Flip Mortgage Financing
House flipping financing requires speed, flexibility, and expertise that traditional banks simply can’t provide. At LendCity, we specialize in securing financing for real estate investors who buy, renovate, and sell properties across Canada, the U.S., and Mexico. We understand the challenges—tight timelines, renovation budgets, unexpected costs, and the need for quick closings—because we’ve financed and flipped these properties ourselves. Whether you’re doing your first fix-and-flip or scaling a multi-property flipping business, we know how to structure deals that close fast and preserve your profit margins.
Traditional lenders move too slowly for fix-and-flip investors. By the time a bank approves your loan, the deal is gone. We work with specialized hard money lenders and private capital sources who understand real estate flipping and can close in days, not months. From short-term bridge financing to fund your acquisition and renovations to cash-out refinancing for your BRRRR strategy, we find solutions that match your exit timeline and investment goals. Our cross-border expertise means we can help you flip properties in hot Canadian markets, emerging U.S. neighborhoods, or Mexican resort communities where opportunities are exploding.
You need a financing partner who understands that flipping is about velocity and execution—not someone who’s going to treat your flip like a primary residence purchase. Our team has closed fix-and-flip financing in every scenario: cosmetic rehabs, gut renovations, new construction, and everything in between. We know what lenders want to see, how to present your deal for fast approval, and how to negotiate terms that protect your spread. When you work with LendCity, you’re working with investors who understand that house flipping is about maximizing ROI in minimum time, and we structure financing that supports that model.
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One Stop Shop
Discover the options
At LendCity, we provide the full spectrum of house flipping financing across Canada, the U.S., and Mexico. Whether you’re acquiring your first flip property, funding a complete renovation, using hard money for a quick turnaround, executing a BRRRR strategy, or scaling with portfolio loans across multiple flips, we have the lender relationships and expertise to structure the right solution. From 70-90% LTV acquisition loans to 100% renovation financing for experienced investors, from 30-day bridge loans to long-term refinancing that lets you hold winners, we match your flipping strategy with financing that works—regardless of your experience level or the property’s current condition.
Purchase
Secure fast-closing acquisition loans for fix-and-flip properties across Canada, the U.S., and Mexico. We work with lenders who focus on after-repair value (ARV), not current condition, and can close in as little as 7-10 days when speed is critical.
Renovation
Access construction holdback funds or renovation-specific loans that release capital in draws as work progresses. Fund everything from cosmetic updates to complete gut rehabs with flexible draw schedules tailored to your contractor timeline.
Bridge
Short-term financing (typically 3-12 months) designed to get you into the deal fast and out profitably. Higher rates but maximum flexibility—perfect for flips where you need to close quickly and renovate aggressively.
Hard Money Loans
Asset-based lending that focuses on the property’s value, not your credit score. Ideal for investors with limited financing history or those purchasing distressed properties that won’t qualify for traditional financing.
Fix and Flip
Purpose-built loans designed specifically for buy-renovate-sell strategies. These products combine acquisition and renovation budgets into one loan with interest-only payments and balloon payment at sale.
Cash-Out Refinance
Refinance after renovation to pull equity out while keeping the property as a rental (BRRRR strategy). We help you recycle your capital into the next flip while building a rental portfolio simultaneously.
DSCR Loans
Debt Service Coverage Ratio loans for flippers who want to hold properties as rentals. Qualify based on the property’s rental income, not your personal income—perfect for scaling your rental portfolio.
Portfolio
Consolidate multiple flip properties under one blanket loan to simplify management and potentially unlock better terms. Ideal for experienced flippers managing 3+ simultaneous projects.
Joint Venture
Partner with capital providers who fund 100% of the deal in exchange for profit sharing. Perfect for new flippers with expertise but limited capital, or experienced investors scaling beyond their current funding capacity.
FAQ
What’s the typical down payment for a fix-and-flip loan?
Down payment requirements typically range from 10-30% depending on your experience, the property’s condition, and your exit strategy. First-time flippers often need 20-25% down, while experienced investors with proven track records can sometimes access 90% LTV financing.
How fast can you close on a fix-and-flip loan?
We can close in as little as 7-10 days with hard money lenders when you have a time-sensitive deal. Traditional portfolio lenders typically take 30-45 days. Speed depends on deal complexity, documentation readiness, and lender type.
Do I need real estate flipping experience to qualify?
Not necessarily. First-time flippers can qualify with strong financials, a solid business plan, and conservative ARV projections. Many lenders will finance your first flip if you demonstrate competence and have adequate reserves. We help structure deals to maximize approval odds for new investors.
What interest rates should I expect on flipping loans?
Rates vary widely by loan type and risk profile. Bridge and hard money loans typically run 9-15%, while portfolio loans for experienced flippers might be 7-10%. Higher rates reflect shorter terms and higher risk—but speed and flexibility often justify the cost on profitable flips.
How do lenders calculate how much they’ll loan me?
Most flip lenders use Loan-to-ARV (After Repair Value) or Loan-to-Cost formulas. For example, a 75% LTC loan on a $200K purchase with $50K renovations means you’d get $187,500 ($250K total cost × 75%). ARV-based loans might offer 70% of projected $350K ARV = $245K.
Can I finance both the purchase and renovations in one loan?
Yes. Fix-and-flip loans are specifically designed to fund both acquisition and renovation in one package. The renovation funds are typically held in escrow and released in draws as work is completed and inspected.
What happens if my flip takes longer than expected?
Most flip loans have 6-12 month terms with extension options. If you need more time, lenders typically offer 3-6 month extensions for a fee (usually 1-2 points). We help you build extension options into your initial loan terms when possible.
Do you finance flips in the U.S. and Mexico?
Absolutely. We have specialized lender relationships in both countries and understand the unique requirements for cross-border flipping. Whether you’re a Canadian investor flipping in Arizona or an American flipping in Tulum, we can structure the deal.
What’s the difference between hard money and bridge financing?
The terms are often used interchangeably, but generally hard money refers to asset-based loans from private lenders with minimal credit requirements, while bridge loans can come from institutional lenders with slightly lower rates but stricter qualification criteria. Both are short-term solutions.
Can I get financing if the property needs major structural work?
Yes. We work with lenders who specialize in distressed properties and understand that heavy renovation is part of the flip strategy. However, properties with foundation issues, major structural damage, or code violations require specialized lenders and larger down payments (typically 25-35%).
