Short-term capital for acquisition and renovation.
Explore business-purpose financing built around buying, renovating and exiting an eligible investment property. Available options are subject to application review, verification, lender guidelines and underwriting approval.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.
Quick program summary
Fix and flip financing is short-term, business-purpose lending that funds the purchase of an investment property and, on many programs, a portion of the renovation budget through scheduled draws.
- Short-term, business-purpose financing for renovation projects
- Purchase funds plus renovation budget on many programs
- Renovation funds are typically released through inspected draws
- Review centers on the project, the property and sponsor experience
- Exit is generally a sale or a refinance into longer-term financing
What is fix & flip loans?
A fix and flip loan is built around a project timeline rather than a 30-year horizon. The lender is underwriting the deal: what you are buying, what you will spend, and what the property should be worth when the work is done.
That is what separates it from a conventional mortgage. Renovation funds are usually held back and released in draws as work is completed and inspected, and the term is measured in months.
Transactions commonly considered include distressed or value-add residential acquisitions, cosmetic and gut renovations, and occasionally small multi-unit repositioning projects.
Before requesting a review, it helps to have a scope of work with a budget, a realistic after-repair value, and a clear exit plan.
Who may want to explore it?
May be worth exploring for a value-add residential acquisition
Could be considered for investors with a defined renovation scope and budget
Options may be available for experienced flippers running multiple projects
May fit auction or off-market purchases that need speed
Could be considered for repositioning a small multi-unit property
What this program may offer.
Many programs fund a portion of the purchase and a portion of the renovation budget.
Renovation dollars are typically released in stages as completed work is verified.
Scope, budget and projected after-repair value are central to the lender's analysis.
Documented prior projects can influence the structures and leverage a lender will consider.
Terms are measured in months, with interest-only payments common during the project.
Sale or refinance into a DSCR or longer-term loan are the typical exits, and both can be planned up front.
Important considerations
- These are business-purpose loans and are not for owner-occupied property.
- Carrying costs continue during the renovation period and should be budgeted.
- Draw inspections and documentation affect the pace of funding.
- Overruns or delays can put pressure on a short loan term.
- Extension terms and fees vary by lender and should be understood before closing.
Options we can review
- Purchase plus renovation financing
- Renovation-only financing on an owned property
- Small multi-unit repositioning projects
- Bridge to a DSCR refinance exit
- Repeat-project facilities for active investors
Three steps, no guesswork.
Define the scope, budget, timeline and exit for the project so the file can be reviewed accurately.
Share the property, budget and exit plan through the Guide to start a fix and flip review.
A licensed mortgage professional matches the project to lenders active in that market and structure.
Frequently asked questions.
Usually not in full. Renovation funds are commonly held and released through draws as work is completed and verified.
Not always, though documented experience can influence leverage and terms. First-time projects may still be considered by some lenders.
Fix and flip terms are short and measured in months rather than years. The specific term depends on the lender and the project.
Most projects exit through a sale or a refinance into longer-term financing such as a DSCR loan.
No. These are business-purpose loans and are not intended for owner-occupied use.
Extension options exist with many lenders, usually with associated terms and fees. It is worth understanding those before closing.
A detailed scope of work with budget, purchase contract and supporting value information are typically requested.
Other paths worth comparing.
Ready to see what fix & flip loans could look like for you?
Start with the UPM Mortgage Guide, then review possible options with a licensed mortgage professional.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.