

Example 1: No Experience, Standard Terms

• Purchase Price: $100,000
• Tier: 1 (0 similar verifiable experience)
• Credit Score: 695
• Rehab Budget: $24,000
• ARV (After Repair Value): $150,000
• Initial Advance: $75,000 (75%)
• Construction Holdback: $24,000
• Total Loan Amount: $99,000
• LTARV (Loan-to-After-Repair Value): 66%
• LTFC (Loan-to-Full-Cost): 79.8%
• Interest Accrual: Full boat

In this example, as a first-time borrower in Alaska, with a credit score of 695, the loan structure offers a solid starting point for flipping the property. The LTARV of 66% ensures you have enough capital for both the purchase and renovation.

Example 2: No Experience, Excellent Credit

• Purchase Price: $100,000
• Tier: 1 (0 similar verifiable experience)
• Credit Score: 750
• Rehab Budget: $24,000
• ARV (After Repair Value): $150,000
• Initial Advance: $80,000 (80%)
• Construction Holdback: $24,000
• Total Loan Amount: $104,000
• LTARV (Loan-to-After-Repair Value): 69.33%
• LTFC (Loan-to-Full-Cost): 83.9%
• Interest Accrual: As disbursed

With an excellent credit score of 750, this borrower can receive a higher initial advance of 80%, improving the overall funding for their Alaska property rehab. The LTARV of 69.33% indicates a solid loan-to-value ratio for a profitable flip.

Example 3: Experienced Investor, Strong Project

• Purchase Price: $100,000
• Tier: 4 (5 similar verifiable experience)
• Credit Score: 750
• Rehab Budget: $20,000
• ARV (After Repair Value): $150,000
• Initial Advance: $90,000 (90%)
• Construction Holdback: $20,000
• Total Loan Amount: $110,000
• LTARV (Loan-to-After-Repair Value): 73.33%
• LTFC (Loan-to-Full-Cost): 91.67%
• Interest Accrual: As disbursed

An investor in Alaska with 5 similar verifiable projects can access a maximum initial advance of 90%, giving them more room for renovations and project improvements. The LTARV of 73.33% reflects a robust margin of equity to help reduce risk.

Refinancing with "As Is" Value for Alaska Projects

When refinancing your property for renovation after it has appreciated, OfferMarket offers the option to use the As Is value instead of the total cost basis. This allows you to potentially secure a higher loan amount based on the property’s increased market value.

Requirements for refinancing using As Is value:

• The property must be habitable (≥ C4 condition) and not in a state of disrepair.
• The property must be 3+ years seasoned.
• The borrower’s credit score must be 680+.
• Experience Tier: Tier 3 or higher (minimum of 4 similar verifiable rehab projects).
• There must be strong support for As Is value > cost basis (verified through comparable sales in the neighborhood).

Wholesaler Transactions in Alaska

For properties acquired through wholesalers, OfferMarket allows you to include the assignment fee or double-close price run-up in your cost basis, as long as the price increase does not exceed 20% of the purchase price between the wholesaler and seller. For example:

• A-B Contract (original purchase): $100,000
• B-C Contract (assignment fee): $25,000
• As Is Value: $125,000
• Value Basis for Initial Advance: $120,000

OfferMarket requires the following documentation for wholesale deals:

• Full chain of contracts/assignments (A-B, B-C).
• Wholesaler’s operating agreement.
• No finder’s fees or referral fees will be financed.

This ensures a fair transaction where the financing is based on realistic and justifiable property values.

Alaska Fix and Flip Loan: Construction Holdback and Valuation Process

At OfferMarket, we understand that managing the finances for property renovations in Alaska can be complex, especially with the geographical and market differences across the state. That's why our Fix and Flip loan program is designed with flexibility and clarity, especially when it comes to the construction holdback and valuation process. These features ensure you have the funds available for the renovation work while staying on track with your project’s budget.

Construction Holdback for Alaska Projects

The construction holdback is a key component of your loan that ensures funds are disbursed according to the progress made on your rehab project. Here’s how it works for Fix and Flip loans in Alaska:

• Draw Request and Reimbursement: As you complete work on your property, you’ll request draw funds for reimbursement based on the verified progress made against your approved scope of work.
• Flexibility in Draws: If you have enough liquidity to float the rehab costs without using the construction holdback, you can opt for no construction holdback. This option allows you to use your own capital for the rehab and proceed without waiting for reimbursements.
• Interest Accrual for Large Loans: If your total loan amount is $100,000 or higher, we won’t charge interest on any undrawn construction holdback funds (refer to the “As Disbursed” interest accrual method).

Here’s a breakdown of the draw processing guidelines for Alaska:

Criteria	Details
Minimum Draw Amount	None
Maximum Draw Amount	100% of remaining construction holdback
Minimum Number of Draws	0
Maximum Number of Draws	None
Materials Delivered but Not Installed	50% (receipt or invoice required)
Draw Inspection	App-based (self-serve)
Draw Turnaround	0 to 2 business days
Draw Fee	$270
Wire Fee	$30

These flexible draw options allow you to manage your rehab expenses efficiently, ensuring that funds are only drawn when necessary.

Appraisal and In-House Valuation for Alaska

To ensure that your project in Alaska is properly funded, we require a valuation for all Fix and Flip loans. Depending on your project, we will either use an in-house valuation, a 3rd party exterior appraisal, or a 3rd party interior appraisal.

In-house Valuation Criteria: For eligible borrowers, an in-house valuation can be done instead of a full appraisal, under the following conditions:

• Property Type: Single family, duplex, triplex, or quadplex.
• Tier: Tier 4 or higher.
• Credit Score: 720+.
• Rural: No.
• New Market: No.
• LTARV: 70% maximum.

Exterior Appraisal Criteria: An exterior appraisal is acceptable for properties acquired through REO sales, foreclosure auctions, sheriff’s sales, or bankruptcy sales. It must be dated within 120 days of the settlement date, with recertification required if it is between 120-179 days old.

Interior Appraisal Criteria: For any other scenario not covered by an exterior appraisal, a full interior appraisal is required. Here’s the breakdown:

Property Type	Appraisal Forms
Single Family	1004 + 1007 ARV with As Is value included (non-gridded)
2-4 Unit	1025 + 216 ARV with As Is value included (non-gridded)
Condo	1073 + 1007 ARV with As Is value included (non-gridded)

Unless a transfer of appraisal (see below) applies, OfferMarket will order the appraisal directly through an approved Appraisal Management Company (AMC). You will be responsible for paying the appraisal invoice to ensure timely loan processing.

Appraisal Transfer: In cases where an appraisal has already been ordered by another lender, OfferMarket allows the transfer of that appraisal, provided the following conditions are met:

• The appraisal is less than 180 days old at the closing of our loan.
• The appraisal is re-certified if it is between 120-179 days old.
• The transfer letter certifies compliance with Appraiser Independence Requirements (AIR).

Key Loan Details for Alaska Fix and Flip Loans

To ensure you have a comprehensive understanding of the loan terms, here are the key details for the Fix and Flip loan program in Alaska:

Criteria	Details
Loan Amount	$25,000 to $2,000,000*
Units per Property	1 – 4
Eligible Property Types	Non-owner occupied 1-4 unit residential
Property Minimum Size	Single Family: ≥700 SQFT
	Condo and 2-4 Unit: ≥500 SQFT per unit
Max Acreage	5 acres
Loan to Cost (LTC)	Up to 90% purchase, 100% rehab
Loan to ARV (LTARV)	Up to 75%
Down Payment	Minimum $10,000 for purchase price under $100K
Loan Term	12 months standard; 18-24 months for specific projects
Extensions	Up to 50% of original term (fee applies)
Points	1.5 to 2 points ($2,000 minimum)
Prepayment Penalty	None (No minimum interest earned)
Occupancy	Non-owner occupied – business purpose only
Transaction Types	Arms-length purchase, refinance
Geographic Region	All US states except AK, AZ, HI, MN, ND, NV, OR, SD, UT, VT
Amortization	Interest-only with balloon payment at maturity
Interest Accrual Method	Loan Amount < $100K: interest charged on total loan amount ("Full Boat")
	Loan Amount ≥ $100K: interest charged on funds disbursed ("As Disbursed")

Alaska Fix and Flip Loan: Extensions and Loan Requirements

At OfferMarket, we understand that real estate projects in Alaska may face unexpected delays. However, Fix and Flip loans are intended to be short-term, and we strongly advise against extending your loan unless absolutely necessary.

Why Extensions Should Be Avoided in Alaska

In order to minimize the risk of delays and avoid the need for extensions, here are some factors to consider:

1. Inexperienced General Contractors: If you're working with an inexperienced contractor, your project is more likely to experience delays and cost overruns.
2. Ambitious Rehab Scope: An aggressive rehab plan that exceeds your experience and available liquidity can lead to project difficulties.
3. Zoning and Permitting Delays: In some areas of Alaska, obtaining zoning approvals and permits can take longer, particularly in remote regions.
4. Limited Access to Property: If you don’t have immediate access to the property (due to tenant leases, evictions, etc.), your project may face delays.
5. Lack of Dual Exit Strategy: It’s crucial to have a backup plan to either sell or refinance the property. Without a dual exit strategy, you may face unexpected setbacks.

By addressing these challenges up front, you significantly reduce the chance of needing an extension.

Extension Limits for Fix and Flip Loans in Alaska

If, despite your best efforts, you find it necessary to extend your loan term, we offer the following options for extending the loan period:

Loan Term	Maximum Extension
12 months	6 months
18 months	9 months
24 months	12 months

Extensions can be requested in 3-month or 6-month increments, and the extension must be approved by OfferMarket based on specific criteria outlined below.

Extension Terms and Fees

If your project in Alaska requires an extension, the following fees will apply:

Extension Term	Fee
3 months (1st request)	1% of the total loan amount
3 months (2nd request)	1.5% of the total loan amount
6 months (1st request)	2.5% of the total loan amount

Extension Prerequisites: To qualify for an extension, you’ll need to confirm that your Fix and Flip insurance policy is in effect for the entire duration of the extension period. This ensures that your property is covered in case of any unforeseen issues that may arise during the extended term.

Ineligible Property Types for Alaska

Not all property types are eligible for Fix and Flip loans. The following types of properties are ineligible for funding in Alaska:

• Mixed Use
• 5+ unit multifamily
• Condotels
• Co-ops
• Mobile/Manufactured Housing
• Commercial Properties
• Cabins/Log Homes
• Properties with Oil/Gas Leases
• Operating Farms, Ranches, Orchards
• Vacation/Seasonal Rentals
• Unique/Exotic/Luxury Properties
• Unpaved or Dirt Roads

Exception Scenarios:

• 660-679 Guarantor Credit Score: Additional requirements apply.
• Leasehold (Ground Rent) Properties: These may require special documentation or conditions.
• Small Single-Family Properties: Properties sized between 500 and 699 sq ft may have different requirements.

Borrower and Guarantor Requirements for Alaska

In order to qualify for an OfferMarket Fix and Flip loan in Alaska, there are specific requirements for the borrowing entity and guarantors. Here are the key requirements:

Item	Requirements / Eligibility
Borrowing Entities	LLC or Corporation (Nonprofits not eligible)
Eligible Borrowers	US Citizens, US Permanent Residents, and qualified Foreign Nationals
Foreign Nationals	Must have a valid passport and valid US Visa (excluding Travel/Student Visas if not on Visa Waiver Program)
Credit Score	Minimum 680 FICO (exceptions made for scores between 660-679)
Credit Report	Tri-merge credit report (not older than 120 days)
Liquidity Requirements	Minimum estimated cash to close + 25% of rehab budget in liquid assets controlled by one or more guarantors
Guarantor Structure	At least 51% of the borrowing entity must guarantee the loan (for purchase); 100% for cash-out refinance
Full Recourse	Full recourse is required, meaning personal guarantees are necessary from the borrowing entity’s guarantors
Guarantor Net Worth	Aggregate net worth must be at least 50% of the loan amount

Liquidity Verification

We verify that the guarantor(s) have the required liquidity for the project, including the cash to close and additional rehab funds. Eligible liquid assets include:

• Bank accounts (personal or business)
• Brokerage accounts
• Retirement accounts (50% reduction applies)

You will need to submit the two most recent bank statements to verify liquidity. Additionally, if any large deposits are made, a Letter of Explanation (LOE) may be required.

Credit and Background Items

Your credit and background check is an essential part of the loan approval process. We assess the following items:

• Credit Score: If 3 credit scores are available, we use the middle score. If only 2 scores are returned, we use the lowest score.
• Mortgage Tradelines: If fewer than 5 tradelines appear on the credit report, we will require 6 months of interest reserves.
• Bankruptcy: Must be discharged for more than 4 years.
• Foreclosure: Completion date must be greater than 4 years from the settlement date.
• Late Mortgage Payments: If any occur in the last 12 months, a Letter of Explanation (LOE) is required.
• Involuntary Liens (e.g., tax lien, child support): Must be paid off prior to funding.

If there are any pending civil or criminal lawsuits, you may not be eligible for funding.

Alaska Fix and Flip Loan: Interest Reserves and Documentation Requirements

At OfferMarket, we understand that managing cash flow and ensuring smooth operations during a project is essential for successful real estate investing in Alaska. One key aspect of our Fix and Flip loan program is the use of interest reserves and the straightforward documentation process that helps expedite funding.

Interest Reserves for Alaska Projects

Interest reserves refer to the amount of interest payments that are collected on the settlement statement and held in servicing escrow. These reserves are used to cover your accrued interest and are drawn down before you begin making monthly interest payments from your own bank account.

Here’s how interest reserves are applied based on different scenarios:

Scenario	Interest Reserve
0 months	Lender discretion
1 month	Guarantor FICO 700+
3 months	Guarantor FICO 660 - 699
6 months	Guarantor FICO 660 - 699 AND/OR concerning item on credit or background report

Financed Interest Payments for Liquidity Protection

To protect your liquidity and avoid compromising your credit score due to excessive credit card usage during the rehab process, you may be eligible for financed interest payments. This allows you to add the interest accrued to your payoff statement, instead of making monthly interest payments. Here’s an example:

• Total Loan Amount: $100,000
• Interest Rate: 12%
• Months Held to Payoff: 9
• Accrued Interest: $9,000 ($100,000 * 12% ÷ 12 months * 9 months)

Your payoff statement will reflect:

• Unpaid Principal Balance: $100,000
• Unpaid Interest: $9,000

This option allows you to focus on completing your rehab without worrying about monthly interest payments during the renovation process.

Alaska Fix and Flip Loan: Documentation Requirements

For a smooth and efficient loan approval process, we require specific documentation. This helps us assess the details of your project and ensure compliance with the loan terms. Below are the key documents required for both purchase and refinance transactions in Alaska.

Purchase Transaction Requirements

For all purchase transactions in Alaska, the following documents are required:

Loan File Section	Document
Purchase Contract	Fully executed by buyer and seller.
Credit Report	Soft tri-merge credit report for each member of the borrowing entity that will be a guarantor.
Background Report	Required for each member of the borrowing entity.
Track Record	Required for each member of the borrowing entity.
ID Verification	Government-issued ID (e.g., driver's license, passport, Green Card).
Borrowing Entity	Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9
Scope of Work	A detailed rehab budget that will be used to determine ARV.
Appraisal Report	You will be provided with a link to pay your appraisal invoice. Your appraisal will be uploaded to your loan file.
Bank Statements	Two (2) most recent statements for each guarantor. Account(s) can be personal (i.e., bank, brokerage, retirement) and do not need to be in the name of the borrowing entity.
Letter of Explanation	If requested by underwriting, e.g., for large deposits, late payments, or background items.

Refinance Transaction Requirements

For refinance transactions, we require similar documentation:

Loan File Section	Document
Settlement Statement	Fully executed by buyer and settlement agent.
Credit Report	Soft tri-merge credit report for each member of the borrowing entity that will be a guarantor.
Background Report	Required for each member of the borrowing entity.
Track Record	Required for each member of the borrowing entity.
ID Verification	Government-issued ID (e.g., driver's license, passport, Green Card).
Borrowing Entity	Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9
Sunk Costs	The line items and associated costs that have already been incurred.
Scope of Work	Your detailed rehab budget that will be used to determine ARV and guide your rehab of the property.
Appraisal Report	You will be provided with a link to pay your appraisal invoice. Your appraisal will be uploaded to your loan file.
Bank Statements	Two (2) most recent statements for each guarantor. Account(s) can be personal (i.e., bank, brokerage, retirement) and do not need to be in the name of the borrowing entity.
Letter of Explanation	If requested by underwriting, e.g., for large deposits, late payments, or background items.

Special Requirements for Loans Over $1M

Loans above $1M (up to the $2M maximum) come with additional requirements to ensure that the project is viable and that the borrower has the necessary experience and financial stability. These include:

Criteria	Explanation
Experience	Minimum experience of 3 similar or greater price point strongly preferred.
Market Liquidity	Minimum of 3 comps within a 2-mile radius sold on the MLS in the last 6 months.
Credit Score	Minimum 680, with a minimum of 5 trade lines with a 24-month history.
Rural Designation	Not eligible if the property is designated as rural by the CFPB and USDA or appraisal report.
Track Record	Required for each member of the borrowing entity.

Glossary of Key Terms

Here’s a quick reference for some key terms used in our loan agreements:

Term	Definition
ADU	Accessory Dwelling Unit. A secondary housing unit on the same parcel as the main home.
Arms-Length	A transaction between independent parties, ensuring fair market value.
Non-Arms-Length	A transaction where a personal or business connection affects fairness or pricing.
Initial Advance	The portion of the total loan amount that goes toward the property purchase.
Construction Holdback	The portion of the total loan that will cover rehab costs.
LTARV	Loan-to-After-Repair Value. Ratio of loan amount to property’s estimated value after rehab.
LTC	Loan-to-Cost. Ratio of loan amount to the combined purchase and rehab costs.
LTFC	Loan-to-Full-Cost. Ratio of the total loan amount to total cost, including both purchase price and rehab.

Get an Instant Fix and Flip Loan Quote in Alaska

OfferMarket is your trusted partner for real estate investing in Alaska. Our Fix and Flip loan program is designed to provide you with the financial flexibility and competitive rates you need to succeed in your real estate projects. Get started today by requesting an instant quote for your next fix and flip investment.

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