Fix & Flip Loans

Get the financing you need for your fix & flip and fix & hold properties

Get Started with a Fix & Flip Loan

Our Fix & Flip loans14 allow investors to acquire and/or renovate multiple properties up to an approved exposure limit (based on Individual & Business approval).

Key Facts About Our Fix & Flip Loans

  • 3+ experience required (includes builds, flips, rentals)
  • Extensive rehab financing available (budgets > 50% of total costs)20
  • Individual and Business approval for exposure limits up to $10MM with individual property loan amounts from $50K to $1MM
  • Financing for up 100% of renovation expenses, 90% LTC max, and 85% acquisition max
  • Optional interest reserves
  • Soft Costs included in financing (contractor’s fees, contingency fees, permits, surveys, etc.)
Fix & Flip Exposure Limit Loan
Loan Purpose4
Rehab loan for non-owner occupied residential investment property
Interest Rate1
As low as 6.75%, varies per individual property loan
Loan Amount
$50K - $1MM
Term
12 months standard,
18 month option available (subject to loan level pricing adjustment)
Borrower Type
Individual or Entity
Minimum Experience
3+ experience (flips, builds, rentals owned in the last 36 months)
Maximum Loan-to-Value (LTV)7
Standard Rehab up to 70% / Extensive Rehab up to 65% After Repair Value (ARV)20
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount8
Standard Rehab max 90% / Extensive Rehab max 85% 20
When do we use LTV vs LTC?
Generally, we use the lesser of LTV or LTC calculation
Rehab/Construction Financing
Funding up to 100% rehab budget up to % Approved LTV of Total Costs
PROPERTY TYPESNon-Owner Occupied:
  • Attached or detached SFR
  • 2-4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Condos

Why Choose a Fix & Flip Exposure Limit?

  • The Fix & Flip Exposure Limit is designed for investors who need funding for multiple flips and renovations.
  • Applying for an Exposure Limit is easy and allows investors to close Fix & Flip loans more quickly.
  • Grow with FACo: As you fund more property loans with us and gain experience, your terms may improve.
  • Extensive Rehab financing is available for larger Fix & Flip projects.
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