Frequently asked questions

A fix-and-flip loan is a short-term, interest-only loan used to buy and renovate a residential investment property that you plan to sell. It typically covers part of the purchase price and all or part of the renovation budget.

Yes. Fast Flip Capital is a national fix-and-flip lender headquartered in East Longmeadow, Massachusetts. You work directly with us from term sheet through closing and draws.

Nothing. Requesting a term sheet is free and doesn't require a property address or a credit pull.

We can close in as little as 7 days. Timing depends on your deal and how quickly we receive documents and third-party reports.

No credit pull is needed to generate a term sheet. When we review credit, we only do a soft credit check, with no hard pull.

No. We make business-purpose loans only, to an LLC or corporation, for non-owner-occupied investment properties.

Loans range from $75,000 to $2,000,000. We can finance up to 90% of the purchase price and up to 100% of the approved rehab budget, with the total loan capped at up to 75% of the after-repair value (ARV). Your actual leverage depends on experience, credit and scope of work.

Yes, for top-tier investors. Borrowers with 10+ completed flips and strong credit can qualify for up to 100% financing of purchase + rehab, with rehab financed up to $200K, subject to ARV limits, credit and deal approval. Our standard program finances up to 90% of the purchase price and up to 100% of the rehab budget.

Our standard term is 12 months, interest-only. Longer terms may be available for certain projects such as additions or conversions, and extension options may be available.

No. You can pay off the loan when you sell without a prepayment penalty.

Generally 660 or higher. Borrowers with fewer than three completed projects typically need 680 or higher. Credit history, background and liquidity are also reviewed. We use a soft credit check only (no hard pull).

Rates start at 8.75% for all fix-and-flip loans, interest-only. Starting rate for qualified borrowers. Final rate depends on experience, credit, leverage and property; subject to underwriting. Your final rate and fees are quoted on your term sheet.

Yes. First-time investors can finance light and moderate rehab projects with budgets up to $100,000, with a 680+ credit score and at leverage up to 70% of ARV.

Verified fix-and-flip or rental investment properties you've owned or completed, generally within the last three years. We verify ownership through public records and may ask for settlement statements or entity documents.

Yes. Licensed real estate agents and licensed general or home-improvement contractors may qualify for improved terms even without prior flips.

Single-family homes, 2–4 unit properties, condominiums, townhomes and PUDs. We don't finance mixed-use, commercial, 5+ unit, co-op, mobile/manufactured, leasehold or vacation-rental properties.

Not always. On eligible loans, you can use our borrower self-inspection valuation option: you take your own photos of the property for the valuation, and no appraiser visit is required. Ask us whether your deal qualifies.

Your approved rehab budget is held back at closing. As work is completed, you request a draw, a third-party inspector verifies the work, and funds are released for the completed items. The borrower pays the inspection cost.

We're a national lender. We finance fix-and-flip projects in most U.S. states and Washington, D.C. We don't currently lend in Alaska, Arizona, California, Hawaii, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah and Vermont.