How It Works
Fix and flip loans (also known as rehab or bridge loans) are short-term financing solutions designed for investors who buy distressed properties, renovate them, and sell them for a profit. These loans can provide capital for both the initial purchase and the construction costs.
Unlike long-term mortgages, fix and flip lenders often focus on your experience as a real estate investor and the profitability of the specific deal. Many programs provide renovation funds through a draw process or controlled disbursement structure. Procedures vary by lender.
Key Benefits
Renovation Funding
Many fix-and-flip programs provide renovation funds through a draw process or controlled disbursement structure. The percentage of rehab costs financed varies by lender and scenario.
Speed to Close
Some programs can close in weeks rather than months, helping investors compete with cash buyers. Timelines vary by lender.
Interest-Only Payments
Many programs offer interest-only payments during the renovation phase to help keep carrying costs lower, though terms vary by lender.
Flexible Exit Structures
Some programs may offer limited or no prepayment penalties depending on the lender and loan structure. Prepayment terms vary by program.
Typical Guidelines
Securing a reliable fix and flip loan can help keep your project funded from acquisition through the final punch list. Program guidelines vary by lender — comparing wholesale programs can help identify the right fit. See our Fix & Flip Financing and Bridge Loans pages for more.
Submit Your Scenario
Get started by completing the form below and an associate will reach out to get your free quote.
"*" indicates required fields