Residential flip financing

Requity Lending provides fix and flip loans from $100,000 to $5,000,000. We lend up to 90% of the total project cost (purchase price plus renovation budget) and up to 75% of the after-repair value (ARV). The rehab portion of the loan is funded at 100% of the approved renovation budget and released through a draw process as work is completed.

Prior flip experience is helpful but not required for every deal. First-time flippers can qualify with a strong deal, adequate reserves, and a realistic renovation plan. Borrowers with a track record of completed flips will typically receive better terms, higher leverage, and faster approvals.

After closing, you complete renovation work in phases and submit draw requests through our portal. A third-party inspector verifies the completed work, and funds are released within 2-3 business days of a successful inspection. You can submit draws at any point during the project as work milestones are completed.

We can close fix and flip loans in as fast as 72 hours from signed term sheet. Most residential bridge deals close within 72 hours to 14 business days. We deliver term sheets within 24 hours of receiving a complete deal package, and there is no credit pull required to receive a term sheet.

Our rehab holdback covers virtually all renovation work: cosmetic updates (paint, flooring, fixtures), full gut renovations (kitchens, bathrooms, layout changes), structural work (roofing, foundation), and mechanical upgrades (electrical, plumbing, HVAC). The scope of work is reviewed during underwriting and approved as part of the loan.

Yes. If your business plan changes mid-project and you decide to hold the property as a rental, you can refinance out of the bridge loan into a long-term DSCR rental loan once the renovation is complete and a tenant is in place. This is the core of the BRRRR strategy, and Requity supports both the bridge and the permanent financing sides.

The after-repair value is the estimated market value of the property after all renovations are completed. Requity underwrites fix and flip loans based on both the loan-to-cost (LTC) and the loan-to-ARV ratio. We lend up to 90% of total cost and up to 75% of ARV, whichever is lower. A higher ARV relative to your total cost means more available leverage.

Requity Lending provides fix and flip financing nationwide. We evaluate each deal based on the local market, comparable sales, the property condition, and the borrower's renovation plan. Urban, suburban, and select rural markets with strong resale demand are all eligible.

Fix and flip loans start at 9% interest-only with origination points and standard closing costs. Interest is calculated only on the drawn balance, so you do not pay interest on rehab funds until they are released.

Requity finances single-family homes, duplexes, triplexes, fourplexes, townhomes, and warrantable condominiums. Properties must be residential investment properties. We do not finance owner-occupied primary residences, vacant land, or commercial properties through the fix and flip program. Properties in any condition are eligible, including distressed and bank-owned.

An LLC or corporate entity is required for investment property loans. We close in the name of your LLC or corporation, which also provides liability protection and tax benefits for your investment business. We recommend consulting with an attorney or CPA about entity structure before your first project.

The 70% rule is a common guideline used by fix and flip investors to evaluate deal profitability. It states that your maximum purchase price plus renovation costs should not exceed 70% of the property's after-repair value (ARV). For example, if the ARV is $400,000, your total investment (purchase plus rehab) should stay below $280,000 to maintain a healthy profit margin after holding costs, closing costs, and selling expenses.

Yes. Extension options are available if your renovation or sale timeline extends beyond the original loan term. Extensions are evaluated on a case-by-case basis and depend on project progress, remaining work, and market conditions. We recommend communicating early if you anticipate needing additional time so we can discuss options before maturity.