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Fix and Flip Loans

Fast Acquisition and Renovation Financing for Residential Real Estate Investors Nationwide. Have questions about financing? Call the CMAC Financing Assistant 24/7 at (917) 809-6595

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Fix and Flip Financing

Commercial Mortgage Acceptance Corp provides and arranges fix and flip loans for investors who buy, renovate and resell residential properties. A single short-term loan can cover the purchase price and fund renovation costs in draws as the work is completed.

Fix and flip loans are underwritten on the property, the renovation plan and the after-repair value, so investors can move quickly on opportunities that banks are not set up to finance.

Common Borrower Scenarios

  • Distressed and Foreclosure Purchases
  • Auction and Off-Market Deals
  • Cosmetic Renovations
  • Heavy Rehabs and Gut Renovations
  • Additions and Unit Conversions
  • Refinancing a Hard Money Loan to Finish a Project
  • Investors Running Several Projects at Once
  • First-Time Flippers With a Strong Team
  • Buy, Renovate and Hold (Refinance Into DSCR)
  • Time-Sensitive Closings

Program Highlights

  • Loan amounts up to 25 Million
  • Up to 95% of the purchase price
  • Up to 100% of renovation costs funded
  • Up to 75% of after-repair value (ARV)
  • Minimum credit score of 620
  • Terms of 12 to 24 months, interest-only
  • Close in as few as 10 days
  • No tax returns or personal income verification

Why Investors Choose CMAC

  • Founded by Kenneth Rudolph, with real estate financing experience dating back to 1988
  • Direct Lending and an Extensive Capital Network
  • Fast Closings for Competitive Purchases
  • Renovation Funds Released in Draws
  • A Path From Fix and Flip to DSCR Financing
  • One Relationship. Multiple Lending Solutions.
  • Guidance from Initial Review Through Closing
  • Nationwide Investment Property Financing

Let's Discuss Your Fix and Flip Financing Needs

Whether you are buying your first project or running several at once, CMAC can help structure financing that covers your purchase and renovation.

Call the CMAC Financing Assistant 24/7 at (917) 809-6595.

Problems We Solve

  • Need to Close Before Another Buyer?
  • Bank Won't Finance a Property in Poor Condition?
  • Short on Cash for Renovations?
  • Current Lender Too Slow on Draws?
  • Want to Keep the Property as a Rental?
  • Hard Money Loan Coming Due?

Simple Financing Process

Preliminary Financing Review

We review the property, purchase price, renovation budget, projected after-repair value and your experience

Terms and Structure

We structure the loan amount, renovation holdback and term around your project

Underwriting and Valuation

Your file is packaged and submitted, and the valuation is ordered on an as-is and after-repair basis

Closing and Draws

We coordinate through closing, then renovation funds are released in draws as work is completed

Fix and Flip Loan FAQs

A fix and flip loan is short-term financing that funds the purchase and renovation of a residential investment property that the investor plans to sell or refinance after the work is done.

CMAC can arrange financing for up to 95% of the purchase price and up to 100% of renovation costs, with the total loan capped at 75% of the after-repair value. Leverage depends on the property, the project and the borrower's experience.

Renovation funds are typically held back at closing and released in draws as work is completed. Each draw is usually confirmed by an inspection before funds are sent.

After-repair value is the estimated value of the property once the planned renovations are complete. It is based on an appraisal or valuation that considers the renovation scope and comparable sales.

Experience helps and can improve leverage and pricing, but it is not always required. First-time investors can often qualify with a clear renovation budget, a qualified contractor and sufficient cash reserves.

CMAC can arrange fix and flip financing for borrowers with credit scores of 620 or higher. Credit is considered alongside the property, the renovation plan and the borrower's experience.

Fix and flip loans are short-term, commonly 12 to 24 months, with interest-only payments. Extensions may be available if the project takes longer than planned.

Yes. Investors who decide to keep the property as a rental can refinance into a long-term DSCR loan once the renovation is complete and the property is leased. CMAC can arrange both loans, which keeps the process under one relationship.

Let's Structure Your Financing Solution
  • Whether you're buying at auction, renovating a single-family home or managing several projects at once, Commercial Mortgage Acceptance Corp is committed to helping structure fix and flip financing that fits your timeline and your exit strategy.

Commercial Mortgage Acceptance Corp
40 Wall Street, 28th Floor #2868, New York, NY 10005 
212-537-9200

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(212) 537-9200