Finance up to 90% of purchase price plus 100% of renovation costs
Short-term financing designed for quick turnaround projects
Loan amounts based on After Repair Value, not current condition
Close in as little as 10-14 days with proper documentation
From deal submission to final draw, here's the process for financing your renovation project.
Provide property address, purchase price, and renovation budget
We evaluate ARV, renovation scope, and your experience level
Receive loan terms within 24-48 hours of complete submission
Order appraisal with ARV and clear title requirements
Close in 10-14 days, receive purchase funds at closing
Request renovation draws as work is completed and inspected
Typical requirements for fix and flip financing. Actual terms vary by deal and borrower profile.
Credit Score
660+ (some programs 620+)
Down Payment
10-20%
Experience
Preferred but not required
Property Types
SFR, 2-4 units, condos
Loan Amount
$75K - $3M+
Loan Term
6-24 months
Renovation funds are released in phases as work is completed and inspected.
| Phase | Amount | Timing |
|---|---|---|
| Purchase Closing | Purchase funds | At closing |
| Demo & Rough-In | 25% of rehab budget | After inspection |
| Mechanicals | 25% of rehab budget | After inspection |
| Finishes | 25% of rehab budget | After inspection |
| Final Draw | 25% of rehab budget | After final inspection |
Draw schedules are customized based on project scope. Inspections typically completed within 24-48 hours.
While experience is preferred, first-time flippers can qualify with a strong deal, good credit, and adequate reserves. Some programs require partnering with an experienced contractor or mentor for your first project.
Renovation funds are held in escrow and released through a draw schedule. As you complete phases of work, an inspector verifies completion and funds are released—typically within 2-3 business days of inspection.
Most fix and flip loans offer extension options, typically in 3-6 month increments for an extension fee. Communicate early if you anticipate delays to arrange extensions before maturity.
Yes! Many investors use fix and flip financing for the acquisition and renovation phases, then refinance into a long-term DSCR loan once the property is stabilized and rented.
Rates typically range from 10-14% depending on experience, credit score, LTV, and market conditions. Points (origination fees) usually range from 1-3 points.
Yes, we can finance properties needing significant renovation including foundation work, additions, and full gut rehabs. The scope of work is evaluated during underwriting.