THE OVERVIEW
How this option works
Fix-and-flip financing is a specialty form of real-estate investment financing. It may involve a short term, project-based underwriting, renovation funds, and a planned sale or refinance as the exit strategy.
Terms, costs, draw schedules, borrower experience requirements, and property rules vary widely by lender. These products are not the same as a standard owner-occupied home mortgage, and investors should model costs and delays before proceeding.