Fix and Flip
Purchase and rehab in one facility.
Short-term investor financing that funds both the acquisition and the renovation budget, underwritten to after-repair value with draws released as work is completed.
What makes this loan different
- Up to 90% of purchase and 100% of rehab on many programs
- Underwritten to after-repair value
- Draw schedule with fast inspections
- Experience-based pricing tiers
Who this is built for
- Flippers running one to twenty projects a year
- Investors buying properties banks call unlendable
- BRRRR strategies with a DSCR exit
Leverage that respects the budget
The strongest fix and flip programs fund a large share of the purchase and the entire renovation budget in draws. Your cash goes into the down payment and carrying costs rather than into materials, which is what allows two or three projects to run at once.
Pricing improves with documented experience, so keep a record of every completed project with addresses, purchase and sale prices, and dates.
Managing draws
Renovation money is released in stages after inspection. Build the schedule around milestones your contractor can actually hit, and keep enough liquidity to float one draw cycle.
What lenders typically ask for
- Purchase contract and property details
- A line-item rehab budget with scope of work, supported by contractor bids
- Contractor licensing and insurance where required
- An appraisal including after-repair value
- Proof of liquidity for down payment, closing costs, and carrying costs through the project
- Prior project history where the lender prices on experience
Requirements vary by lender and by file. This is a general picture of what is commonly requested, not a checklist for a specific loan.
Worth knowing
Rehab money comes in draws, not upfront.
Funds release against completed work, usually after inspection. The borrower fronts each stage and gets reimbursed, which means working capital beyond the down payment is not optional.
Carry costs are the borrower's throughout.
Interest, taxes, insurance, and utilities run for the whole project. A timeline that slips by two months is a real cost, and timelines slip.
After-repair value sets the leverage.
The appraiser's ARV, not the borrower's projection, determines what the lender will advance. A gap between the two is the most common reason a deal has to be restructured late.
Experience changes the terms.
Completed projects generally improve leverage and pricing. A first project usually means more equity and closer oversight.
See what this program would take in your case.
We are brokers — this program is shopped across hundreds of wholesale lenders, not quoted off one rate sheet. A short application gives us enough to compare real options.
Program availability, terms, guidelines, and documentation requirements vary by lender and are subject to underwriting and change without notice. This is not a commitment to lend.