Fix and Flip Loans: Up to 90% Purchase, 100% Rehab
Business Purpose Lending

Short-term capital for renovation projects.

Fix and flip lending is asset-based and speed-driven. The lender funds a portion of your purchase and holds back the renovation budget, releasing it in draws as work is completed and inspected. Underwriting focuses on the after-repair value and your track record, not your pay stubs.

How it works

Fix & Flip Financing, step by step.

  1. Underwrite to ARV. Leverage is constrained by loan-to-cost on the purchase and by loan-to-after-repair-value overall, whichever binds first.
  2. Fund the rehab in draws. You front the work, request a draw, an inspection confirms it, and funds release. Budget your working capital accordingly.
  3. Carry interest-only. Most fix and flip loans are interest-only for a short term, commonly twelve to eighteen months.
  4. Plan the exit before you close. Sale or refinance. Lenders ask, and the answer affects your terms.
At a glance
StructureShort-term, interest-only
Sized againstLoan-to-cost and after-repair value
Rehab fundsReleased in draws after inspection
ExperiencePrior projects improve terms materially
OccupancyNon-owner-occupied only
ExitSale or refinance into long-term debt

First-time flippers are financeable, but expect lower leverage and more reserves. The single best thing you can bring to the table is a clean, itemized scope of work.

Run the numbers

ARV and maximum offer calculator.

After-repair value drives everything on a flip. Enter your numbers and see what a lender will fund, what you bring to closing, and whether the offer you are about to write actually leaves you a margin.

Maximum loan amount$0
Total project cost$0
Capped byLoan to cost
Cash you bring to closing$0
Estimated selling & holding costs$0
Estimated gross profit$0
Return on cash invested0%
70% rule maximum offer$0

The 70% rule says do not pay more than 70 percent of ARV minus your renovation budget. It is a screen, not a law. Estimates only, not a quote or a commitment to lend.

Who it fits

Built for these borrowers.

  • Investors buying distressed property to renovate and resell
  • BRRRR operators who will refinance into a DSCR loan at stabilization
  • Builders and operators with completed projects to point to
  • Buyers who need to close faster than conventional timelines allow
What we will ask for

Documents to gather.

  • Purchase contract
  • Itemized scope of work and budget
  • Contractor bids or agreement
  • Schedule of prior projects completed
  • Entity documents
  • Reserve statements

Have a project that fits?

Send us the scenario and we will tell you honestly whether it works, and which lender is the right home for it.

Other programs

Explore the rest of the shelf.

Common questions about fix and flip loans

How much of the purchase and renovation can be financed?

Up to 90 percent of the purchase price and 100 percent of the renovation budget, with the total sized against the after repair value rather than what you are paying today.

What is ARV and why does it matter so much?

After repair value is what the property will be worth once the work is finished. Fix and flip loans are sized against that number, which is why an accurate ARV matters more than the purchase price when you are working out what you can borrow.

Do fix and flip loans require tax returns?

No. These are business purpose loans underwritten on the project and the property. Your personal income documentation is not the deciding factor.

Can a first time flipper get a fix and flip loan?

Yes. Experience improves your terms and can raise how much of the purchase is covered, but first projects are financed regularly.