Fix & Flip Loans
Short-term, asset-based financing for residential investors. Lender funds your purchase plus the rehab, you renovate, then sell or refinance. Built for the property and the deal — not your W-2.
Up to LTC
90%
Up to ARV
75%
Term
6–18 mo
Close in
7–14 days
The basics
A fix-and-flip loan funds an investor's purchase of a distressed property and most or all of the renovation budget. Because the loan is underwritten against the property's after-repair value (ARV) instead of your personal income, approval is fast and structured around the project: typically 6 to 18 months, interest-only, with the rehab budget held back and released in draws as work is completed.
Most investors close in an LLC, exit by selling the renovated home (the classic flip) or refinancing into a long-term DSCR loan to keep it as a rental (the BRRRR strategy). Either way, the goal is to get in, add value, and recycle your capital quickly.
Loan terms
Industry-typical ranges for 2026. Your final terms depend on credit, experience, and the deal — Max will lock your specific quote during pre-approval.
Interest rate
8.5%–12%
Industry-typical range for 2026. Your specific rate is priced from credit, experience, and the deal.
Origination
1–3 points
Paid at close. Charged on the total loan amount and may flex with leverage.
Loan-to-cost (purchase)
Up to 90%
Leverage on the purchase price. Up to 100% of documented rehab cost is also financed via holdback.
Loan-to-ARV
Up to 75%
Total loan capped against the after-repair value. The lender's downside protection.
Term length
6–18 months
12 months is most common. Extensions are typically available if your timeline slips.
Time to close
7–14 days
Asset-based underwriting moves fast — bring a clean scope and a contractor estimate and you can close in under two weeks.
Who it's for
Got the deal, ready to do the work. We'll walk you through what lenders need to see for project #1.
Volume pricing, faster underwriting, and sharper terms when you've got a track record of completed flips.
Buy, renovate, rent, refinance, repeat. Use a fix-and-flip loan as the front end and roll into a long-term rental loan after stabilization.
The process
Quick conversation about you, the deal, and the rehab. We'll lock the structure before you go under contract.
At closing the lender funds the purchase and reserves the rehab budget in a holdback account.
Pay your contractor, complete each scope phase, then submit a draw request to the lender.
An inspector confirms the work, the lender releases the draw, and you move to the next phase.
List and sell, or refinance into a 30-year DSCR rental loan. Loan pays off, capital recycles.
Where Max lends
Max is licensed for residential lending in Michigan, Florida, and North Carolina, with deep market knowledge in each. Investment-property loans are available across 38 states — ask about yours.
What you'll need
Have these in hand before pre-approval and the process moves fast. Missing something? Max will tell you exactly what's needed and when.
FAQ
No. First-time flippers regularly qualify with adequate reserves, a licensed contractor, and a clean scope of work. Pricing is tiered — once you complete a flip or two, your subsequent loans price better.
Seven to fourteen days is typical when title is clean and the appraisal lines up. Conventional financing on the same property would usually take 30–45 days, which is the speed advantage you're paying for.
The rehab budget is held back at close and released to you in draws as work is completed. You pay your contractor, request a draw, the lender inspects, the draw funds. Plan your cash flow around having to front each phase before the draw clears.
A 620 score is the baseline most programs require. Scores in the 660–680+ range unlock the best leverage and pricing. Lower scores aren't an automatic no, but expect lower LTC or higher reserve requirements.
Yes — fix-and-flip loans are business-purpose loans, so closing in an LLC or other entity is standard. We'll guide you through entity formation if you don't already have one.
Extensions are usually available, often for a small fee. The cleanest outcome is to plan a buffer into your timeline upfront so you're not negotiating from the back foot. We'll discuss exit strategy and timeline at pre-approval.
Send the deal over and Max will line up the structure, leverage, and timeline. No credit pull on the initial conversation.