Traditional banks weren’t made for real estate investors, especially when you’re buying undervalued properties that need work. They just don’t have the tools, or the systems in place to evaluate your deal and see the possibilities!
At First Lending Network, we DO see the possibilities, have to tools and ability connect you to the right private lender for your specific project.
A fix and flip loan is short-term financing used to purchase and renovate a property, typically with the intent to sell for profit within 6–12 months.
Unlike traditional mortgages, these loans are asset-based, meaning approval is primarily based on the value of the deal, not just your credit or tax returns. That’s why many mainstream financial institutions don’t understand them.
Fix and flip loans typically cover:
Some programs even allow you to roll in interest costs, freeing up your cash flow during the rehab.
If you’re an investor, cash is your fuel, and you know that OPM (other people’s money) is the foundation of building real estate wealth.
Fix and flip loans let you scale without tying up all your capital in a single project. They also let you move quickly on deals that need fast closing, have title issues, or need creative financing.
We’re not the lender, we’re the matchmaker. And that means your loan terms aren’t limited by one lender’s box.
| Feature | Typical Range / Terms |
|---|---|
| Loan Term | 6–18 Months |
| Interest Rates | 10–13% (interest-only payments) |
| LTV (Purchase) | Up to 85–90% of purchase price |
| LTC (Total Project) | Up to 75–80% of project cost (purchase + rehab) |
| Rehab Funds | 100% of rehab budget, disbursed in draws |
| Exit Strategy | Sell or refinance after renovations |
Note: Actual terms vary by lender, borrower profile, and project type.
That’s not a job for a slow bank or a rigid lender, it’s a fit for a networked approach.
We connect you with lenders who understand your experience level, your timeline, and your need for flexibility. Learn how in our full scenario breakdown.
We’ve built an entire page covering the ins and outs of fix and flip financing, with real scenarios, tips, and program options.
Most investors we work with close in 7 to 14 days. Some lenders offer express closings in as little as 5 business days for returning clients or clear-title deals. The exact speed depends on the property type, paperwork readiness, and whether an appraisal is required.
Not always. Some lenders prefer working with experienced investors, but others are open to first-time flippers, especially if you have a contractor background or strong credit. We’ll help match you with lenders who are open to your profile and risk level.
Yes. Many lenders fund 100% of the renovation budget, as long as the total loan stays within their maximum Loan-to-Cost (LTC) or After Repair Value (ARV) guidelines. Funds are usually released in draws as work is completed.
Both are short-term loans, but bridge loans are often used for transitional financing, like buying a new property before selling the old one, or financing a purchase while waiting on a long-term loan.
Fix and flip loans, on the other hand, are designed specifically for buy-renovate-sell strategies, with rehab budgets, draw schedules, and ARV-based underwriting.
Absolutely. This is a common strategy for investors doing BRRRR (Buy, Rehab, Rent, Refinance, Repeat). Once the property is stabilized and rented, we can help you transition into a DSCR or rental loan with longer terms and no personal income verification.
Most programs are interest-only monthly payments, but some lenders offer the option to roll payments into the loan so you don’t have to make monthly payments during rehab. This can be useful if you’re tight on cash flow or managing multiple projects.
Because no single lender fits every project. Some are great for first-timers, others prefer larger deals. Some move fast but require high cash reserves.
At FLN, we know the quirks, limits, and sweet spots of each lender, and we use that knowledge to get you matched with the one who’s most likely to say yes on terms that actually work for your project.
It’s not just faster, it’s smarter, especially if you’re flipping more than one deal or have specific timing, rehab, or credit considerations.