Loan Programs for Every Need
Say goodbye to one-size-fits-all hard money lending. We’ve designed creative options to better support you on every project.
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New Construction
Get Approved.
Get Funded.
Go Fast.- Property Type: Residential (1-4 Units)
- Rates Starting At: 11%*
- Loan Amount: $75K to $2MM
- Max LTC: 75%*
- Max LTV of ARV: 65%*
- Loan Term: 12, 18, & 24 Months
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Traditional Rehab
Apply for traditional programs but with more competitive rates and faster draw disbursement.
- Property Type: Residential (1-4 Units)
- Rates Starting At: 10.5%*
- Loan Amount: $75K to $2MM
- Max LTC: 90%*
- Max LTV of ARV: 75%*
- Loan Term: 6, 9, & 12 Months
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As-is Bridge
Not all investments require rehabilitation, that’s why we offer this easy to use as-is program.
- Property Type: Residential (1-4 Units)
- Rates Starting At: 10.5%*
- Loan Amount: $75K to $2MM
- Max LTC: 90%*
- Max LTV of ARV: 65%*
- Loan Term: 6, 9, & 12 Months
What are Fix-and-Flip Loans?
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.
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.
How does a Fix-and-Flip Loan Work?
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 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.
I Can Afford to Fund the Entire Project Myself, So Do I Still Need a Fix-and-flip Loan?
In this scenario, you don’t need a fix-and-flip loan, since you have the requisite funds available, but one of the benefits of using a fix-and-flip loan is that it gives you better cash flow and hence better buying power.
In this scenario, you don’t need a fix-and-flip loan, since you have the requisite funds available, but one of the benefits of using a fix-and-flip loan is that it gives you better cash flow and hence better buying power.
Why Using Us for Your Fix-and-Flip Loan Makes the Most Sense?
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.
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.
Are Fix-and-Flip Loans expensive?
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.
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.
How Long Does it Take for My Fix-and-Flip Loan to get approved?
At Turning Point Lending, we can approve your fix-and-flip loan in as much time as it takes your title policy to be approved. Get clear title and get your fix-and-flip loan.
At Turning Point Lending, we can approve your fix-and-flip loan in as much time as it takes your title policy to be approved. Get clear title and get your fix-and-flip loan.
What Type of Properties qualify for Turning Point Lending’s Fix-and-Flip programs?
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 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.
Can’t I Just Go to a Bank for Fix-and-Flip Funding?
Traditional lenders do not do fix-and-flip financing, they don’t understand fix-and-flip projects. Therefore, hard money lenders like Turning Point Lending are your go-to for fix-and-flip financing.
Traditional lenders do not do fix-and-flip financing, they don’t understand fix-and-flip projects. Therefore, hard money lenders like Turning Point Lending are your go-to for fix-and-flip financing.
Are Your Fix-and-Flip Loan Terms Flexible?
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.
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.
Final Words by Loan Experts
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.
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.
