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Fix-and-flip loans.

Acquisition + rehab in one loan. Fix-and-flip loans from pre-vetted direct hard money lenders on Ask Speedy. Up to 90% LTC + 100% rehab funding, ARV-based underwriting, 7-day close, 10-12% rate, 12-18 month terms.

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Defined

What is a fix-and-flip loan?

A fix-and-flip loan is short-term financing for buying a distressed property, renovating it, and selling for profit. Direct lenders fund acquisition + 100% of rehab costs as one loan, underwritten against After-Repair Value (ARV).

For ISOs, fix-and-flip is the highest-volume residential investor product after DSCR. The loan typically resolves in 12-18 months: investor buys, rehabs over 3-6 months, lists, and sells. Some flippers refinance into DSCR instead of selling — that's the BRRRR strategy.

Fix-and-flip at a glance

Terms across direct lenders.

Loan range $50,000 – $5,000,000+
Rate range 10–12%
Max LTC (purchase) Up to 90% (experienced); 80% (first-time)
Rehab funding Up to 100% of rehab costs
Max ARV LTV 70–75% total loan against ARV
Term 12–18 months, interest-only
Prepayment Usually none
Time to close 7–14 days
Experience requirement 0+ deals (first-time programs); 5+ deals for best rates
Documentation Low/no doc — entity, contract, rehab budget, ARV appraisal

FAQ

Fix-and-flip, answered.

What is a fix-and-flip loan?
A fix-and-flip loan is short-term financing for buying a distressed or under-renovated property, rehabbing it, and selling for profit. Direct lenders fund acquisition + 100% of rehab costs, underwriting against After-Repair Value (ARV). 12-18 month terms, interest-only, 10-12% rate.
What is ARV underwriting?
ARV (After-Repair Value) is the projected property value after renovation. Direct lenders loan up to 70-75% of ARV total. Example: $200k purchase + $50k rehab on a $400k ARV property — lender funds 70% of $400k = $280k. The investor's down payment is the gap.
How fast does a fix-and-flip loan close?
7-14 days typical from full application. Same-day approvals common. Speed is critical for fix-and-flip — distressed sellers won't wait, and time-to-close determines whether the deal happens.
How is rehab funding distributed?
Rehab funds are released in draws tied to construction milestones. Typical: 3-6 draws across the project. Each draw requires inspection. Investor advances the rehab; lender reimburses on inspection. Some lenders pre-fund draws.
Can a first-time flipper get financing?
Yes, but at higher rate and lower LTV. Some direct lenders specialize in first-time flippers (12-14% rate, 80% LTC). Experienced flippers (5+ deals) get 10% rates and 90% LTC.

Fix-and-flip, sourced direct.

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Updated 2026-05-10