Fix & Flip Loans

for Real Estate Investors

Fix & flip loans are short-term financing options designed for real estate investors purchasing properties to renovate and resell for a profit.

Fix & flip loan eligibility, leverage, renovation budgets, borrower experience, property condition, and exit strategy requirements vary by lender and project.

How Fix & Flip Loans Work

Property & Project Review

The lender reviews the purchase price, renovation scope, budget, property condition, and projected after-repair value to evaluate the project.

Loan Approval & Closing

Once the borrower, property, renovation plan, and financing structure are approved, the fix & flip loan can move to closing.

Renovation Funds & Draws

Renovation funds may be released in stages as work is completed and verified, depending on the lender’s draw process and project requirements.

Sale or Refinance Exit

The loan is typically repaid when the renovated property is sold or refinanced into longer-term financing, depending on the investor’s strategy.

Fix & Flip Loan Requirements to Expect

Down Payment & Equity

Fix & flip programs typically require the investor to contribute funds toward the purchase and project, with leverage based on the property, borrower profile, and lender guidelines.

Renovation Budget

The lender typically reviews the scope of work, contractor estimates, renovation costs, and contingency funds to confirm the project budget is realistic.