Fix and Flip Loans for Real Estate Investors
As a mortgage broker, Westpark Loans sources fix and flip loan programs from multiple private and institutional lenders to structure short-term capital around project profitability.
Whether you are acquiring a distressed property, funding renovation, or repositioning for resale, fix and flip loans provide both purchase financing and rehab capital.
We serve California borrowers for consumer-purpose transactions and provide nationwide fix and flip financing for business-purpose real estate investors.
What Is a Fix and Flip Loan?
A fix and flip loan is short-term financing designed for investors who purchase properties below market value, renovate them, and resell for profit.
These loans typically fund both acquisition and renovation costs and are structured around after-repair value (ARV), project scope, and exit strategy.
Instead of traditional long-term underwriting, lenders focus on property value, rehab budget, and investor experience.
Why Investors Use Fix and Flip Loans
Real estate investors use fix and flip loans because they:
- Close quickly for competitive acquisitions
- Finance renovation costs through structured draw schedules
- Leverage after-repair value (ARV)
- Minimize capital tied up in single projects
- Scale multiple projects simultaneously
Fix and flip financing prioritizes velocity and margin — not long-term amortization.
Qualification & Flexibility
Guidelines vary by lender. As a broker, we compare multiple fix and flip programs to structure the right solution.
Typical parameters may include:
- Loan-to-value based on purchase price and ARV
- Funding for renovation budget through draw schedules
- 6–18 month loan terms
- Interest-only payments during project term
- Entity (LLC / Corp) ownership permitted
- Experience-based leverage adjustments
Not every fix and flip program is the same. We structure financing based on project scope, budget, timeline, and resale strategy.
Program Structure & Terms
Depending on lender selection and project profile, fix and flip loans may offer:
- Purchase + rehab bundled financing
- ARV-based underwriting
- Flexible draw structures for renovation
- No income documentation for business-purpose loans
- First-lien and select second-lien options
- No prepayment penalties in select programs
Because we source from multiple lenders, we tailor structure to project size, experience level, and exit timeline.
Strategic Use Cases
Fix and flip loans are commonly used for:
- Acquiring distressed or underpriced properties
- Funding cosmetic or full renovation projects
- Scaling multiple flips simultaneously
- Repositioning properties for resale at higher value
- Short-term capital while awaiting sale
Strategic capital deployment — not traditional income documentation — drives approval logic.
Process Overview
- Review of purchase contract and rehab budget
- Valuation and ARV analysis
- Term sheet outlining leverage and draw schedule
- Underwriting and due diligence
- Closing and funding
Fix and flip transactions often close in 10–21 days depending on valuation and documentation timelines.
Important Considerations
- Higher rates compared to long-term financing
- Renovation timelines must be realistic
- Draw schedules require documentation and inspections
- Exit strategy should be clearly defined prior to closing
We evaluate project viability within broader portfolio and liquidity strategy.
Frequently Asked Questions
Many programs finance a significant portion of the rehab budget, subject to ARV and lender guidelines.
Some lenders adjust leverage based on experience. First-time investors may qualify with structured oversight.
Funds are typically released through draw schedules based on completed work and inspections.
Yes. Many fix and flip lenders allow entity ownership structures.
Some programs have no prepayment penalties. Terms vary by lender.
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There’s no one-loan-fits-all solution. For more information on our All In One Loans, please contact our licensed Loan Specialists to find the best option for you.
Westpark Loans – Your Trusted Partner in Real Estate Financing.
Broker Advantage Statement
Not every fix and flip loan program is the same.As a mortgage broker, Westpark Loans compares lenders to structure the right solution based on your property, leverage needs, and defined exit strategy.