Fix & flip funding for investors who move fast.
Short-term financing for the purchase and the rehab, based on the deal and your experience — not your pay stubs.
- Funding for both the purchase and the renovation
- Rehab funds released as the work is completed
- Short-term, interest-only structures
- Repeat investors and first-time flippers considered
How a fix and flip loan works
A fix and flip loan is short-term financing for buying a property, renovating it and selling (or refinancing) it. The loan is sized on the deal: what you are paying, what the rehab costs and what the property will be worth when it is finished (the after-repair value, or ARV).
- Purchase. The loan funds a portion of the purchase price at closing.
- Rehab. Renovation funds are held and released in draws as the work is completed.
- Exit. You sell the property or refinance into long-term financing, such as a DSCR loan.
What we look at
- Purchase price, rehab budget and ARV
- Your experience with recent projects
- Credit and the strength of the deal
- A clear scope of work and a realistic timeline
What it costs
Short-term loans are typically priced with an interest rate plus origination points and closing fees, and payments are commonly interest-only during the term. Exact pricing depends on the deal and the borrower — run the estimator for a ballpark, then a loan officer will itemize the full cost for your specific deal.
Documents you will typically need
- Government-issued photo ID and recent bank statements
- The purchase contract and a scope of work or rehab budget
- Entity documents if closing in an LLC
- Insurance for the property
Common questions
Can I finance the rehab too?
Yes. Fix and flip loans can include renovation funds, released in draws as the work is completed, based on your budget and the after-repair value.
Do I need flipping experience?
Experience helps and can improve terms, but first-time flippers are considered. Your loan officer will explain how experience affects your options.
What is the loan term?
Fix and flip loans are short-term, commonly around a year, with options depending on the project. Your loan officer will confirm the term that fits your timeline.
What happens at the end of the term?
You sell the property or refinance into long-term financing such as a DSCR loan.
Running a flip? See your profit, the nearby sales that support your ARV, and what financing does to your return.
Have a flip lined up?
Get a ballpark in about a minute, then exact numbers from a loan officer.
Get My Flip Estimate