Fix and Flip Loan Requirements
Our fix and flip program requires a FICO of at least 680, goes up to $5,000,000, and is sized on cost (LTC) and after-repair value (ARV), whichever gives the lower amount, with both limits confirmed per deal. Terms are 12-24 months, interest-only. Prior experience is preferred, not required.
Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Key loan facts
- Loan Amount
- $100,000 to $5,000,000
- Eligible properties
- 1-4 unit investment properties
- Minimum FICO
- Minimum FICO 680
- Term
- 12-24 month term, interest-only
What we need for a first look
To issue preliminary terms we typically need the property address, the asset type, the requested loan amount, the purchase price or current value, your business plan and your desired closing timeline. For a flip, include the renovation budget and your plan for the property.
Where it fits
Underwriting documents come later, on the checklist in your portal after a term sheet is issued. Typical items are a photo ID for each guarantor and entity documents, plus the documents that fit the project.
Illustrative example
Illustrative: a $200,000 purchase plus a $60,000 renovation is $260,000 of cost, and the appraiser puts the after-repair value at $320,000. The loan is checked against both figures, and whichever limit gives the smaller loan controls. We confirm both limits for each deal.
Initial fit check
Check first: FICO at or above 680, a renovation budget, an ARV estimate, and enough cash to cover the gap between the loan and the total cost.
Ready to check a project? Start an application.
Eligible Asset Types
- 1-4 unit investment properties
Underwriting Guidelines
- Minimum FICO 680
- Leverage is sized on cost and after-repair value, confirmed per deal
- 12-24 month term, interest-only
- Prior experience preferred
- State availability is confirmed per deal.
Who This Is For
- Investors with a defined purchase, budget and resale or refinance plan
Who This Is Not For
- Owner-occupied residential buyers
Frequently Asked Questions
Request Financing
Tell us about the property. We send preliminary terms, which are an estimate and not an approval.
Request Financing View Program GuidelinesSubject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.
Program Loan Limits
Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Ready to start a loan request?
Commercial real estate and investor property loans. Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.