Fix and Flips

Fix and flip loans are short-term financing options designed specifically for real estate investors who plan to purchase, renovate, and resell a property for profit. These loans focus more on the property’s value and potential than the borrower’s long-term credit profile, making them ideal for fast-moving deals and rehab projects. If you’re looking to capitalize on real estate investment opportunities without tying up your own capital or going through the hurdles of a conventional mortgage, fix and flip financing could be your best tool.

What Is a Fix and Flip Loan?

Fix and flip loans are structured to provide investors with the upfront cash they need to buy and renovate a property, usually with the intent of selling it within 6 to 12 months. These loans are typically funded by private lenders, not banks, which allows for faster closings and more flexibility when it comes to underwriting.

Unlike traditional mortgages, fix and flip loans are focused on the potential return of the investment. Lenders evaluate the property’s purchase price, the estimated renovation costs, and its projected after-repair value (ARV). Based on this, they provide financing that can cover both the acquisition and a portion of the renovation budget—giving you the leverage you need to move forward quickly.

Lisa Rioux works closely with experienced and first-time investors alike, helping structure fix and flip financing that fits the project’s timeline, scope, and budget. Whether you’re flipping your first home or scaling up your investment business, she’ll guide you through the process with a clear strategy and fast execution.

Why Fix and Flip Loans Are a Smart Choice for Investors

The biggest advantage of fix and flip loans is speed. When you’re competing for distressed properties, off-market deals, or time-sensitive auctions, being able to close in days—not weeks—is a major asset. Traditional lenders often can’t move fast enough, but private fix and flip lenders specialize in fast approvals and quick funding.

Another advantage is flexibility. These loans don’t require perfect credit or long employment histories. Instead, lenders are more interested in the property, your renovation plan, and your exit strategy. If the numbers make sense, and you’ve got a plan to improve and sell the property, a fix and flip loan can get you funded even if conventional financing won’t.

Fix and flip loans also allow you to preserve your own capital. Rather than tying up hundreds of thousands of dollars in cash, you can leverage financing to complete more deals at once, increasing your potential profit and scaling your investment business faster. Lisa helps investors evaluate financing structures that maximize return while managing risk.

How These Loans Are Structured

Fix and flip loans are usually short-term, lasting between 6 to 18 months. During this time, most loans are interest-only, which keeps your monthly payments low while you focus on the renovation. The loan is then paid off when you sell the property or refinance it into a long-term mortgage if you decide to hold it.

Lenders typically fund a portion of the purchase price—often up to 85%—and a portion of the rehab budget—sometimes up to 100%—depending on experience and deal strength. The total loan amount is usually capped at 65% to 75% of the property’s ARV. Renovation funds are released in draws as work is completed and inspected, which helps keep the project on track.

Rates for fix and flip loans are higher than traditional loans, reflecting the increased risk and short-term nature. However, when used strategically, the cost of the loan is just a fraction of the overall return. Lisa helps investors compare costs, calculate potential profit, and structure deals that make the numbers work—before you ever sign on the dotted line.

What Lenders Look For

Fix and flip lenders evaluate several key aspects of a deal: the purchase price, the scope of work, the renovation budget, and the projected resale value. They also want to see that you have a clear timeline, realistic expectations, and a plan to exit the loan—whether through resale or refinance.

Your experience as a real estate investor can be a factor, but it’s not a barrier for first-timers. Many lenders are willing to work with new investors, especially when they’re partnered with an advisor like Lisa who can help package the deal professionally and present it clearly. Having a general contractor, solid rehab estimates, and realistic ARV comps can go a long way toward approval.

Lisa works with you to build a complete, organized loan file that shows lenders you’ve done your homework. From the purchase agreement to the budget and exit strategy, she makes sure your application tells the right story—and gets the attention it deserves.

Fix and Flip Financing for All Property Types

Fix and flip loans can be used for a variety of residential property types, including single-family homes, duplexes, triplexes, and even small multi-unit buildings. Whether you’re flipping a dated home in a suburban neighborhood or rehabbing a foreclosure in an up-and-coming area, financing is available to help you move forward.

These loans are also useful for purchasing homes that need significant work and wouldn’t qualify for traditional financing due to condition issues. If the roof needs replacing, the kitchen is gutted, or the property is missing utilities, banks usually say no—but a fix and flip lender sees potential.

Lisa understands how to navigate these scenarios and can help you find financing even when the property isn’t in livable condition yet. She connects you with lenders who aren’t afraid of a heavy-lift renovation, as long as the deal makes sense and your plan is solid.