# Fix and Flip Loan Requirements

> Fix and flip loan requirements at Riverside Park Capital: loans up to $5,000,000, 680 minimum FICO, leverage sized on cost and after-repair value, prior experience preferred.

Canonical: https://riversidepark.capital/fix-and-flip-loan-requirements
Markdown: https://riversidepark.capital/fix-and-flip-loan-requirements.md

## Quick answer

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.

## 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.

**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.

**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.

## Loan parameters

- Loan size: $100,000 to $5,000,000
- Loan type: Fix and Flip

## Eligible assets

- 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.

## FAQs

**Q: Is investor experience required for a fix and flip loan?**

No. Prior experience is preferred, not required. Your track record is one part of the review.

**Q: Is a fix and flip loan sized on DSCR?**

No. It is sized on cost and after-repair value, not on stabilized rent coverage.

## Related

- [Fix and Flip Loans](https://riversidepark.capital/fix-and-flip-loans)
- [Fix and Flip Loan LTC](https://riversidepark.capital/fix-and-flip-loan-ltc)
- [Fix and Flip Loan ARV](https://riversidepark.capital/fix-and-flip-loan-arv)
- [LTV vs LTC vs ARV](https://riversidepark.capital/glossary/what-is-ltv-vs-ltc-vs-arv)

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Source: Riverside Park Capital - https://riversidepark.capital/fix-and-flip-loan-requirements