Fix and Flip LoansFast Capital for Real Estate Investors
Fix and flip loans provide short term financing for property acquisition and renovation. PeerSense connects you with lenders who close quickly and fund rehab draws as you complete the work.
How do fix and flip loans work?
Fix and flip loans are short term (6 to 18 month) financing at 65 to 80% LTV for purchasing and renovating residential properties. Rates typically run 9 to 14% with interest only payments. Lenders fund based on after repair value (ARV) and release rehab draws as renovation milestones are completed.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated May 2026.
What Is a Fix and Flip Loan?
A fix and flip loan is short term financing designed for real estate investors who purchase distressed properties, renovate them, and resell for profit. Unlike traditional mortgages, fix and flip loans are structured for speed and flexibility, not long term ownership.
Lenders advance capital for both the purchase and renovation costs, releasing rehab funds in draws as work is completed. The loan is repaid when the property is sold, typically within 6 to 18 months.
Fast Close
7 to 14 day closing timeline typical. No appraisal delays or income verification.
Rehab Draws
Funds released in draws as renovation milestones are completed and inspected.
Experience Based
Underwriting based on your track record and deal quality, not just credit score.
Fix and Flip Loan Details
Flexible terms designed for real estate investors who need fast capital and rehab funding
Loan Amount
Higher amounts available for experienced investors with strong track records
Loan to Cost (LTC)
Covers purchase price plus renovation costs
Loan to Value (LTV)
Based on After Repair Value (ARV) of the property
Term Length
Interest only payments during renovation period
Closing Timeline
Faster than conventional loans due to quicker underwriting
Credit Requirements
Experience and deal quality matter more than credit score
Compliance Note
Subject to credit approval. Rates and terms vary by deal profile, credit score, experience level, and property type. PeerSense sources capital through a curated network of commercial lenders and capital sources.
Property Types Covered
Fix and flip loans are available for residential properties requiring renovation and resale
Single Family Homes
Detached single family residences in need of renovation
Condos & Townhomes
Condominiums and townhomes requiring cosmetic or structural updates
2 to 4 Unit Multifamily
Small multifamily properties for renovation and resale or rental conversion
Exit Strategy Required
Fix and flip loans are short term financing designed for properties that will be renovated and resold within 6 to 18 months. Lenders require a clear exit strategy: either resale to a retail buyer or refinance into permanent financing.
How Rehab Draws Work
Fix and flip lenders release renovation funds in draws as work is completed and inspected. This protects both the lender and the borrower, ensuring funds are used for their intended purpose and that work is progressing on schedule.
Submit Draw Request
Submit a draw request with photos and invoices showing completed work
Lender Inspection
Lender or third party inspector verifies work has been completed as described
Funds Released
Lender releases funds directly to borrower or contractor within 3 to 5 business days
Repeat Until Complete
Process repeats for each renovation milestone until project is complete
Typical Draw Schedule
Draw Timeline
Who Qualifies for Fix and Flip Loans?
Fix and flip loans are available to real estate investors with varying experience levels
Experienced Flippers
Investors with 2+ completed flips qualify for best rates and highest LTC
First Time Flippers
New investors can qualify with lower LTC and higher down payment requirements
Portfolio Investors
Investors with multiple simultaneous projects can access portfolio level financing
Fix and Hold Investors
Investors planning to refinance into permanent financing after renovation
Minimum Requirements
What Lenders Look For
Does this file sit in the live box?
Originators, factoring, CMBS, bridge, data center. Public floors first.
Frequently Asked Questions
Need Fix and Flip Financing? Let's Talk.
PeerSense connects you with fix and flip lenders who close quickly and fund rehab draws. One conversation. Direct introduction.