Fix and Flip Loan: Investor Renovates and Sells in Just 5 Months
- By Jim Blackburn
- on
Client Profile
- Name: Denise L.
- Age: 48
- Profession: Licensed Realtor & Investor
- Location: Raleigh, NC
- Property Type: 3-bed distressed single-family
- Purchase Price: $179,000
- Renovation Budget: $63,000
- ARV: $315,000
- Loan Type: Fix & Flip Hard Money Loan
- Down Payment: 15%
- Credit Score: 685
The Challenge
Denise found an off-market property in a rapidly appreciating zip code, but it needed a full cosmetic rehab: kitchen, roof, HVAC, and flooring. The seller needed a 15-day close, and no bank could meet the timeline.
She needed fast funding and flexibility—and didn’t want to use her own capital upfront.
The Strategy
We secured Denise a 12-month interest-only Fix and Flip Loan, structured as follows:
- Funded 85% of purchase price and 100% of reno
- Closed in 10 business days
- No income verification, no tax returns
- Rehab draws released in 3 stages
- Exit plan approved upfront for resale or DSCR refi
The Outcome
- Project completed in 92 days
- Listed for $325K, sold for $317K
- Gross profit: $47K (after loan payoff + realtor fees)
- Rolled profits into next two projects and pre-approved for a flip line of credit
Quote from Denise:
“This loan gave me the leverage to move quickly, finish strong, and walk away with nearly $50K profit. I wouldn’t flip without it.”
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