What Do Lenders Look for in a Fix and Flip Loan?
How lenders evaluate the deal, borrower, and exit - ARV, credit, down payment, experience, and more.
Read moreFix and Flip Loans: Fund Purchase and Renovation in One Loan
Short-term fix and flip financing for real estate investors - up to 80% of purchase price and 100% of rehab costs. Close in 1-3 weeks. Single-family, multi-family, condo. One application, we match you with the right lender. Apply today.
- Up to 80% LTV, 100% rehab financing
- Close in 1-3 weeks
- Purchase + rehab-in one facility
- Single-family, multi-family, condo
Fix and Flip Financing at a Glance
80%
Max LTV (purchase)
100%
Rehab financing
90%
Max LTC
75%
Max ARV
1-3 wks
Typical close
6-18 mo
Terms
Why Fix and Flip Loans? Purchase and Renovate Without Tying Up Cash
A fix and flip loan is short-term financing designed for investors who buy distressed properties, renovate them, and sell for profit. Unlike traditional mortgages, these loans fund both the purchase and rehabilitation costs-often up to 80% of purchase price and 100% of rehab-in a single facility. Terms typically run 6-18 months, aligned with the flip timeline. When you're ready to move on a deal, fix and flip financing lets you close quickly without exhausting your reserves.
Axiant Partners connects real estate investors in all 50 states with lenders who specialize in fix and flip. We help you navigate structured programs versus hard money, compare LTV and rehab terms, and get from application to funding in as little as 1-3 weeks. One application, multiple lender options. Apply now to see what you qualify for.
What Can Fix and Flip Loans Be Used For?
Fix and flip financing covers a wide range of residential and small commercial scenarios. From single-family flips to multi-family value-add - here are the most common uses.
Single-Family Residential
The classic fix and flip - distressed single-family homes bought, renovated, and resold. Kitchen and bath updates, flooring, curb appeal, systems. Fix and flip loans fund purchase and rehab-in one facility. Ideal for house flippers at any scale.
Multi-Family Value-Add
Small apartment buildings, duplexes, triplexes - value-add investors buy underperforming multi-family, renovate units, improve NOI, and sell or refinance. Fix and flip and bridge loans both support this strategy. Rehab draws fund unit-by-unit improvements.
Condo & Townhouse
Condos and townhouses often flip faster than single-family. Lower price points, HOA considerations, and interior-focused rehabs. Fix and flip programs cover purchase and renovation. Check lender eligibility - some programs focus on single-family.
Purchase + Rehab Combo
One loan covers acquisition and renovation. Funds disburse at closing for purchase; rehab draws release as work progresses. Materials, labor, permits, carrying costs - all fundable. Aligns with how flippers actually execute deals.
Distressed & Vacant Property
Foreclosures, estate sales, motivated sellers - distressed and vacant properties often offer the best margins. Fix and flip lenders understand value-add; they underwrite on ARV and exit strategy, not current condition. See what is ARV in fix and flip.
Rehab Draws & Carrying Costs
Rehab funds release in draws as work is completed - inspection or appraisal before each draw. Carrying costs - interest, insurance, utilities - can often be financed. Structure aligns with project timeline and cash flow. How fast can you close - typical timeline 1-3 weeks.
Typical Fix and Flip Loan Amounts & Structure
Fix and flip loan sizes are driven by purchase price, rehab budget, and ARV. Representative ranges:
- LTV (purchase): Up to 80% of purchase price - you bring the balance as down payment or skin in the deal.
- Rehab: Up to 100% of renovation costs, disbursed in draws as work completes.
- LTC (loan-to-cost): Up to 90% of total project cost (purchase + rehab).
- ARV cap: Loan typically capped at 75% of after-repair value. Stronger deals and borrowers may qualify for more. See maximum LTV and down payment requirements.
Deal sizes range from $50,000 for small flips to $2M+ for larger projects. Your amount depends on ARV, profit margin, and lender. Use our calculator to estimate payments.
Why Investors Choose Fix and Flip Financing
Fix and flip loans offer advantages that traditional mortgages and conventional lending often cannot match for short-term value-add deals.
Fast Closing
Hard money and structured fix and flip loans often close in 1-3 weeks. When you've found the right deal and need to move before someone else does, speed matters. Asset-focused underwriting - deal and exit drive approval.
Purchase + rehab-in One Loan
One facility funds acquisition and renovation. No need to secure purchase financing separately and then hunt for construction loans. Simplifies closing and reduces transaction costs.
Up to 80% LTV, 100% Rehab
Maximize leverage. Put less cash in and keep reserves for the next deal. Rehab fully financed means you're not funding materials and labor out of pocket. Higher leverage = more deals with the same capital.
Draw Schedule for Rehab
Rehab funds release in stages as work progresses. Inspection or appraisal before each draw protects the lender and ensures funds align with completed work. You're not fronting the full rehab cost upfront.
Hard Money vs Structured Fix and Flip Loans
Two common structures - choose based on your deal, experience, and preference for speed vs. pricing. Fix and flip vs hard money - full comparison.
Hard Money
Asset-based lending with minimal income or credit requirements. Typically higher rates and fees, faster closing. Best for experienced investors with strong deals who prioritize speed. Underwriting focuses almost entirely on collateral and ARV.
Structured Fix and Flip Loans
Programs with clearer terms and underwriting based on both deal and borrower. May offer better rates and longer terms. Often suited for investors who want a more predictable process and competitive pricing. See typical fix and flip rates.
What Do Lenders Look For?
Fix and flip lenders evaluate three main areas. See what lenders look for for the full breakdown.
- The deal: Purchase price, rehab budget, ARV, comparable sales, profit margin. Numbers must support the loan and a reasonable return. ARV drives leverage.
- The borrower: Experience, credit, liquidity, track record. Some programs available for newer investors with strong deals. See credit score requirements.
- Exit strategy: Clear plan to repay - typically sale within 6-18 months or refinance into long-term financing. Lenders want confidence you can execute.
How the Fix and Flip Process Works
Axiant Partners connects you with fix and flip lenders and guides you from application to funding.
01
Identify the Property & Apply
Find a distressed property with clear value-add potential. Establish purchase price and rehab budget. Apply - one application goes to multiple fix and flip lender partners. We screen for fit.
02
Underwriting & Valuation
Lender evaluates the deal: purchase price, rehab scope, ARV, comps, and your experience. Loan terms based on LTV, LTC, and ARV guidelines. Fast turnaround - 1-3 weeks typical.
03
Closing & Purchase Funding
Once approved, close. Purchase funds disburse at closing. Rehab funds are held for draws. You own the property and begin renovations.
04
Rehab Draws & Sale
Request draws as work completes. Inspection or appraisal before each draw. Finish the flip, list for sale. Repayment due upon sale or refinance. Then move to the next deal.
Most fix and flip loans close in 1-3 weeks. Prepare your deal package upfront.
Single-Family Fix and Flip
Single-family is the core of fix and flip. Distressed homes, outdated kitchens and baths, deferred maintenance - value-add potential is everywhere. Fix and flip financing funds the purchase and renovation in one loan. Draws release as you complete work. Sell within 6-18 months and recycle capital into the next deal. Whether you're doing one flip a year or scaling to multiple concurrent projects, single-family fix and flip loans give you the leverage to execute.
Apply now to see what you qualify for.
Multi-Family Value-Add Fix and Flip
Small multi-family - duplexes, triplexes, 4 - 12 unit buildings - offers value-add opportunities similar to single-family. Buy underperforming, renovate units, raise rents, improve NOI. Fix and flip or bridge loans fund the acquisition and renovation. Rehab draws cover unit-by-unit improvements. Exit via sale or refinance into long-term financing. Multi-family value-add scales well for investors building portfolios.
Apply now for multi-family fix and flip options.
States We Serve
Fix and flip financing is available nationwide. We work with investors in Texas, Florida, California, Arizona, Georgia, North Carolina, Illinois, New York, Colorado, Nevada, and all 50 states. Lender programs vary by state - we match you with programs that lend in your market.
Explore related financing: Commercial Bridge Loans (commercial property) � Commercial Real Estate Loans (long-term, owner-occupied) � All services
Typical Loan Terms
- Term: 6-18 months (sometimes up to 24 months)
- Rates: Typically higher than traditional mortgages due to short term and risk. See typical rates.
- Points: 1 - 3 points or more at origination
- Draw schedule: Rehab funds released in stages as work progresses
- Repayment: Balloon at maturity - sale or refinance
Extensions may be available if you need more time to sell. Discuss hold period and extension options when applying. What if the market shifts? Some lenders offer one or more extensions - fees and terms vary. Plan your hold period realistically and have a backup exit strategy.
Why Choose Axiant Partners for Fix and Flip
We focus on connecting you with the right fix and flip lender and moving your deal to funding.
- Structured deal flow - Clarity on loan structure, terms, and funding timeline. No surprises.
- Dedicated guidance - We understand fix and flip financing. ARV, LTV, LTC, draw schedules - we help you navigate.
- Multiple programs - One application to multiple lenders. Compare hard money vs structured, terms, and pricing. Find the best fit.
- 50-state reach - We serve investors nationwide. Texas, Florida, California, Arizona, Georgia, North Carolina, and beyond.
One application, multiple options, support through closing. Apply now.
Fix and Flip FAQs
How quickly can I close?
Hard money and structured fix and flip loans often close in 1-3 weeks, depending on lender and deal complexity. Prepare your deal package - purchase agreement, scope of work, contractor bids - to speed the process. How fast can you close.
Do I need experience to qualify?
Some programs require a track record; others are available for newer investors with strong deals and realistic rehab plans. Experience improves terms; first-time flippers can still qualify. Apply to see your options.
How are rehab funds disbursed?
Typically in draws as work is completed. An inspection or appraisal is usually required before each draw. Lender approves the draw; funds release. Structure protects both parties and aligns funding with progress.
What is ARV?
After Repair Value - the estimated value of the property once renovations are complete. Lenders use ARV to size the loan and set LTV/LTC limits. ARV must be supported by comparable sales. What is ARV in fix and flip.
Fix and flip vs hard money?
Both fund purchase and rehab. Hard money is asset-based, minimal underwriting, typically faster and higher cost. Structured fix and flip programs offer clearer terms and may have better rates. Full comparison.
Relevant Articles
Explore our guides on fix and flip financing, ARV, LTV, and lender criteria.
What Is ARV in Fix and Flip Loans? How It's Calculated
After Repair Value: how lenders calculate it, why it controls leverage, and common ARV mistakes.
Read moreFix and Flip Loan vs Hard Money Loan: What's the Difference?
Compare structure, pricing, underwriting. Which fits single deals vs long-term growth?
Read moreHow Fast Can You Close a Fix and Flip Loan?
Typical timelines, what speeds up or delays funding, and how to prepare your deal package.
Read moreApply for Fix and Flip Financing
If you have a fix and flip deal - single-family, multi-family, or condo - our team can help. Submit an application today. We'll match you with fix and flip lenders and guide you through to funding.