Fix and Flip Loans: flip calculator and lender terms

{
  "type": "object",
  "required": [
    "purchase_price",
    "rehab_cost",
    "arv"
  ],
  "properties": {
    "arv": {
      "type": "number",
      "maximum": 100000000,
      "minimum": 1000,
      "description": "After-repair value (expected sale price) in dollars, e.g. 340000."
    },
    "lender": {
      "type": "string",
      "description": "Optional lender name (e.g. \"Kiavi\"): use its advertised fix-and-flip starting rate instead of rate_pct. Do not give both."
    },
    "months": {
      "type": "integer",
      "maximum": 36,
      "minimum": 1,
      "description": "Months from purchase to sale. Default 6."
    },
    "ltc_pct": {
      "type": "number",
      "maximum": 100,
      "minimum": 0,
      "description": "Share of the purchase price the lender advances, %. Default 90."
    },
    "rate_pct": {
      "type": "number",
      "maximum": 30,
      "minimum": 0,
      "description": "Annual interest rate, %, from your own term sheet. Default 10.5 (the calculator's example, not a market rate)."
    },
    "financing": {
      "enum": [
        "hard_money",
        "cash"
      ],
      "type": "string",
      "description": "hard_money (default) or cash (no loan)."
    },
    "points_pct": {
      "type": "number",
      "maximum": 10,
      "minimum": 0,
      "description": "Origination points, % of the loan. Default 2."
    },
    "rehab_cost": {
      "type": "number",
      "maximum": 50000000,
      "minimum": 0,
      "description": "Rehab (renovation) budget in dollars, e.g. 55000."
    },
    "arv_cap_pct": {
      "type": "number",
      "maximum": 100,
      "minimum": 0,
      "description": "Lender's maximum loan as % of ARV. Default 75."
    },
    "interest_on": {
      "enum": [
        "drawn",
        "full_loan"
      ],
      "type": "string",
      "description": "drawn (default): interest only on money drawn, rehab draws spread evenly; full_loan: interest on the whole loan from day one (\"Dutch\")."
    },
    "lender_fees": {
      "type": "number",
      "maximum": 500000,
      "minimum": 0,
      "description": "Underwriting, document and processing fees in dollars. Default 1995."
    },
    "purchase_price": {
      "type": "number",
      "maximum": 50000000,
      "minimum": 1000,
      "description": "Purchase price in dollars, e.g. 210000."
    },
    "rehab_funded_pct": {
      "type": "number",
      "maximum": 100,
      "minimum": 0,
      "description": "Share of the rehab the lender funds in draws, %. Default 100."
    },
    "buy_closing_costs": {
      "type": "number",
      "maximum": 5000000,
      "minimum": 0,
      "description": "Buyer closing costs in dollars. Default 4000."
    },
    "seller_closing_pct": {
      "type": "number",
      "maximum": 20,
      "minimum": 0,
      "description": "Seller closing costs and transfer tax as % of the sale price. Default 1.5."
    },
    "holding_costs_monthly": {
      "type": "number",
      "maximum": 1000000,
      "minimum": 0,
      "description": "Taxes, insurance and utilities per month in dollars. Default 900."
    },
    "selling_commission_pct": {
      "type": "number",
      "maximum": 20,
      "minimum": 0,
      "description": "Agent commissions as % of the sale price. Default 5."
    }
  },
  "additionalProperties": false
}

{
  "type": "object",
  "properties": {
    "sort": {
      "enum": [
        "rate",
        "name"
      ],
      "type": "string",
      "description": "rate (default; lowest advertised starting rate first, unpublished last) or name."
    },
    "limit": {
      "type": "integer",
      "maximum": 12,
      "minimum": 1,
      "description": "Lenders per page, 1 to 12, default 10."
    },
    "state": {
      "type": "string",
      "description": "Two-letter property state, e.g. TX. Omit for every lender."
    },
    "offset": {
      "type": "integer",
      "maximum": 100,
      "minimum": 0,
      "description": "Lenders to skip, for paging. Default 0."
    },
    "loan_type": {
      "enum": [
        "fix_flip",
        "dscr_rental"
      ],
      "type": "string",
      "description": "fix_flip (default; hard-money rehab loans) or dscr_rental (rental loans sized on rent)."
    },
    "credit_score": {
      "type": "integer",
      "maximum": 850,
      "minimum": 300,
      "description": "Optional, fix_flip only: drop lenders whose published minimum FICO is above this score."
    }
  },
  "additionalProperties": false
}

{
  "type": "object",
  "required": [
    "lender"
  ],
  "properties": {
    "lender": {
      "type": "string",
      "description": "Lender name, e.g. \"Kiavi\", \"Lima One\" or \"RCN Capital\"."
    }
  },
  "additionalProperties": false
}