Fix & Flip
Fix & Flip Cheatsheet
A short-term loan designed to finance the purchase and renovation of a property that will be resold for profit. Fast, flexible, and built for investors.
What is it?
What is a Fix & Flip Loan?
Short-term financing that funds both the purchase and the renovation of an investment property in one loan — underwritten based on the After Repair Value (ARV) rather than personal income.
Why investors choose this program
- Nationwide lending in all 50 states, plus Hawaii
- Purchase and rehab funded in a single loan
- Rehab funds released by draw as milestones are completed
- Interest-only payments; deferred payment options on qualifying deals
- New and experienced investors welcome — no minimum flip count required
- Borrow through your LLC, LP, or corporation
What we fund
Business-purpose, non-owner-occupied residential projects with a clear resale or refinance exit.
Light Cosmetic
Paint, flooring, kitchens, and baths where the property is already habitable and the timeline is short.
Full Gut Rehab
Heavy renovation including systems, layout changes, and additions, funded against a detailed scope of work.
Bridge & Reposition
Short-term capital to acquire, stabilize, or season a property before selling or refinancing into a DSCR loan.
Speed & Timelines
- Close in 7–14 days
- As fast as 3–5 days when title has been worked and is clear
- As fast as 48 hours after appraisal
- Fast approvals for qualified deals
Who We Work With
- New investors
- Experienced investors
- First-time flippers welcome
Loan Structure
- Based on ARV (After Repair Value)
- Finance purchase + renovation in one loan
- Up to 100% of construction budget included
Loan Parameters
Minimum Purchase Price
$100,000
Maximum Loan Amount
$5,000,000
Leverage Options
80/100 · 90/100 · 100%
Terms & Rates
- Rates starting at 9.99% for best-qualified borrowers (current average range: approx. 9.99%–12.50%)
- Term: 6–18 months
- Interest-only payments
- Deferred payment options available
Qualifications
- Minimum credit score: 640
- 5-year lookback on experience (flexible)
- Soft credit inquiry for pre-qualification — no impact to your score (hard pull only at/near closing, with your authorization)
Required Documents
- LLC
- EIN
- Operating Agreement
- Driver's License
- Purchase & Sale Agreement
- Scope of Work (Rehab Budget)
- Experience Sheet
- Insurance (or Quote)
- Title, Insurance & Closing Information form (download below)
What's Not Required
- No tax returns
- No bank statements (in many cases)
Coverage
Nationwide lending — all 50 states + Hawaii
Soft credit check first — no impact to your score.
Checking what you qualify for uses a soft credit inquiry only and does not affect your credit score. A hard inquiry happens later, at or near closing, only with your written authorization and only if the lender requires it.
Required: Title, Insurance & Closing Information form
We begin Title (TCR) and Insurance (EOI) requests immediately upon receipt of this form — submitting it early protects your closing date.
Download the form (PDF) →How the process works
Most borrowers go from submission to closing in roughly one to three weeks, depending on title, appraisal, and how quickly documents arrive.
Step 1
Submit Your Deal
Send the property address, purchase price, rehab budget, ARV, and your exit strategy. Pre-qualification uses a soft credit inquiry only.
Step 2
Term Sheet & Approval
We review the deal and issue terms showing leverage, rate range, points, and estimated closing costs before you commit.
Step 3
Docs, Title & Appraisal
Entity documents, insurance, and the Title, Insurance & Closing Information form go in while valuation is ordered.
Step 4
Close, Draw & Exit
You close on the purchase, request rehab draws as work is completed and inspected, then sell or refinance to pay off the loan.
Ideal Client Profile
Is this loan right for you?
- Investor with a profitable deal
- Property under market value
- Clear exit strategy (sale or refinance)
Why clients choose us
- "We fund your entire deal — purchase and renovation — in one loan based on after-repair value."
- "Even if you're new, we have options to get you funded and into your first deal."
- "If your deal is strong, we can move FAST — sometimes closing in as little as 7 days."
Pro Tips
- Focus on the deal first (ARV + numbers), not just the borrower
- Make sure the scope of work is detailed and realistic
- Position 100% financing carefully — must be a strong deal under 75% ARV
- Speed = Clean file. Collect docs upfront!
Disclosures
- • Closing timelines are estimates only. A 3–5 day close assumes title has already been worked and is clear, with a complete file, satisfactory appraisal or valuation, and prompt third-party turn times; it is not guaranteed.
- • Rates quoted are the lowest available starting rates for best-qualified borrowers and are not an offer or commitment to lend. As of August 2026, typical Fix & Flip and bridge rates range from approximately 9.99% to 12.50%, plus origination points and customary closing costs.
- • Rates, points, fees, leverage, and terms vary by lender, credit profile, borrower experience, property type, and market conditions, and are subject to change at any time without notice. All loans are subject to underwriting approval. Business-purpose and investment-property loans only — not for owner-occupied residences.
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