Fix and Flip Financing FAQs
What type of properties are eligible for Fix and Flip loans offered by LendingOne?
The following property types are eligible for our fix and flip loans:
- Single Family Residence (SFR)
- 2-4 Unit Properties
What type of fix-and-flip loan rates are offered by LendingOne?
LendingOne offers fix-and-flip loan rates between 7.49%-12.9%. All rates are based on the individual property and borrower. Call us to learn more.
What is the minimum and maximum loan amounts for fix and flip loans offered by LendingOne?
LendingOne fix-and-flip loans have a minimum loan amount of $75K* and a maximum loan amount up to $4M (Exceptions Granted).
Do you lend on construction or repairs?
Yes, LendingOne specializes in providing fix/flip loans that include both the purchase and repair costs as part of one loan.
What states does LendingOne offer its fix-and-flip loan products?
LendingOne provides lending in all States and District of Columbia except Alaska, Arizona, Hawaii, Nevada, North Dakota, Oregon, South Dakota, Utah, and Vermont.
What is the minimum FICO score for LendingOne's fix-and-flip loans?
LendingOne’s fix-and-flip loan FICO score minimum is 600.
What type of documentation is required for LendingOne's fix-and-flip loans?
We look at things very differently than a bank and rely mostly on your real estate experience and other common sense factors when making decisions.
LendingOne will ask for the following documents for Fix and Flip Loans.
- Sales Contract
- Construction Budget
- Two months bank statements
- A list of properties you currently own (an REO Schedule)
- Two years of tax returns
- LLC Operating Agreement or Articles of Corporations
Do you lend to Companies or LLC's?
Yes, we only lend to real estate companies. Our fix-and-flip loans are available to the following borrowers:
- Limited Partnerships, General Partnerships
Do you lend to people from my Country?
Our fix-and-flip loans are available to the following borrowers:
- U.S. Citizens
- Canadian Citizens
- Permanent Resident Aliens
Can I receive financing for a residence that I'm looking to live in?
No. LendingOne provides commercial only loans that are non-owner occupied (investment) properties.
Is there a prepayment penalty?
No, there is no prepayment penalty on our 12-month fix-and-flip loans.
Fix And Flip Loans
Rates as low as 7.49%*
Apply now, receive financing within two weeks, and close fast.
Get an instant rate in 2 minutes or less! If you are an investor who is looking to buy discounted properties, fix them up, and sell/flip them within 12 months, then consider our fix-and-flip loans for the capital you need. With attractive rates and up to 90% Purchase & Rehab Costs, these loans are a great way to start expanding your real estate projects. LendingOne fix-and-flip loans begin at $75K* and go up to $4 million.
Fast Financing For a Fast-Paced Market
LendingOne fix-and-flip loans can provide the cash you need to grow your real estate portfolio. Benefits include:
- Get cash from rehab projects – loans from $75K* to $4 million
- No hurdles – flexible loan options designed to meet your strategic needs
Advantages of LendingOne Fix and Flip Loans:
- Up to 90% of Purchase & Rehab Costs
- Fix-and-flip financing up to 12 months
- 600 min. FICO
- No hurdles- a very user-friendly and streamlined process
- No pre-payment penalty
*loans as low as $50k for qualified investors