Renovation
Fix & Flip Loans
Fix and flip loans are short-term financing options designed specifically for real estate investors who want to buy a property (often distressed, undervalued, or in need of repairs), renovate or “fix” it, and then quickly sell or “flip” it for a profit.
These loans differ from traditional mortgages or home loans because they’re built for investment purposes rather than long-term ownership.
Reasons to choose a Fix and Flip loan
With our fix and flips loans you get decisions on your deal quickly. Typically, one business day. We can finance single family and multi-family, up to 4 units. We welcome any level of experience with our fix and flip loans.
Fix and Flip loan guidelines
To qualify for a fix and flip loan, you will need:
Apply for a Fix and Flip loan
Finance single-Family and multi-family up to 4 units
Yes! We welcome any level of investor with our fix and flip loans.
We have fast turn times. You can get a decision and a term sheet within one business day.
(1) Fill out the fix and flip loan application
(2) Term sheet is issued
(3) Signed term sheet is completed along with additional loan docs
(4) Your Scout Advisors loan expert works with the lender on conditions and the appraisal
(5) Loan conditions are cleared. Clear to close is issued
(6) Your loan funds
Draws are disbursed in stages as renovations are completed. You will submit a draw request, which includes the construction progress inspection, you submit copies of paid invoices, title is reviewed for liens, you receive a disbursement based on the completed work
Yes. If you wish to keep the property as a fix and hold you can cash out with a DSCR or conventional loan.
