Fix & Flip Loans

The Fix & Flip Program is designed for experienced real estate investors who want to purchase, renovate, and resell or hold residential properties for profit. It provides short-term, high-leverage financing with fast closings, interest-only payments, and no prepayment penalty.

Loan Details

• Loan Amounts: $125,000 – $6,000,000

• Loan Term: 12 – 24 months

• Payments: Monthly interest-only

• Rates: Typically 8.99% – 13.99% (varies by borrower and project)

• Points: 1% – 3%

• Prepayment Penalty: None

• Entity Borrowing: Allowed (LLC or business entity)

Leverage

• Up to 93% Loan-to-Cost (LTC)

• Up to 90% Loan-to-Value (LTV)

• Up to 75% After-Repair Value (ARV)

Eligible Properties

• Single-family homes

• 2–4 unit properties

• Townhomes

• Condos (subject to approval)

Loan Uses

• Purchase + Rehab

• Refinance + Rehab

• Buy & Flip

• Buy & Hold

Qualification Highlights

• Minimum Credit Score: 660

• Proven fix & flip or renovation experience

• Verified liquidity for down payment, rehab costs, and reserves

• Purchase contract and detailed rehab budget required

• Bank statements and property insurance required

Ideal Borrower

• Experienced investors with completed renovation projects

• Builders or contractors transitioning into investing

• Investors scaling short-term value-add strategies

Why Investors Use This Program

• High leverage preserves capital

• Fast closings for competitive deals

• Interest-only payments reduce holding costs

• No prepayment penalty allows early resale and capital recycling