Fix & Flip Loans
Short-term capital to buy, renovate, and exit. This business-purpose financing covers non-owner-occupied projects from light bridge loans to heavy rehabs.
Download our Fix-and-Flip one pager here!
We also have options for investors in manufactured homes. Download our Land-Home Package one pager here!
Who qualifies
Borrower | LLC, LP, corporation, or trust with a personal guarantor age 21+; business-purpose affidavit required. |
Credit | 660+ FICO. |
Experience | Leverage is based on projects completed in the last 3 years. |
Property | Non-owner-occupied 1–4 family, condos, townhomes, and small multifamily. |
Key terms
Feature | Detail |
Loan amount | $50,000 to $5,000,000 |
Term | Up to 18 months (longer with approval), with extension options |
Closing | As fast as 24 hours after valuation and title reports are in hand |
Payments | Fixed rate, interest-only |
Interest on rehab funds | You only pay interest on rehab money once it's drawn. Funds you never draw never cost you interest. |
Maximum leverage | Up to 100% of total project cost and up to 75% of after-repair value, based on experience and credit |
Project types | Stabilized bridge, light rehab, moderate rehab, and heavy rehab |
Minimum value | $100,000 stabilized value |
Exit options | Decide to keep it as a rental? Ask about zero-point options when you refinance into our 30-year rental loan. |
How it works
1 Apply. Submit your application, opening documents, and rehab budget.
2 Valuation and conditions. While the valuation is underway, we will work together to clear any remaining closing conditions.
3 Close and draw. With valuation and title in hand, loans can close within 24 hours, as long as you respond quickly. After closing, rehab funds are released through draws as work is completed. Our team stays with you through the draw process to keep it as smooth as possible, and we're here to lend our expertise whenever questions or issues come up on your project, right through to a successful exit. And if you decide to hold the property, we can move you into a 30-year rental loan, with options for zero points.
All terms are subject to full underwriting. Every deal is reviewed individually, so contact us to discuss your scenario.
Ground-Up Construction Loans
Fund a new build from the ground up, with construction draws released as the work is completed. This business-purpose financing is for projects on vacant land, teardowns, or structures that aren't weathertight.
Who qualifies
Borrower | LLC, LP, corporation, or trust with a personal guarantor age 21+; business-purpose affidavit required. |
Credit | 660+ FICO. |
Experience | Leverage is based on ground-up projects completed in the last 3 years; first-time builders are considered at lower leverage. |
Project | Vacant land, teardowns, or non-weathertight structures, with plans, permits, and zoning verification. |
Key terms
Feature | Detail |
Loan amount | $100,000 to $2,000,000 |
Term | Up to 24 months |
Closing | As fast as 24 hours after valuation and title reports are in hand |
Payments | Fixed rate, interest-only |
Maximum leverage | Up to 90% of total cost and up to 75% of after-repair value, based on experience and credit |
Minimum value | $175,000 |
Soft costs | Up to 15% of the construction budget (permits, plans/architect, inspections) |
How it works
1 Apply. Submit your application and opening documents, including your plans and permits.
2 Valuation and conditions. While the valuation is underway, we will work together to clear any remaining closing conditions.
3 Close and build. With valuation and title in hand, loans can close within 24 hours, as long as you respond quickly. After closing, draws are released against verified completed work after each inspection.