Can a first time flipper get this loan?

Yes. The experience line on the card reads "First time flippers allowed". The ground-up construction card is the one that requires a track record, at two ground-up projects, because building is a different risk from renovating.

How much of the renovation is financed?

The construction holdback is published at up to 100% of the rehab, alongside up to 85% of the purchase, with the whole loan capped at 75% of the after repair value. The split for a specific project is set on the Letter of Intent.

What does non-Dutch interest mean?

The card publishes "Non-Dutch: interest calculated on drawing balance", so interest accrues on the money actually drawn rather than on the whole commitment from the first day. Rehab money sitting in the holdback is not costing anything yet.

Can the loan cover my monthly payments during the project?

An interest reserve is listed as available on this card, which carries payments inside the loan while the work is under way. Whether a file uses one, and how much, is sized against the project and confirmed on the Letter of Intent.

What if I decide to keep the property instead of selling?

There is no prepayment penalty on this card, so exiting early costs nothing beyond the interest already earned. The usual permanent exit for a held rental is the rental DSCR loan, published at up to 80% LTV on 30 or 40 year fixed terms from 6.50%, which qualifies on the property's cash flow.

Fix & Flip Loans: 85% Purchase, 100% Rehab

FIX & FLIP REHAB FINANCING

Acquire, renovate and sell or hold, with up to 85% of the purchase, 100% of the rehab and 75% of ARV, loans from $250,000 to $10,000,000, terms of 6 to 18 months and rates from 9.99% to 12.00%. Construction is held back and released in draws, and interest is charged on the drawing balance.

9.99% to 12.00% RATES

85% of purchase LTV UP TO

100% of rehab LTC UP TO

FIX & FLIP REHAB FINANCING

Terms

6 to 18 months

LTV Up To

85% of purchase

LTC Up To

100% of rehab

ARV Up To

75%

Loan Amounts

$250,000 to $10,000,000

Rates

9.99% to 12.00%

REQUIREMENTS

Minimum FICO Score:: 620
Property Type:: SFR, Condo/Townhome, 2-4 Units
Documentation:: Application, SREO, Proof of Funds
Experience:: First time flippers allowed

BENEFITS

High LTV/LTC Ratios
No Prepayment Penalties
Up to 85% of the purchase price
Construction holdback: up to 100% of the rehab cost
Quick closing
Minimal documentation required
Non-Dutch: interest calculated on drawing balance
Interest reserve available

A flip has two budgets, the purchase and the work, and lenders who treat them as one number are the reason projects stall. On this card they are separate. The purchase is published at up to 85%, the rehab at up to 100%, held back and released as the work is verified, and the whole loan is capped at 75% of the after repair value.

The interest calculation is the detail experienced flippers read first. The card says "Non-Dutch: interest calculated on drawing balance", which means interest accrues on the money actually drawn rather than on the full commitment from day one. On a project where half the rehab budget is not touched until month four, that is a materially different carry from a Dutch structure, and it is published rather than negotiated.

An interest reserve is available where the project needs its payments carried inside the loan, terms run 6 to 18 months and there is no prepayment penalty, so an early sale costs nothing extra. The documentation line is short: application, SREO and proof of funds. The FICO floor is 620 and, critically, the experience line reads "First time flippers allowed".

WHO THE FIX & FLIP LOAN IS FOR

Flippers at any stage, from a first project to a running pipeline, on residential property. The high leverage is what lets a borrower keep capital in reserve for the work instead of sinking it into the down payment.

Minimum FICO score 620

SFR, Condo/Townhome, 2-4 Units

Documentation: application, SREO, proof of funds

Experience: first time flippers allowed

Loans from $250,000 to $10,000,000, terms of 6 to 18 months

HOW A FIX & FLIP LOAN CLOSES

The four steps, plus the draw schedule that runs after funding: work is completed, inspected and reimbursed from the holdback, and interest keeps accruing only on what has been drawn.

Complete your application

Submit required documentation

Sign your Letter of Intent

We process and close your loan in 5-7 days

BORROWERS, IN THEIR WORDS

I had an excellent experience with Loan Goat during our real estate deal, working as the buyers agent throughout the deal. Their team was professional, responsive, and guided me through every step of the process. Clear communication and...

RAPHAEL ROUFAIL II
The Loan GOAT saved the day! A deal started to go south with a traditional bank despite there being no true issue. Milad having a true understanding of how to get help we are clear to close in 15 business days. Maricruz was the star in this,...

ALEXIS REYES
As a business owner traditional lending doesn't fit my finances, which is why Loan Goat is a godsend. They are able to work with you, understand what you're trying to do and get it done.

NEVENKA MOROZIN
I had an excellent experience with Loan Goat during our real estate deal, working as the buyers agent throughout the deal. Their team was professional, responsive, and guided me through every step of the process. Clear communication and...

RAPHAEL ROUFAIL II
The Loan GOAT saved the day! A deal started to go south with a traditional bank despite there being no true issue. Milad having a true understanding of how to get help we are clear to close in 15 business days. Maricruz was the star in this,...

ALEXIS REYES
As a business owner traditional lending doesn't fit my finances, which is why Loan Goat is a godsend. They are able to work with you, understand what you're trying to do and get it done.

NEVENKA MOROZIN

FIX & FLIP REHAB FINANCING

FIX & FLIP REHAB FINANCING

THE FLIP, FINANCED THE WAY IT IS ACTUALLY RUN

WHO THE FIX & FLIP LOAN IS FOR

HOW A FIX & FLIP LOAN CLOSES

PROPERTY TYPES ON THIS PRODUCT

BORROWERS, IN THEIR WORDS

FIX & FLIP REHAB FINANCING: QUESTIONS

SUBMIT A LOAN REQUEST

FIX & FLIP REHAB FINANCING

FIX & FLIP REHAB FINANCING

THE FLIP, FINANCED THE WAY IT IS ACTUALLY RUN

WHO THE FIX & FLIP LOAN IS FOR

HOW A FIX & FLIP LOAN CLOSES

PROPERTY TYPES ON THIS PRODUCT

BORROWERS, IN THEIR WORDS

FIX & FLIP REHAB FINANCING: QUESTIONS

01 Can a first time flipper get this loan?

02 How much of the renovation is financed?

03 What does non-Dutch interest mean?

04 Can the loan cover my monthly payments during the project?

05 What if I decide to keep the property instead of selling?

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SCENARIOS & PROPERTY TYPES

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