Fix-and-Flip Financing Programs
Our fix-and-flip loan programs provide comprehensive funding solutions for residential property flippers at every experience level. The cornerstone of our offering is the acquisition plus renovation loan, which combines purchase financing with construction funding in a single convenient facility. This structure eliminates the complexity of coordinating multiple lenders and allows you to move quickly from acquisition to renovation without refinancing delays. Loan terms range from 6 to 18 months, providing ample time to complete renovations and sell or refinance the property.
We offer competitive leverage ratios that maximize your buying power while managing risk appropriately. For experienced flippers with proven track records, we provide up to 90% loan-to-cost (LTC) on acquisitions, meaning you bring as little as 10% down plus closing costs to the table. Renovation funding is handled through a draw system where funds are released as work is completed and verified by inspection. This ensures your project stays on budget while providing the capital necessary to execute your renovation vision.
Interest rates on our fix-and-flip loans reflect the short-term nature and higher leverage of this financing type. We offer interest-only payments during the renovation period, preserving cash flow for construction expenses. No prepayment penalties allow you to sell and repay the loan as soon as your flip is complete, maximizing your return on investment without unnecessary holding costs.
- Up to 90% loan-to-cost for experienced property flippers
- 100% of renovation costs funded through escrow draw system
- Interest-only payments with no prepayment penalties
Financing for All Experience Levels
Whether you're completing your first flip or your fiftieth, we have loan programs designed to support your business growth. First-time flippers often face the greatest challenge securing financing, as traditional lenders view them as high-risk and hard money lenders may require substantial equity contributions. Our approach recognizes that everyone starts somewhere, and we offer graduated programs that reward ambition and preparation.
For novice flippers, we provide educational resources and guidance throughout the lending process. While we may require higher initial equity contributions (typically 15-20% of total project cost), we structure loans to support your success and help you build the track record necessary for better terms on future projects. We review your contractor bids, renovation timeline, and comparable sales to ensure your first flip has the highest probability of profitability.
Experienced flippers benefit from streamlined application processes, higher leverage ratios, and preferred pricing based on demonstrated success. We offer relationship-based lending for active flippers with consistent deal flow, including pre-approved credit facilities that allow you to make immediate offers without waiting for loan approval. Our most seasoned clients enjoy same-day term sheets, waived appraisals on qualifying properties, and dedicated account management to handle multiple concurrent projects efficiently.
- First-time flipper programs with educational support
- Experienced flipper benefits including higher leverage
- Relationship lending with pre-approved credit facilities
Rehab Budget Coverage and Draw Management
Successful property flipping depends on accurate budgeting and efficient capital deployment for renovations. Our draw management system ensures that renovation funds are available when you need them while protecting both you and the lender from budget overruns or incomplete work. Once your loan is approved, renovation funds are placed in an escrow account and released based on verified completion of work phases.
The draw process begins with your detailed scope of work and contractor bids submitted during underwriting. We review these documents to ensure your renovation budget aligns with comparable properties and supports your projected after-repair value (ARV). Upon closing, funds for the initial construction phase are typically available immediately, with subsequent draws released upon inspector verification of completed work. Most draws are processed within 24-48 hours of inspection, keeping your project on schedule.
We understand that renovation projects encounter unexpected conditions, and we build flexibility into our draw systems to accommodate reasonable change orders. If you discover additional repair needs during demolition or if market conditions suggest upgrading finishes to maximize sale price, we can adjust draw schedules and funding allocations to support your revised scope. This adaptability distinguishes our lending approach from rigid institutional programs that cannot accommodate the dynamic nature of renovation work.
- Escrow-based draw system for renovation fund management
- 24-48 hour draw processing upon inspection approval
- Flexible change order accommodation during renovations