Fix & Flip Financing
Short-term private real estate financing options for acquisition, renovation, refinance, and resale projects.
Fix & Flip Financing Built Around the Project
Short-term business-purpose financing for acquiring, renovating, refinancing and repositioning residential investment properties.
Finance the Acquisition and Renovation
Fix-and-flip loans are designed for non-owner-occupied residential properties that require renovation, repair or repositioning before resale or transition into permanent financing.
The complete scenario matters: purchase price, renovation budget, after-repair value, borrower experience, liquidity and exit strategy are evaluated together.
Maximum leverage does not automatically make a transaction viable. The project must have sufficient value, budget support, borrower capacity and a credible exit strategy.
Property Acquisition
Purchase financing for eligible residential investment properties requiring light, moderate or substantial renovation.
Renovation Funding
Approved renovation funds are generally held in reserve and released through a controlled draw process as work is completed.
Refinance or Cash-Out
Eligible existing projects may be considered for refinancing or cash-out, depending on property value, seasoning and program rules.
Defined Exit Strategy
The proposed resale, refinance or rental strategy is reviewed as part of the overall financing decision.
Three Numbers Shape the Financing Structure
Available financing is determined by the complete transaction—not by one leverage percentage viewed in isolation.
Purchase + Renovation
LTC compares the loan amount with the total eligible project cost. Qualified transactions may receive financing of up to 100% of the purchase price and eligible renovation costs.
Completed Property Value
The proposed loan is also measured against the property’s projected value after the approved renovations are completed, typically subject to a maximum of 75% ARV.
Cash Requirements
Borrowers may still need funds for closing costs, lender fees, required reserves, deposits, prepaid items or expenses excluded from the approved renovation budget.
Property and Borrower Considerations
Each transaction is reviewed individually. These are common starting points rather than guaranteed approval standards.
Residential Investment Properties
- Non-owner-occupied single-family homes
- Two-to-four-unit residential properties
- Eligible condominiums and townhomes
- Light, moderate and heavy renovation projects
- Purchase and qualifying refinance transactions
The Complete Borrower Profile
- Credit history and qualifying credit score
- Completed project and investment experience
- Available liquidity and required reserves
- Renovation budget, scope and contractor plan
- Realistic resale or refinance exit strategy
How the Draw Process Generally Works
Renovation funds are typically held in a controlled account rather than provided as unrestricted cash at closing.
As approved work is completed, the borrower requests a draw and provides the documentation required by the selected lending partner.
Complete Approved Work
The borrower completes renovation work included in the approved scope.
Request a Draw
Required invoices, photos and draw documentation are submitted.
Verify Completion
The lending partner may review documentation or order an inspection.
Release Approved Funds
Eligible funds are released in accordance with the program’s procedures.
From Deal Submission to Closing
Start with the property and project details. Additional documentation can be collected as the transaction progresses.
Submit Your Scenario
Share the property, purchase price, renovation budget, experience, requested financing and intended exit strategy.
Review Financing Options
We evaluate the scenario against available programs and identify questions or additional documentation.
Complete Due Diligence
The originating lender completes valuation, underwriting, title, documentation and final closing requirements.
Financing Across Most U.S. Markets
Borrowers Capital works with funding sources offering business-purpose real estate financing across most of the United States.
The primary fix-and-flip program is not currently available in:
- Alaska
- Nevada
- Utah
- North Dakota
- South Dakota
- Vermont
Coverage and program requirements are subject to change. Other funding sources may have different geographic availability.
Fix & Flip Financing Questions
Helpful information about leverage, eligibility, renovation funds and the lending process.
Can I really receive 100% financing?
Qualified investors may be eligible for financing of up to 100% of the purchase price and eligible renovation costs, subject to a maximum percentage of the property’s after-repair value. Maximum leverage depends on experience, credit, liquidity, property, renovation scope, location and lending-partner guidelines. Borrowers may still need funds for closing costs, fees, reserves and other expenses.
How much can I borrow?
Fix-and-flip loan amounts from $75,000 to $2 million may be available. The approved amount depends on the purchase price, renovation budget, after-repair value, borrower qualifications, property, location and selected financing program.
Do I need previous fix-and-flip experience?
Previous experience is not always required, and first-time investors may qualify under selected programs. Completed projects can affect maximum leverage, pricing, borrower contribution, eligible project scope and other terms.
What credit score is required?
Some fix-and-flip programs may accept a minimum FICO score of 650. Credit is only one qualification factor. Experience, liquidity, property details, project scope and the proposed exit strategy may also affect approval and terms.
What property types may be eligible?
Eligible properties may include non-owner-occupied one-to-four-unit residential properties, condominiums and townhomes. Property condition, value, location, renovation scope and intended use are subject to lending-partner review.
How are renovation funds disbursed?
Renovation funds are generally held in a controlled account and released through a draw process as approved work is completed. Draw requirements, inspections, documentation, timing and any borrower-funded portion vary by lending partner and program.
How quickly can a fix-and-flip loan close?
Closing time depends on the completeness of the submission, property valuation, title work, insurance, required documentation and underwriting. Providing complete, accurate information promptly can help keep the transaction moving.
Let’s Review the Project.
Submit the purchase price, renovation budget, property details, borrower profile and proposed exit strategy for a preliminary review.