Fix & Flip Loans

Short-term capital to buy, renovate, and sell — underwritten on the deal, not on you.

Close in days, not weeks
Rehab costs financed
Underwritten on the deal

Amount: $75K – $2M
Term: 6 – 24 months
Funding time: 7 – 14 days
Rates from: 9% – 13% + points

Typical market ranges, not an offer of credit. Actual terms depend on lender underwriting and your business qualifications.

What it is

How this one works.

Fix and flip financing funds the purchase and renovation of an investment property on a short timeline. Underwriting looks primarily at the property: what you are buying it for, what the rehab costs, and what it will be worth when finished. Because the asset carries the loan, these close in days rather than weeks — which is the entire point when you are competing for a property that will not wait.

Best used for

Buying a distressed property that needs work before it can sell
Competing with cash offers on a timeline a bank cannot meet
Investors running more than one project at a time
Bridging to a conventional refinance once the property is stabilized

The process

What working with us looks like.

Send the deal
Purchase price, rehab scope and budget, and your comps for the after-repair value. The deal is the application.
Value the project
The lender orders or reviews a valuation. Most will lend against a percentage of purchase plus rehab, capped by a percentage of the after-repair value.
Terms and close
Rate, points, term, and draw schedule. Closings commonly land inside two weeks.
Draws as you build
Rehab money is released in stages against completed work rather than handed over up front.

Qualifying

What you generally need.

These are typical thresholds across our lender network, not hard rules. Files that fall short in one area often still place if another is strong — which is exactly the judgment call worth a phone conversation.

Check my eligibility

Experience: First-timers considered; better terms with a track record
Down payment: 10% – 25% of purchase
Credit score: 620+ typical
Documents: Purchase contract, rehab budget, comps

Straight answers

The upside, and the part to think hard about.

Advantages

Speed that competes with cash offers
Rehab budget financed rather than out of pocket
Approval driven by the property rather than your tax returns
No prepayment penalty on most short-term investor loans

Things to consider

Expensive by design — rate plus points, on a short clock
Carrying costs compound every month the project runs long
Draw schedules mean you front each stage of work before reimbursement
If the property does not sell or refinance by term, you need an exit already planned

Questions

Fix & Flip Loans questions.

How much will I need to bring to the table?

Typically ten to twenty-five percent of the purchase price, with the rehab financed. Experience moves that number more than anything else — a track record of completed projects is worth real basis points.

Can I do this on my first flip?

Often yes, at higher cost and with more money down. Lenders price inexperience. The fastest way to improve your terms is to finish one project cleanly and document it.

What happens if it does not sell in time?

Most lenders will extend for a fee, and many of these loans refinance into a rental or bridge product. Plan the exit before you close, not in month ten.

Is this a mortgage?

Not in the consumer sense. These are business-purpose loans on non-owner-occupied investment property, which is a different product under different rules than the loan on your own home.

Other options worth comparing

Commercial Real Estate

Buy, refinance, or bridge commercial property — including the building you already lease.

Compare

Home Mortgages

An introduction to a licensed mortgage lender — and someone in your corner who has no commission riding on the answer.

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Also worth knowing

Klark has spent fifteen years in Treasure Valley real estate.

Before and alongside Sparks Family Finance, Klark has worked as a licensed real estate agent in the Treasure Valley for fifteen years, with Silvercreek Real Estate. That is where the network behind a lot of this comes from — the lenders, the title and escrow people, the appraisers, the contractors who actually turn up. It is also why the fix and flip and commercial property conversations here tend to be shorter than they are elsewhere: the property side is familiar ground rather than something we take on trust.

If you are buying a home, looking at an investment property, or trying to work out whether a particular neighbourhood is the right bet, that is a different conversation from financing and it happens over here:

klarkkentsparks.com — Treasure Valley neighbourhood guides, school catchment research, and listings, from Meridian and Eagle to the Boise Bench.

To be clear about how this works: real estate brokerage is a separate business from Sparks Family Finance, and Klark is compensated for it in the ordinary way any agent is. That is different from the mortgage introductions on this site, for which we are paid nothing. You are never required to use one to get the other, and nobody here will think less of you for using your own agent.

Ready to look at Fix & Flip?

Two minutes to apply, a soft credit pull, and a real answer about whether this is the right instrument for you.

Start my application Call (208) 410-0393