Fix and Flip Loans | Rehab Bridge Financing

Use Cases

What we finance

From light cosmetic refreshes to full gut renovations and multi-property portfolios. Every residential investment strategy has a loan structure to match.

Cosmetic Flips

Light renovation projects focused on paint, flooring, fixtures, landscaping, and curb appeal. These deals move fast with lower rehab budgets and shorter hold times, making them ideal for newer investors building a track record.

Full Gut Renovations

Major rehab projects including kitchen and bathroom remodels, layout changes, roof replacement, electrical and plumbing upgrades. Higher rehab budgets and longer timelines, but significantly more value creation and profit potential.

REO & Auction Acquisitions

Bank-owned properties and auction purchases often require proof of funds and fast cash closings. Bridge financing with a 72-hour close lets you compete with cash buyers while preserving your capital for renovations.

BRRRR Strategy

Buy, Rehab, Rent, Refinance, Repeat. Acquire a distressed property, renovate it, place a tenant, then refinance into a DSCR rental loan. Bridge financing covers the acquisition and rehab phases while you execute the long-term hold plan.

Estate & Probate Acquisitions

Inherited and estate properties often sell below market value but need significant updates. These deals typically require a fast, certain close to satisfy estate timelines and multiple heirs looking for a clean transaction.

Multi-Property Portfolio

Experienced flippers running multiple projects simultaneously can structure a single facility to cover several properties. Streamlined underwriting, one set of loan documents, and consolidated draw management across your active pipeline.

Eligibility

Who qualifies and what you need

Fix and flip loans are for investment properties only, not primary residences. Both first-time flippers and experienced investors can qualify. Here is what we look at and what to bring.

Eligible Property Types

We finance residential investment properties across a range of types and conditions.

Single-family homes (SFR)

2-4 unit residential properties

Townhomes and condos (warrantable)

Properties in any condition (including distressed)

Urban, suburban, and select rural markets

Borrower Requirements

We underwrite the deal first, then the borrower. Experience helps but is not required.

First-time flippers welcome with strong deal economics

Experienced investors (2+ flips) receive better terms and faster approvals

LLC or corporate entity required

No minimum credit score to receive a term sheet

What to Bring

A complete deal package helps us deliver a term sheet within 24 hours.

Property address and purchase price (or estimated value for refis)

Renovation scope of work with line-item budget

After-repair value (ARV) estimate with comparable sales

Entity documents (LLC operating agreement, if applicable)

Brief experience resume (past flips, if any)

Draw Process

How rehab draws work

Your renovation budget is held in escrow and released as work is completed. The process is straightforward: finish the work, request the draw, get paid.

Submit Scope of Work

Include your detailed renovation budget and scope of work with your loan application. Our team reviews the rehab plan alongside the property and sets up draw milestones tied to your project phases.

Complete Work & Request Draw

Finish a renovation phase and submit a draw request through our portal. Upload progress photos and receipts for the completed work. Draw requests can be submitted at any point during the project.

Third-Party Inspection

A licensed inspector verifies that the work has been completed according to the approved scope. Inspections are typically scheduled within 1-2 business days of your draw request.

Funds Released

Once the inspection confirms the work is complete, funds are wired to your account within 2-3 business days. No waiting weeks for reimbursement, no unnecessary holdbacks on approved work.

FAQ

Fix and flip lending FAQ

What is a fix and flip loan?

A fix and flip loan is a short-term bridge loan designed for real estate investors who purchase a property, renovate it, and sell it for a profit. The loan covers both the acquisition cost and the renovation budget. Terms are typically 6 to 18 months with interest-only payments, giving the borrower time to complete the rehab and sell the property.

How much can I borrow for a fix and flip project?

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.

Do I need experience to qualify for a fix and flip loan?

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.

How does the rehab draw process work?

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.

How fast can Requity close on a fix and flip loan?

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.

What types of renovations can I finance with a fix and flip loan?

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.

Can I convert my fix and flip loan into a rental 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.

What is the after-repair value (ARV) and how does it affect my loan?

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.

Does Requity finance fix and flip projects nationwide?

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.

What are the costs of a fix and flip loan?

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.

What property types are eligible for a fix and flip loan?

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.

Do I need an LLC to get a fix and flip loan?

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.

What is the 70% rule in house flipping?

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.

Can I extend my fix and flip loan if the project takes longer than expected?

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.

Residential flip financing

Get your fix and flip quote

Built for flippers who move fast

72-Hour Close Advantage

Simple Rehab Draw Process

Flexible Exit Options