Multifamily and Commercial Fix and Flip Loans

Fix and Flip Loans for Multifamily and Commercial Property Rehabilitation and Resale

While it may not be appropriate for all real estate investors, those who can successfully 'fix and flip' a commercial property (purchase an aged or distressed property, fix it, and resell it for a higher price) can often reap significant financial rewards. While the fix and flip process can be a challenge, it can also be a rewarding process. However, to begin that process, investors need the right funding. Fortunately, we offer both fix and flop loans for individual properties, as well as fix and flip lines of credit for more aggressive, experienced investors who plan to fix and flip more than one property at once. 

Fix and flip loans typically come in a variety of flavors, including: 

  • Hard money loans

  • Cash-out refinancing (refinancing one property in order to fix and flip another)

  • Home equity lines of credit (HELOCs)

  • Investment property lines of credit (LOCs)

  • Bridge loans

  • Permanent loans (including bank loans)

Keep in mind, while fixing and flipping can be done with properties of any size, certain forms of financing, such as HELOCs, are likely to only support the purchase of single-family homes or smaller, 2-4 unit multifamily properties. 

General Sample Terms For Fix and Flip Loans

Size:  $50,000 to $2.5 million (individual loans), up to $10 million (lines of credit)        

Term:  12 months (extensions are typically available)    

LTV/Leverage:  90% of purchase price, 95% of rehab, 75% LTV/ARV     

Credit Requirement: 620+ 


  • Generous leverage allowances; loans permitted up to 90% of purchase price

  • Loans are typically flexible, allowing extensions if needed

  • Non-recourse options are available


  • Requires relatively good credit to be approved

  • Interest rates are higher than longer term real estate loans

  • Some loans may be recourse, depending on the individual loan agreement

Fix and Flip Hard Money Loans


If you're an investor looking to for a fast source of financing to fix and flip a property, especially if you don't have the greatest credit, a hard money loan could be the perfect "fix." Hard money loans may be more expensive than other types of multifamily financing, but they close faster, often in less than 15 days-- and will accept a much wider variety of borrowers. Typical terms for fix and flip hard money loans are between 12 and 36 months, and they usually have interest rates of between 7 and 12%. Plus, hard money loans can offer generous LTVs of up to 90%, and usually don't have any prepayment penalties.