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Process
Program Highlights
Fix And Flip Application

Fix And Flip Financing

The real estate market is buzzing, and investors across America are seeing some amazing returns on turning their capital investment into fix and flip projects. To capitalize on this, they need quick and flexible financing. LendSure’s Fix and Flip financing makes it easy for your clients to buy, renovate, and sell properties fast.

We offer up to 85% of the purchase cost and up to 100% for construction, depending on their experience.

It’s all about giving your clients the financial edge they need to turn opportunities into profits.

Apply Now!

LendSure’s Fix And Flip Loan Process

Application

Our simplified application process is significantly shorter than the standard Uniform Residential Loan Application (URLA).

Term Sheet

Investors receive a term sheet quickly, without needing a loan estimate or disclosures, bypassing the typical requirements of the TILA-RESPA Integrated Disclosure (TRID) rule.

Signed Term Sheet and Documentation

After reviewing, the investor returns the signed term sheet along with any required documentation to move forward.

Underwriting

The account manager forwards the application to underwriting, where an underwriter prepares a conditional loan approval based on the provided documents.

Clear to Close

Once all conditions are satisfied, the account manager coordinates to obtain a clear to close, signaling that the loan is approved and ready for funding.

Funding

Funds are reimbursed based on a third-party inspection of work completed.

Curious About Our Fix And Flip Draw Process?

Let’s Break It Down.

Staged Disbursements

The construction loan is dispersed in stages, correlating with significant milestones in the renovation process to ensure funds are used efficiently and for their intended purpose.

Draw Requests

When a stage of construction is completed, the client submits a draw request to us, including documentation of the work completed, such as inspections and paid invoices.

Review and Approval

We review each draw request, verifying the completion of work through required documentation, including title rundowns and additional inspections. This ensures the project progresses as planned.

Reimbursement

Upon approval of the draw request, the client is reimbursed for the completed work.

Now’s the time to get started.

Fix and Flip Application

Program Highlights

  • Decisions and term sheets are issued in hours, not days
  • Any level of investor experience
  • Credit scores as low as 660
  • Non-owner occupied Single Family,
    Multi Family up to 4 units property types
  • Purchase Loan Amount – up to 85% of Cost,
    depending on investor experience
  • Construction Loan Amount – up to 100% of Cost,
    depending on investor experience
  • Total loan amount is up to 85% of the total cost
    (maximum after repair value LTV 70%)
  • 12-month loan term with Interest Only payments

Expand Your Loan Offering Toolbox With Fix And Flip Financing

By offering Fix and Flip loans, you can serve a wide range of borrowers—from first-time flippers just getting started to seasoned investors looking to grow their fix and flip businesses.

This strategic move can bring in more clients and build a steady list of repeat borrowers down the road.

Have a question? We have the answers.

Which states do you lend in?

Our Fix and Flip loans are available nationwide, covering all 50 states.

Do you have to be an experienced investor to qualify?

No, any level of experience can qualify for our Fix and Flip financing. That’s right; you can provide Fix and Flip loans for beginners… However, seasoned flippers may qualify for more favorable terms.

What are the loan terms?

Our Fix and Flip loans offer a flexible 12-month term with Interest-Only payments, designed to support your clients’ real estate investment needs.

What property types can investors get financed?

We provide financing for a variety of property types, including single-family residences, 1-4 unit multifamily properties, condos, townhomes, and PUDs (planned unit developments).

What are the different types of fix and flip investors?

There are many types of fix and flip investors. Contractor-turned-investors use their renovation skills, while strategic investors plan meticulously and follow market trends. Team players collaborate with industry pros, and serial flippers juggle multiple projects. Offering loans tailored to each type helps them maximize profits.

Where can I find referral sources for fix and flip loans?

Referral sources for fix and flip loans include real estate investment clubs, where active market participants gather; real estate meetup groups that foster networking; home flipping conferences and seminars that attract flippers and investors; and online forums and social media groups on LinkedIn and Facebook, offering opportunities to connect with potential referrers.

What is LendSure’s fix and flip underwriting process?

Our fix and flip underwriting process begins by running credit and background reports, pending agreement on terms. We collect the purchase contract and improvement scope of work (SOW), then order an appraisal. Transaction details are sent to the title/escrow company. Borrowing entity information, such as formation documents, EIN, operating agreement, and more, is reviewed. Then, we verify borrower assets, collect property/liability insurance, and confirm the client’s experience.

Why partner with LendSure as a fix and flip lender?

When you choose LendSure as your fix and flip lender, you benefit from flexible, common-sense decisions, expert help from experienced account executives, a smooth prequalification process, regional teams that expedite the funding process, and great communication between brokers and underwriters. Better yet? Decisions and term sheets are issued in hours, not days, giving your borrowers the opportunity to close FAST.

Still searching for answers?

Connect with an Account Executive today!

Love A Good Before And After? So Do We.

Empower Investors with Fix and Flip Financing.
Get the ball rolling and submit your Fix and Flip application!

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Contact Us: (888) 707-7811