FIX & FLIP LOAN
A fix and flip loan is short-term financing for investors who buy, renovate, and then resell or rent properties for profit. It’s ideal for quick flips or the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build long-term wealth.
Collateral
Non-Owner Occupied 1-4 Units Residential Properties
Condos
Townhomes
Duplex
5+ Unit Apartments
Mixed-Use Properties
LTV
Up to 95% Loan to Purchase Price (LTC)
100% LTC available for experienced flippers
100% of the Renovation Cost
Not to Exceed 75% of the after repaid value (ARV)
Term
12 – 18 Months
Minimum After Repair Value
$100k for Single-Family
$100k for 2-4 Family
$375k for Multi-Family (5+)/Mixed-Use
Loan Amount
$50k – $2M for 1-4 Unites, Condos, & Townhomes
$250k – $3M for Multi-Family (5+)/Mixed-Use
Minimum FICO
620
Rates
As Low As 9.20% (Interest Only Charged on Outstanding Balance)
Experience
0 Experience eligible
Pre-Payment Penalty
None