More options for
today’s house flippers.
Fast Turn Times
Get decisions and term sheets delivered in hours, not days!
More Property Types
Finance single-family and multifamily (up to 4 units!) with our program.
Expanded Borrower Profiles
We welcome any level of investor experience for our loan solution.
Program Highlights
Fix and Flip Loans
- Loan amounts up to $3,000,000
- Minimum FICO Score: 660
- Purchase Loan Amount – up to 85% of Cost
- Construction Loan Amount – up to 100% of Cost
- Total loan amount is up to 85% of the total cost (maximum after repair value Loan-to-Value 70%)
- 12-month loan term with interest-only payments
Have a question?
We have the answers.
Do you need to be an experienced flipper to qualify for the Fix and Flip program?
LendSure's Fix and Flip program is available for any level of flipper experience.
What is the loan process for a Fix and Flip loan?
The LendSure Fix and Flip loan process:
- Fix and Flip Loan Application, which is much shorter than the standard Uniform Residential Loan Application
- Term Sheet Issued
- Signed Term Sheet Returned along with loan documentation
- Account Manager works with the Loan Officer and Investor on conditions and appraisal
- Clear to Close
- Funding
What is the draw process for a Fix and Flip loan?
The Fix and Flip loan funds will be disbursed in stages or draws. The borrower will submit a draw request to LendSure which will include:
- Construction progress inspection
- Copies of paid invoices for completed work
- Title rundowns
The borrower will be reimbursed a certain amount, typically a percentage of the completed work based on the loan/cost ratio.
How fast can I have an approval for a Fix and Flip loan?
LendSure issues decisions and term sheets in hours, not days.
Once a Fix and Flip project is completed, can the borrower convert to a DSCR Investor cash flow loan?
Yes. A borrower can apply for a DSCR Investor cash flow loan if they wish to keep the property.
