Fix & Flip Financing Built for Experienced Investors
Core One Capital provides acquisition and renovation financing for real estate investors executing value-add fix-and-flip projects. Our underwriting focuses on the property's after-repair value (ARV), your renovation scope, project budget, and exit strategy—not your personal income or tax returns. We fund experienced operators with proven track records who have clear renovation plans and realistic exit strategies.
Fix & Flip Loan Details
Discover a wide range of real estate services tailored to meet your needs. From property management to investment advisory, we are here to assist you every step of the way.
Loan Structure & Terms
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Loan Amounts: $100,000 - $3,000,000
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Purchase Financing: Up to 90% LTV
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Rehab Financing: Up to 100% of budget
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Maximum Combined: Up to 75% ARV
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Interest Rate: Starting at 8.0% - 12.0%+
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Loan Terms: 12, 18, or 24 months
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Payment Structure: Interest-only on drawn funds
Costs & Closing Process
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Origination Fee: 2-3 points
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Draw Schedule: Every 2-3 weeks
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Closing Timeline: 7-14 business days
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Prepayment Penalty: None
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Extension Options: 6 months available
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Recourse: Non-recourse options available
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Credit Score: Minimum 660 FICO
Is a Fix & Flip Loan Right for Your Project?
A fix & flip loan is ideal if you are:
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Purchasing a Property That Needs Renovation
The property requires moderate to heavy rehab to maximize resale value.
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An Experienced Real Estate Investor
You've completed at least 1-2 successful renovation projects or have a strong contractor partner.
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Want Flexibility During Construction
Interest-only payments and draw-based funding allow you to manage cash flow efficiently during renovation.
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Planning to Resell Within 6-18 Months
You have a clear exit strategy: sell the property or refinance into permanent financing after renovation.
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Need to Finance Both Purchase and Renovation
You want a single loan covering acquisition and rehab costs with minimal cash out-of-pocket.
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Looking to Scale Your Investment Business
Traditional bank loans limit you to 10 financed properties. Fix & flip loans have no property count restrictions, allowing unlimited project velocity.
Properties We Finance
We finance fix-and-flip projects on residential properties in strong resale markets. All properties must be non-owner occupied investment properties with clear comparable sales data to support your after-repair value (ARV).
Fix & Flip Loan FAQs
Q: How is the after-repair value (ARV) determined?
ARV is determined through a full appraisal ordered by us. The appraiser provides a current "as-is" value and an "after-repair" value based on your scope of work and comparable sales in the area. You can also provide a CMA (Comparative Market Analysis) from a licensed agent to support your ARV estimate.
Q: How do rehab draws work?
After closing, you submit draw requests every 2-3 weeks as work is completed. We send an inspector to verify the work matches your approved scope. Once approved, funds are wired to you within 48 hours. Typical draw schedule: 10-20% upfront, then 4-6 draws over the project timeline.
Q: What if my project takes longer than expected?
We offer 6-month loan extensions for a fee of 1-2 points (negotiable based on circumstances). You'll need to demonstrate progress on the project and continued ability to complete it.
Q: Can I do the renovation work myself?
Yes, if you have documented construction experience. Most borrowers hire licensed contractors. If you're doing the work yourself, we'll need proof of your construction background and may require additional inspections.
Q: What's included in "rehab costs"?
Eligible rehab costs include: materials, labor, permits, contractor fees, and project management. Not included: luxury upgrades beyond market standards, personal labor costs (if you're doing the work), or landscaping exceeding 10% of total budget.
Q: Do I need to have all the cash for the down payment upfront?
Yes. You must have verified funds for your down payment (10-15% of purchase price) plus closing costs and required reserves before we issue a term sheet.
Q: What credit score do I need?
Minimum 660 FICO for experienced flippers. First-time flippers typically need 680+. Scores below 660 considered on a case-by-case basis with significant compensating factors.
Q: Are there prepayment penalties?
No. You can pay off the loan at any time once the property is sold or refinanced with no penalty.
Q: What's the difference between a fix & flip loan and a bridge loan?
A bridge loan is for properties needing minimal work ($0-$25K) with faster closing (5-7 days). A fix & flip loan finances both purchase and significant renovation ($25K+) with draws released during construction. If you're unsure which fits your project, contact us for guidance.
Q: Can I use a fix & flip loan to refinance a property I already own?
Generally no. Fix & flip loans are designed for acquisition + renovation. If you already own the property and need renovation financing, consider a cash-out refinance or contact us to discuss options.
Q: Do you lend in my state?
We lend in 45+ states. Contact us to confirm availability in your area.
Q: What are typical interest rates for fix & flip loans?
Rates range from 8.0% to 12.0% depending on your experience, loan-to-cost ratio, and project complexity. More experienced investors with conservative LTC ratios receive the best rates (8-9%). First-time or higher-risk projects typically see rates in the 10-12% range.
Q: How much cash do I need to bring to closing?
Expect to bring 10-15% down payment plus 2-4% in closing costs (appraisal, title, origination fees) plus 6-12 months of reserves. For a $225K purchase, total cash needed is typically $35,000-$45,000.
Q: What happens if the property doesn't appraise at my estimated ARV?
If the appraisal comes in lower than expected, we'll adjust the loan amount based on the appraised ARV. You may need to bring additional cash to closing or reduce your renovation scope to stay within loan limits (75% of ARV).
Q: Can I finance multiple properties at the same time?
Yes. We have no limit on the number of financed properties. You can run multiple fix-and-flip projects simultaneously as long as you have sufficient reserves and demonstrated ability to manage concurrent renovations.
Still have questions? Contact us or call +1 (929) 493-4289 to speak with a Fix & Flip Loan Specialist.
