Fix-and-Flip & Bridge Loans for Investors
Fix-and-flip and bridge loans are short-term investor loans for buying a property, renovating it, and then selling or refinancing it.
Speed matters in investing. These loans are built to close fast, fund your renovation in stages, and give you time to finish the project before you sell or refinance into a long-term loan such as a DSCR loan.
Who it’s for
How it works
Loan amounts are based on the purchase price, the renovation budget and the property’s after-repair value (ARV). The purchase is funded at closing, and rehab money is released in draws as work is completed and inspected.
Terms are short, commonly 12 to 24 months, and payments are often interest-only. When the project is done, you sell the property or refinance into a long-term loan.
What you need to qualify
- A clear property plan: purchase price, scope of work and budget
- Investor experience, which helps your terms (first-time flippers may qualify on some programs)
- Cash for down payment, closing costs and reserves
- Credit requirements that vary by program
Documents to have ready
- Purchase contract
- Scope of work and rehab budget
- Track record of past projects, if any
- Bank statements for funds to close
- LLC documents, if applicable
How it works with Amerifi Lending
Frequently asked questions
How fast can a fix-and-flip loan close?
Often much faster than a traditional mortgage, depending on the appraisal and title. Tell us your contract deadline.
How do rehab draws work?
You complete a phase of work, request a draw, and after an inspection confirms the work, those funds are released.
Can I refinance into a rental loan afterward?
Yes. Many investors move into a DSCR loan once the property is rented.
Helpful guides
Related loan options
Ready to see what you qualify for?
Have questions? Call or text us, or start your application online. There is no cost to find out what you qualify for.
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