Investment Loan
Fix & Flip
Short-term financing for investors who buy, renovate and resell. A fix and flip loan can cover the purchase and the rehab of an investment property, and is repaid when you sell or refinance.
- PropertyInvestment only, not a home you live in
- CoversPurchase and rehab costs
- TermShort term, set by the lender
- Paid off bySale or refinance
How It Works
Buy it, fix it, sell it.
A fix and flip loan is a short-term, business-purpose loan. The lender looks at the deal as much as the borrower, including the purchase price, the rehab budget and what the property should be worth once the work is done. Rehab funds are usually released in draws as work is completed.
- 01
Send us the deal
The address, the price, your rehab budget and scope of work, and your experience with past projects.
- 02
The lender sizes the loan
Most lenders size the loan from the purchase price, the rehab budget and the after-repair value, and hold the rehab funds for draws.
- 03
We price it across our lenders
Leverage, terms, draw processes and fees vary by lender. We compare them so the financing fits the deal and your timeline.
Program Highlights
Why investors choose fix and flip financing.
- Short-term financing for property purchase and rehab
- Can cover both acquisition and renovation costs
- Rehab funds released in draws as work is completed
- Sized from the deal, including the after-repair value
- Paid off when the property sells or is refinanced
- For investment properties only, not a home you live in
Common Questions
What investors ask about fix and flip loans.
A fix and flip loan is a short-term loan for investors who buy a property, renovate it and sell it. It can cover the purchase price and the rehab costs, and it is repaid when the property sells or is refinanced. It is a business-purpose loan for investment property only.
The lender funds part of the purchase at closing and holds the rehab budget. As each phase of work is done, you request a draw, the lender inspects and releases the funds. Most loans have interest-only payments during the term and are paid off in full when the property sells or is refinanced.
Lenders look at the deal and the borrower. Expect a review of the purchase price, rehab budget and after-repair value, along with your credit, cash for the down payment and reserves, and your track record. Many lenders offer better terms to experienced investors.
They overlap. Many fix and flip loans come from private or hard money lenders, but some are offered by larger investor lenders with more structured programs. The difference is mostly in who lends and how the loan is priced and underwritten.
Often, yes, though first-time investors may face a larger down payment or lower leverage than experienced flippers. A clear budget, a realistic after-repair value and a capable contractor help.
Many lenders offer extensions, usually for a fee, and terms vary. Build time into your plan and ask about extension terms before you close, so a delay does not become a problem.
General information only, not a commitment to lend. Loan programs, guidelines, interest rates and terms are subject to change without advance notice.
Run your flip across our lender network.
Send us the address, the price and your rehab budget. We will show you which lenders fit the deal and what it takes to close.