Fix & Flip · Business-purpose
Fix-and-Flip Financing for Purchase and Rehab
REI Capital Consulting LLC is not a direct lender. Financing is provided by independent third-party lenders. Programs are subject to lender underwriting and approval.
Who this fits
- Investors buying a single-family property to renovate and resell
- Borrowing through an LLC or other business entity
- Projects with a written scope of work and line-item budget
- An ARV supported by recent comparable sales
- First-time flippers with a realistic plan and cash reserves (program-dependent)
Usually not a fit
- Any property you or your family will live in
- Borrowing in your personal name with no entity
- Properties in states the referenced program does not serve (NV, SD, UT, VT)
- Renovations with no budget or no comparable-sales support
How it works
How fix & flip financing typically works
Purchase
The lender funds part of the purchase price at closing; you bring the rest plus closing costs.
Renovation
Some or all of the rehab budget is funded, usually reimbursed in draws after inspection.
Payments
Short-term structures are often interest-only during the term.
Sale
You sell the finished property and repay the loan, commonly within 12 months.
What lenders typically review
- Business-entity borrower
- Recent flips or rehab experience
- Credit score and cash available
- Purchase price and scope of work
- After-repair value from comparable sales
- Exit timeline versus the loan term
Where it’s available
Fix-and-flip programs are offered in many states, but not all. The COGO Capital fix-and-flip program referenced here is not currently available in Nevada, South Dakota, Utah, or Vermont. Other lenders may serve those states, so you can still submit a scenario.
Published lender examples
What one lender currently publishes
These are examples of parameters an independent lender publishes on its own website. They are not our terms, not offers, and they can change at any time. Final terms come only from the lender after underwriting.
| Published loan range | From about $50,000 |
|---|---|
| Credit | Lender-published minimum around 600; may vary by program |
| Loan-to-cost | Program-specific; based on cost and borrower profile |
| Loan-to-value | Program-specific; published maximum around 70% of value |
| Term | Commonly up to 12 months |
| Interest structure | Short-term; program-specific pricing |
| Experience | New and experienced investors considered; terms vary by experience |
| Property types | Non-owner-occupied single-family investment property |
| Not available in | NV, SD, UT, VT |
| Also published | Borrower must be a business entity |
| Also published | Non-owner-occupied investment property only |
Example of currently published lender parameters only. Not an offer or commitment to lend. Terms may change without notice and depend on lender underwriting, borrower and property eligibility, and geographic availability. Values described with “up to,” “may,” or “around” depend on lender underwriting.
Source: COGO Capital published program page. Information last reviewed .
Information last reviewed:
Fix & Flip questions
What is a fix-and-flip loan?
A fix-and-flip loan is short-term, business-purpose financing for buying a non-owner-occupied property, renovating it, and selling it. Lenders commonly fund part of the purchase price and some or all of the renovation budget, often with interest-only payments. Leverage and pricing depend on the borrower’s experience, credit, cash, the property, and the after-repair value.
Do first-time investors qualify?
Sometimes. Some fix-and-flip and bridge programs consider first-time investors, usually with lower leverage, higher cash requirements, or other conditions than experienced borrowers receive. Ground-up construction programs generally require documented construction experience. If you are new, share your plan, budget, team, and reserves in the scenario so the right options can be identified. Final eligibility is always the lender’s decision.
Is fix-and-flip financing interest-only?
Many short-term fix-and-flip programs use interest-only payments during the term, which keeps monthly costs lower while the property is being renovated. Some programs include an interest reserve instead. The exact payment structure, rate, and points are set by the lender and depend on the borrower, the property, and the program.
What is the minimum fix-and-flip loan amount?
Minimums vary by lender. As one example, COGO Capital currently publishes fix-and-flip loans beginning around $50,000. Other programs set higher minimums. Very small loans can be harder to place because fixed lender costs are similar regardless of loan size. Share your numbers and we’ll tell you what may fit.
Are owner-occupied properties eligible?
Generally, no. The programs described on this site are business-purpose loans for non-owner-occupied investment properties. If you plan to live in the property, including one unit of a small multifamily, you will usually need a consumer residential mortgage from a licensed mortgage lender instead. Tell us about the deal if you are unsure, and we will point you in the right direction.
Have a fix & flip deal?
Send the basic project details. We’ll review the scenario and identify potential next steps.
REI Capital Consulting LLC is not a direct lender. Financing is provided by independent third-party lenders. Programs are subject to lender underwriting and approval.