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Fix and flip lenders: how to pick the right one
The right fix and flip lender can be the difference between a profitable flip and a stalled one. Here is what to compare, and the terms we offer in Houston.
Get my termsHouston hard money lenderWhat fix and flip lenders do
Fix and flip lenders are private and hard money lenders that make short-term loans to buy and renovate a house for resale. They size the loan on the deal: the purchase price, the rehab budget and the after-repair value. Most fund 80% to 90% of the purchase plus some or all of the rehab. We fund 100% of the purchase and 100% of the rehab, up to 70% of ARV, on Houston-area flips, and close in about 5 days.
See your terms in seconds
Your loan amount shows as you type. Send the deal and a loan officer follows up.
Estimate only. Loan amount is the lower of 100% of purchase plus rehab or 70% of the sale price when finished (after-repair value). Minimum loan $150,000. Business-purpose loans on investment property.
What to compare
| Factor | What to ask | With us |
|---|---|---|
| Purchase funded | What % of the price? | 100% |
| Rehab funded | All of it, or part? | 100% |
| Cap | % of ARV | Up to 70% |
| Speed | Days to close | About 5 |
| Minimum | Smallest loan | $150,000 |
| Area | Where they lend | Houston metro |
Fix and flip financing options
- Hard money loan: fast, deal-based, short-term. See what is a hard money loan.
- Private money from individuals: flexible terms, depends on the relationship. See hard money vs private money.
- Bank or HELOC: cheaper but slower, and banks rarely lend on distressed houses.
- Cash: no interest, but ties up your money on one deal.
Red flags
- Upfront fees before you get written terms
- No clear draw process for the rehab
- Terms that change at closing
- A lender who cannot say how fast they close
Where we fit
If your Houston flip works at 100% of purchase and rehab up to 70% of ARV, you bring nothing toward the purchase or rehab. See 100% fix and flip financing and check the deal in the calculator.
Questions investors ask
Straight answers about fix and flip lenders.
What are fix and flip lenders?
Private and hard money lenders that make short-term loans to buy and renovate houses for resale.
How much do fix and flip lenders fund?
Most fund 80% to 90% of purchase plus part or all of the rehab. We fund 100% of both, up to 70% of after-repair value.
How fast can a fix and flip loan close?
Hard money fix and flip loans often close in days. Ours close in about 5 days.
Do you lend outside Houston?
We focus on Houston and nearby cities like Katy, Sugar Land, Pearland, The Woodlands and Cypress.
More from Houston Private Money
Loans, calculators and guides for Houston fix and flip investors.