Simply put, they are loans that professional real estate investors use for both acquisition and rehab.  When the project is complete, the investor sells the property for a profit, hence fix-and-flip.

At your acquisition closing, we help fund your closing and then hold back your rehab budget in a reserve fund.  As you complete repairs to the property, you request draws from your hold back reserve fund.  Once the property is 100% complete, we disburse the balance of your hold back reserve.  That’s how a fix-and-flip loan works.

At Turning Point Lending, we understand the needs of our fix-and-flip borrowers.  That’s because we started our careers as fix-and-flip investors like you.  We know you need expediency, and we know you need reliability.  We understand that from beginning to end, your fix-and-flip project is a juggling act.  Therefore, you need a lender who understands fix-and-flip projects like we do.

On the contrary, a fix-and-flip loan is simply one of your soft or indirect costs associated with your real estate investment.  In the grand scheme of things, a well-managed fix-and-flip project wherein you go through disposition in six months or less should cost you no more than 6% of the loan amount.

We do fix-and-flip loans for 1-4 family properties.  We don’t do fix-and-flip loans for 5+ unit properties, mixed use properties, or commercial properties.

We have numerous programs and terms, and we can structure your fix-and-flip loans in a myriad of ways.  We’re confident that our flexible loan terms will translate into you giving us your fix-and-flip business.

If you’re a fix-and-flip real estate investor we want to be your fix-and-flip lender.  Because we started out as fix-and-flip investors, we truly understand your needs.  We know that your fix-and-flip projects need a team to support them in order to ensure profitability.  You need responsiveness in order to win your fix-and-flip opportunities.  Our accurate valuations and streamlined application process ensure fix-and-flip success.  Lastly, we keep your fix-and-flip projects moving with our super-quick draw fund disbursals.