Loan programs
Fix & flip loans
Buy it, renovate it, sell it, with one lender financing the purchase and funding the rehab as the work gets done.
How the loan is structured
- Interest-only, short-term loans sized to your project timeline
- Leverage based on purchase price, rehab budget, and after-repair value
- Rehab funds held back and released in draws
- Extension options discussed up front, never sprung on you later
What we'll ask for
- Purchase contract and property address
- Line-item scope of work and budget
- Track record of completed projects, if any
- Entity documents and proof of funds for your equity
- Contractor information and insurance
How draws work
Rehab money is released as work is completed and verified, which protects the project and keeps the budget on track.
Draw 1: demo, rough plumbing & electricalReleased
Draw 2: roof, windows, drywallReleased
Draw 3: kitchen, baths, flooringInspection scheduled
Draw 4: paint, fixtures, landscapingPending
Illustrative example. Draw schedules are set for each project in the loan documents.
Questions
How fast can you close?
It depends mostly on the appraisal or valuation, title, and how quickly documents come in. Tell us your contract deadline up front and we'll say honestly whether we can meet it.
What if the rehab runs over budget?
Overruns are generally covered by the borrower. That's why we ask about contingency reserves and review the budget carefully before closing.
Can I refinance into a rental loan instead of selling?
Yes. Many investors switch exits after the rehab. See our long-term rental loans.