Investor journal
What Are Fix & Flip Loans?
Understand purchase-and-renovation financing, experience-based LTARV, draw funding and the cash needed beyond the headline loan amount.
Rates as of October 2026. Subject to change — call for today's pricing.
Short-term capital for a renovation and sale
A Fix & Flip loan finances an investment purchase and renovation before the property is sold. Interest-only payments and a shorter term match a project exit rather than a decades-long rental hold.
Two sizing constraints work together
Up to 90% of purchase plus 100% of rehab costs, with no separate rehab dollar cap. The total loan must stay within the borrower’s LTARV limit and the $5,000,000 loan maximum. The indicative LTARV limit is 75% for five or more deals completed in the last 24 months and 70% otherwise. Experience determines the tier, not credit; final leverage is confirmed by underwriting.
Cash and execution still matter
Origination is 3%. Curlee requires property photos and a construction budget instead of an appraisal on Fix & Flip and never pulls hard credit. Include carry, resale costs and reserves; funds for rehab are released in draws rather than assuming every dollar is paid at closing.
Questions to ask before signing
Confirm the approved scope, draw conditions, inspection timing, maturity, extension options and total fees. There is no Fix & Flip prepayment penalty. The written Deal Brief helps review assumptions but is not a guarantee of profit.
Fix & Flip: published program terms
| Term | 1–24 months |
|---|---|
| Rate | 7.5%–10.95%, interest-only |
| Loan-to-cost | Up to 90% LTC |
| Construction costs | 100% of rehab costs — no dollar cap. Subject to LTARV and the $5M maximum loan. |
| Origination fee | 3% origination fee |
| Appraisal | Not required. Property photos and a construction budget instead. |
| LTARV | Up to 75% of ARV for 5+ deals completed in the last 24 months; 70% otherwise. Credit does not determine the tier. Final leverage is set by underwriting. |
| Maximum loan | $5,000,000 |
| Minimum FICO | 660 |
| Minimum asset value | $100,000 |
| Income verification | None |
| Tax returns | Not required |
| Credit pull | Soft credit pull only. We never pull hard credit or affect your score. |
| Interest reserve at closing | None |
| Prepayment penalty | None |
Rates as of October 2026. Subject to change — call for today's pricing.
Full program details
The big platforms qualify properties. We fund investors.
Pre-approval in minutes. No hard credit pull. A real underwriter on the other end.
Pre-approval is an estimate based on the information provided and is not a commitment to lend.