Fix & Flip
Short-term financing for the purchase/refinance and renovation of residential investment properties. Finance up to 90% LTC and 75% LTARV, with up to 100% of eligible rehab costs financed within applicable leverage limits.
Fix & Flip Financing Built for Real Estate Investors
Up to 90% LTC
Finance up to 90% of eligible project costs, subject to borrower experience, credit, liquidity and overall leverage limits.
Up to 100% Rehab Financing
Eligible rehab costs may be financed within the approved loan structure, subject to a maximum 75% LTARV.
Fast, In-House Draws
Rehab funds are released through draws as eligible work is completed and verified, helping keep projects moving.
Built for 1–4 Unit Projects
Finance eligible SFRs, townhomes, condos and 2–4 unit residential investment properties.
First-Time Investors Welcome
New investors may qualify. Leverage and structure are determined by credit, liquidity, project scope and the overall strength of the transaction.
Flexible Exit Strategies
Sell after renovation or, once eligible and stabilized, explore a long-term Lendmarq DSCR refinance.
Fix & Flip Program Parameters
Leverage is not a single number. Completed exits in the last 36 months and FICO place you in a tier; the tier sets the advance rate. Pick your credit and experience below to see your tier and what it lends.
Max LTCPurchaseUp to 85%Rate & termUp to 72.5%Cash outUp to 67.5%Loan capMax loan-to-ARV70%
Interest Only
Pay interest only on funds that have been advanced, including rehab funds as they are drawn.
Two Leverage Tests
Loan sizing is subject to both LTC and LTARV limits. The lower resulting loan amount determines maximum proceeds.
12–24 Month Terms
Short-term, interest-only financing with no prepayment penalty, giving you the flexibility to sell or refinance when your project is ready.
Indicative terms only. Final leverage, pricing and eligibility are subject to credit, experience, liquidity, property, project scope, valuation and full underwriting. Business-purpose, non-owner-occupied investment properties only. Prepayment terms are confirmed on the term sheet.
Eligible Properties
Residential investment properties intended for renovation and resale or refinance.
- 1–4 Unit ResidentialSFRs, townhomes, eligible condos and 2–4 unit properties
- Non-Owner OccupiedBusiness-purpose investment properties only
- Fee-Simple OwnershipEligible properties must be held fee simple
- Renovation ProjectsFrom cosmetic improvements to eligible substantial rehab
- Multiple Exit StrategiesRenovate and sell, or stabilize and refinance
Tell Us Early
- Work already underway
- Major structural work or additions
- Rural property or large acreage
- Condo / HOA concerns
- Zoning, title or environmental issues
- Recent bankruptcy, foreclosure or mortgage lates
Fix & Flip Pre-Screen
Send the essentials first. We'll request additional documentation as the loan progresses.
- Property address
- Purchase price or current payoff
- Requested loan amount
- As-is value
- Estimated ARV
- Rehab budget
- Estimated FICO
- Completed investment experience
- Available liquidity
- Exit strategy
- Loan application
- Government-issued ID
- Entity documents
- Bank statements / liquidity verification
- Real estate experience / track record
- Purchase contract or payoff statement
- Detailed line-item rehab budget
- Contractor information, if applicable
- Plans / permits, if applicable
- Additional property documents as requested
Planning to hold the property after renovation?
Once the property is complete, stabilized and eligible, explore long-term Lendmarq DSCR financing as your refinance exit.
Fix & Flip Loan Questions
Can I finance 100% of a Fix & Flip project?
Not typically. Up to 100% of eligible rehab costs may be financed, while the total loan remains subject to applicable LTC and LTARV limits.
Do I need previous Fix & Flip experience?
No. First-time investors may qualify. Experience, FICO, liquidity, project scope and the overall strength of the transaction help determine available leverage and structure.
How much liquidity do I need?
You'll generally need sufficient verified liquidity for your cash-to-close, closing costs, non-financed project costs and required reserves. Requirements vary by borrower and transaction.
How do rehab draws work?
Rehab funds are generally held back at closing and released through draws as eligible work is completed and verified. This allows you to access the approved rehab funds throughout the project.
Is there a prepayment penalty?
No. Lendmarq's short-term Fix & Flip loans have no prepayment penalty, giving you the flexibility to sell or refinance when the project is ready.
How quickly can a Fix & Flip loan close?
Timing depends on the property, valuation, title, insurance and completeness of the file. Straightforward, well-documented transactions can move quickly once required items are received.
What do I need for a quick pre-screen?
Send the property address, purchase price, requested loan amount, as-is value, ARV, rehab budget, FICO, experience, liquidity and exit strategy for an initial review.
What properties are eligible?
Eligible collateral generally includes non-owner-occupied SFRs, townhomes, condos and 2–4 unit residential investment properties. Fee-simple ownership is required.
What types of renovation can be financed?
From cosmetic improvements to eligible substantial rehab. We review the scope, budget, borrower experience, property and completed value to determine the appropriate structure.
Can I keep the property instead of selling?
Yes. Once the renovation is complete and the property is stabilized and eligible, you may explore a long-term Lendmarq DSCR refinance as your exit strategy.
Up to 90% LTC. Up to 100% Rehab.
Tell us the property, purchase price, rehab budget and ARV. We'll review the borrower and project and provide an initial financing scenario.