Fix & Flip Loans: Capital That Moves at Deal Speed
Flipping is a speed game. The investor who can close in 10 days wins the deal that the 45-day conventional buyer never sees. Fix & flip loans are short-term, asset-based capital built for exactly that: fast acquisition, funded rehab, and a clean exit at sale or refinance.
Typical Terms
- Leverage — up to 85–90% of purchase price plus 100% of rehab budget
- Total loan cap — usually 70–75% of ARV (after-repair value)
- Term — 6–18 months, interest-only
- Speed — close in as little as 7–14 days
- Qualification — asset-based, the deal matters more than your tax returns
What Gets Underwritten
- 1.
The buy
Are you into the deal at a price that leaves margin after purchase, rehab, holding, and selling costs? The classic screen is the 70% rule: all-in at or below 70% of ARV.
- 2.
The scope of work
An itemized rehab budget with realistic numbers; vague scopes kill approvals and slow draws.
- 3.
The exit
Sale comps that support your ARV, or refinance terms if you're keeping it.
- 4.
You
Experience improves leverage and pricing, but first-time flippers get funded every day with a strong deal and a good contractor.
How Rehab Draws Work
Rehab funds are held back and released as work completes — you or your contractor fronts a phase, an inspector verifies, and the draw reimburses. Budget your cash flow around draw timing; it's the #1 surprise for first-time flippers.
Why UpStallion
One flip lender's "great terms" are another's mediocre ones depending on your state, experience, and deal size. We shop your file across our funding lanes, structure the scope so draws run smoothly, and stay on the deal through exit. Riverside County based, with lender programs covering 43 states.
Frequently Asked Questions
Can I get funded with no flip experience?
Yes, expect slightly lower leverage; a licensed GC on your team materially strengthens the file.
What credit score do I need?
Most programs want 620–660+; the asset carries the deal but credit affects pricing.
Do you fund the rehab up front?
No lender does; rehab is reimbursed by draws, so plan working capital for the first phase.
What if the flip runs past the loan term?
Extensions exist but cost money; we build realistic timelines and line up a refi backup before you need it.