If you have big dreams for big properties, we can help finance your vision[7].
We work within your commercial and personal approvals.
All About Our Fix & Flip Loans
- No experience necessary[11]
- No-fee alternative valuation option now available (for eligible properties[18])
- Extensive rehab financing available (budgets greater than 50% of total costs)[8]
- Individual and business approval for exposure limits up to $10MM with individual property loan amounts from $300K to $10MM[12]
- Financing for up 100% of renovation costs, 95% LTC max [16], and 75% ARV LTV max
- Optional interest reserves
- Other costs included (contractor’s fees, contingency fees, permits, surveys, etc.)
Fix & Flip Loans
| LOAN PURPOSE | Rehabilitation loan for residential rental property |
| INTEREST RATE[4] | As low as 8.99% |
| LOAN AMOUNT | $300K-$10MM |
| LOAN TERM | 6 to 18 months |
| BORROWER | Individual or group |
| EXPEREINCE | No experience needed |
| MAX LOAN-TO-VALUE (LTV)[4] | 70 to 75% after repair value[8] |
| MAX LOAN-TO-COST (LTC)[5] | Standard rehab 95%[16] or extensive rehab 85%[8] |
| LTV VS. LTC | We use the best calculation for your project |
| CONSTRUCTION FINANCING | Up to 100% of rehab costs |
| PROPERTY TYPE |
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How a Fix & Flip Loan
Can Work for You
- Flip multiple properties with the same loan.
- Rehabilitate larger, complex properties.
- We will thoughtfully advise and lead you through the entire process, answering all the questions you have along the way.
Find out what Penstock can do for you
Use our fix & flip loan calculator to get an instant quote on a loan that’s tailored to your needs
