Fix And Flip Loans

Lendai provides international investors with short-term loans for purchasing and renovating U.S. properties, supporting quick sales and refinancing.

Loan Program Details

Max Loan Amount

$5,000,000 (higher amount can be approved)

Max LTC/ARV

Experienced: Lesser of 85% LTC or 70% ARV. Inexperienced: Lesser of 80% LTC or 65% ARV.

Rates

Starting at 9.99%

Term of loan

6-24 months

Payments

Interest Only with balloon at maturity

Prepayment penalty

None

Interest type

Non-Dutch

Origination Fee

2-3%

Underwriting Fee

$1,500

Draw Fee

$350 (for future draws)

Legal

$750 – $1,500

Appraisal Fee

$350-$1500

Property Types

Condominiums, Single-family residences, Townhouse, 2 to 4 units, Multifamily, Other property types case by case

Standard Closing Time

10-15 days

Why Get A Fix And Flip Loan?

Fix-and-flip loans are short-term financial solutions designed for real estate investors. These loans provide the capital needed to purchase and enhance a property, aiming for a profitable sale or refinancing opportunity. Upgrades can vary from minor touch-ups to a full-scale home rebuild. The initial funding is determined by the property's current value and a budget for renovations, which will be allocated through construction installments.

Short-term financing

Access quick funding tailored for time-sensitive real estate opportunities and renovations.

Renovation flexibility

Finance anything from minor touch-ups to full-scale rebuilds with construction draws released as needed.

Fast closing

Typical closing time of 10-15 days helps you secure deals ahead of the competition.

Competitive leverage

Borrow up to 85% LTC or 70% ARV (experienced investors) to maximize ROI on each project.

I'm Interested

How It Works

Contacting us

Fill a short online application

Let's talk

Underwriting

E-closing

We fund your loan

You will receive an email with a link to enter your loan application portal

Frequently Asked Questions

Fix and Flip Loans are specialized financing options designed to support real estate investors who wish to purchase properties, renovate them, and then sell them at a profit, all within a short time frame—typically within a year. These loans are particularly suited for projects that need quick funding to capitalize on market opportunities or where the property condition might not qualify for traditional financing due to disrepair or other issues.

Fix and flip loans can be used for various types of properties including single-family homes, multi-unit properties, condominiums, townhouses and other property types, case by case.

Access to Quick Financing: One of the main advantages is the speed of financing. Fix and Flip Loans can provide foreign investors with quick access to the capital needed to purchase and renovate properties. This is crucial in competitive real estate markets where being able to close a deal quickly can be a significant advantage. Opportunity for High ROI: These loans enable investors to leverage their capital to enter the US real estate market, potentially earning a high return on investment (ROI) through the flipping process. By purchasing underpriced or distressed properties, improving them, and selling them at market value, foreign investors can realize substantial profits. Flexibility in Property Choice: Fix and Flip Loans offer the flexibility to invest in a variety of properties that may not qualify for traditional mortgages due to their condition. This opens up a broader market segment for foreign investors, including distressed properties that can be acquired at lower prices and renovated for substantial gains. Bridging Financing Gaps: For foreign investors facing challenges in securing traditional financing due to lack of US credit history or residency status, Fix and Flip Loans can serve as a valuable financing solution. These loans often rely more on the property’s potential value after renovation rather than the borrower’s credit history, making them more accessible to international investors. Market Entry and Experience: They provide an entry point into the US real estate market for foreign investors, allowing them to build a portfolio and gain market experience. Successfully flipping properties can also help build a track record, potentially easing the path to securing more traditional forms of financing in the future. Network Building: Engaging in fix and flip projects can help foreign investors establish relationships with local real estate agents, contractors, and other investors, which can be invaluable for future investments and navigating the complexities of the US real estate market.

For all eligibility criteria please refer to Fix and Flip Brochure.

Our rates start at 9.99% for standard loans.