Fix & Flip
Financing
Up to 90% Loan-to-Cost (LTC)
Up to 75% Loan-to-After-Repair Value (LTARV)
Loan amounts from $100,000 to $5,000,000
Minimum FICO score: 620-660
12–24 month term options
Interest-only payments
Eligible properties: 1–4 unit residential
Interest Rates & Points
Interest Rate:
8.5% – 13%*
Origination Points:
1% – 4%
*Interest rate depends on FICO and experience.
Loan Terms from 12-24 Months
Short-term financing built for quick turnaround projects. Interest payments only.
Loan Structure (LTV & LTC)
Lenders use two primary metrics to determine how much cash you need to bring to the table:
Loan-to-Cost: Covers a percentage of the total project cost.
Most lenders fund 85% – 90% of the purchase price and 100% of the renovation costs.
After Repair Value: Lenders generally cap the total loan at 70% – 75% of the expected final value.
Example:
If a house will be worth $500k after repairs, your total loan (purchase + rehab) usually won't exceed $350k–$375k.
Renovation Draws
The rehab money is held in escrow. You complete a portion of the work, the lender inspects it, and then "draws" (reimburses) the funds to you.
Prepayment Penalty
Fix-and-flip loans have no prepayment penalty, allowing you to sell as soon as the work is done.
Designed for Investors Scaling Projects
Ideal for repeat flippers and first-time rehab investors alike.