Rehab and fix and flip renovation loans
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Short-Term Financing

Rehab & Fix and Flip Loans

Truly Rehab and Fix and Flip Loans allow investors to execute business plans ranging from light renovations to complex property transformations, with financing terms structured to fit their needs.

Rehab & fix and flip financing
Up to 95% of the cost basis
100% of rehab costs financed
Interest-only payments
In-house Construction Management
12-18 month terms

Program Highlights

Loan Amounts$100K - $5M
Loan Terms12-18 Months
Interest TypeFixed, Interest Only
Property TypesSFR, Condo, Townhomes, 2-4, 5-9

Rehab & Fix and Flip Loan Overview

Comprehensive financing for rehab or value-add investment projects.

Loan Terms & Requirements

Loan TypeBusiness Purpose RTL (Non-Owner Occupied)
Eligible Collateral1-4 Units, SFR/PUD, Condo, NW Condo, Townhome, 5-8 Units (exceptions: > 2 acres; Mixed-use)
Lien Position1st position lien secured by a mortgage, deed of trust, or other security instrument
Loan Term12 months - 18 months
Loan PurposePurchase, Delayed Purchase, Rate/Term Refinance, Cash-Out Refinance
Ineligible StatesNV, ND, SD, VT (AK & HI considered on an exception basis)
Interest ChargedFixed rate, Interest Only
Reserve Requirement6 months of interest only payments
Liquidity Requirement10% of the rehab budget + cash to close (equity shortage may be added)
Cost BasisSeasoned Refinance: As-Is Appraised Value + Remaining Budget | Unseasoned Refinance: Lesser of (Purchase Price or As-Is Value) + Remaining Budget
Prepayment PenaltyNot Applicable

Property Type Requirements

1-4 Unit Properties5-8 Unit Properties
Minimum Loan Amount$100K$500K
Maximum Loan Amount$5M$2M (Tier 3 & 4 Ineligible)
Appraisal RequirementFull Appraisal (URAR, 1025, 1073) CDA may be requiredCommercial Narrative CDA may be required

Rehab & Fix and Flip Loan Questions

Are rehab loans and fix and flip loans the same program?

At Truly Investor Capital, rehab loans and fix and flip loans are part of the same renovation financing program. Investors can use this financing to purchase and improve an investment property, whether they plan to sell it after renovations or refinance it for a long-term rental strategy.

What can rehab and house flipping financing cover?

Financing can cover qualifying property acquisition costs and approved renovation expenses, from cosmetic updates to more extensive improvements. Available leverage and terms depend on the property, renovation scope, borrower qualifications, and exit strategy.

What should I prepare when applying for a fix and flip or rehab loan?

Prepare property details, your purchase price, a renovation budget and scope of work, and your plan to sell or refinance the property. Your loan specialist can explain the documentation and program requirements for your project.

Ready to Get Started?

Connect with one of our renovation loan specialists today and get financing for the next rehab project.

Guiding Our Vision

Experienced leaders driving excellence in real estate investment lending.

Your Lending Partners

Working with real estate investors and mortgage brokers nationwide, our lending professionals help structure financing and guide each deal from the first conversation through closing.