Fix and Flip Loans

Fix and flip property loans are the perfect way to fund your next renovation project. These loans start at $50,000 and can be used to acquire and renovate an investment property.

FixandFlip

Fix and Flip Property Loans are especially attractive to….Investors who want to buy and renovate quickly. With some exceptions, you must finish the job in 6, 12 or 18 months depending on the lender.

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Fix and Flip Loans:

Key Facts About Loan:
 Fix and Flip Property Loans are short term, interest only loans.
Lots of properties types qualify - Besides single-family homes, you also can purchase a condo, a 2- to 4-unit multi-family, or even a multi-family with 5+ units.
Funding in as little as 7 days.
Financing for up 100% of renovation expenses and as little as 10% of the total project costs as long as the final loan amount is less that 75% of the properties after repair value.
Foreign Nationals are eligible.
There are options for clients interested in no credit check, no income verification, no survey and no appraisal. While these may be costlier alternatives they are easy, and offer the fastest closing times.

FAQ's on Fix and Flips

Fix and Flip

Fix and flip property loans are designed for both experienced and beginner investors, but having more real estate experience will qualify investors for larger Exposure Limits and potentially better loan terms. Borrowers go through a one-time approval, with yearly renewal, so funding each property loan is faster and easier.
If you’re applying for exposure limit approval as an individual, you may qualify for a limit up to $1MM. If applying as an entity, the maximum exposure limit is capped at $10MM. Individual Fix and Flip property loans are available up to $3MM.
We consider both the loan-to-value (LTV), which measures the fair market value, and the loan-to-cost ratio (LTC), which measures the total cost of buying and renovating. We always choose the lesser of the LTV and LTC calculations, which protects both you and our investors.
Yes, foreign nationals from approved countries are eligible.
Every lender is different and some may require a credit or background check.
No, Exposure Limit approvals and Fix and Flip property loans may be closed as an LLC, a corporation, or an individual. However, some lenders may only lend to entities and so it is advisable to have one formed for this purpose.
For fix and flip loans, we require Hazard, Builder’s Risk, and in rare cases Commercial General Liability insurance. We also require that borrowers carry flood insurance on properties in a flood zone.
We require a 90-day minimum interest charge, but otherwise there are no penalties.
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All other trademarks are the property of their respective owners, not endorsed or affiliated with any government entity. Rates and Terms are subject to change at any time without notice and are subject to state restrictions. Visit the NMLS Consumer Access website for regulatory information about us.

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