Fix-and-flip loans are specialized real estate investment loans created for investors purchasing residential properties with the intention of renovating and reselling them for profit. These loans typically cover both acquisition and renovation costs and are structured to match the short-term nature of the project. Fix-and-flip financing allows investors to execute renovations efficiently without tying up significant personal capital, making it easier to scale multiple projects at the same time.
Key Features:
- Loan amounts from $50,000 to $5M+
- Nationwide availability
- Loan terms typically between 6 and 18 months
- Loan terms typically between 6 and 18 months
- First-lien financing on 1–4 unit residential properties
- Funds allocated for renovations and released in draws
- Streamlined approval for experienced investors
Benefits:
- Supports renovation and resale strategies
- Short-term structure aligns with flip timelines
- Faster funding than traditional loans
- Non-recourse options for experienced investors