Up to 90% LTC

Fix & Flip Loans

Close fast. Fund the rehab. Maximize your ROI.

Loan Highlights

Loan Amount$75,000 – $5,000,000

Max LTCUp to 90% purchase + 100% reno

Interest RateStarting at 9.99% (I/O)

Term12 – 24 months

Close TimeAs few as 5 business days

Pre-paymentNo penalty

Property TypesSFR, 2–4 unit, condo, townhome

What is a Fix & Flip Loan?

A fix-and-flip loan is a short-term bridge loan designed specifically for real estate investors who purchase distressed or undervalued properties, renovate them, and sell for a profit. Unlike conventional mortgages, fix-and-flip loans close quickly, carry interest-only payments during the renovation period, and are underwritten primarily on the property’s potential value — not the borrower’s personal income.

The NextRes fix-and-flip product covers both the acquisition cost and the renovation budget in a single loan. This means you don’t need to bring separate financing for the construction phase — we fund it all. Renovation funds are held in a disbursement account and released in draws as work is completed and verified, ensuring you never have to front large sums out of pocket.

Loan terms run 12 to 24 months, giving you flexibility for complex projects. During the loan term, you make interest-only payments on the outstanding balance — including any renovation draws that have been disbursed. When the property sells, the loan is paid off at closing. For investors who prefer to refinance into a long-term rental loan after the renovation, our DSCR rental product offers a seamless transition.

Why Investors Choose NextRes for Fix & Flip

Close in 5 days

No waiting weeks for a bank committee. Our in-house team underwrites and funds fast when documentation is in order.

100% renovation financing

We fund the full scope of your rehab budget — not just the purchase. Draw against your renovation budget as work progresses.

No income documentation

We underwrite the deal, not your W-2 or tax returns. If the numbers make sense for the property, we can lend.

Draw process in 48 hours

Submit a draw request with inspection photos and receive funds within 48 business hours. No lengthy bureaucracy.

Repeat borrower discounts

Every subsequent deal with NextRes earns better pricing. We reward loyalty with lower rates and streamlined approvals.

Eligible Properties

Single-family residences (SFR) — non-owner occupied
2-, 3-, and 4-unit multifamily (duplex, triplex, quadplex)
Condominiums and townhomes — warrantable and non-warrantable
Properties requiring light to heavy renovation
Properties in most US markets (lending in 47 states)
Non-owner occupied only — no primary residences

How the Draw Process Works

Renovation funds are disbursed in draws as work is completed — not all upfront. This protects both the borrower and the lender, and ensures funds are available precisely when needed throughout the project.

Submit Draw Request

After completing a phase of renovation, your contractor submits photos and a draw request through your online portal. No lengthy paperwork.

Inspection & Verification

Our third-party inspector or our internal team reviews the completed work and verifies it matches the approved scope. Remote inspections accepted for smaller draws.

Approval Within 48 Hours

Once verified, draw funds are approved within 48 business hours. Approved draws are wired directly to your account or your contractor.

Continue Renovation

Keep building. Repeat the draw process at each phase milestone — framing, rough-in, drywall, finishes, certificate of occupancy.

Fix & Flip Loan FAQs

What is the maximum LTC on a fix-and-flip loan?

NextRes lends up to 90% of the total purchase price and up to 100% of verified renovation costs. The combined loan-to-cost (LTC) — purchase + renovation — is generally capped at 75% of the after-repair value (ARV). For example, if an ARV is $400,000, we can lend up to $300,000 total against purchase and renovation costs.

Do I need to use a licensed contractor for renovations?

For draws above $50,000 in renovation costs, we typically require a licensed general contractor. For smaller scope projects, owner-managed renovations with qualified subcontractors may be acceptable. Speak with your loan officer about your specific project scope during the application process.

What is the minimum credit score required?

We require a minimum FICO score of 620 for fix-and-flip loans. However, credit is just one factor in our underwriting. We focus primarily on the quality of the deal — the purchase price, renovation budget, ARV, your exit strategy, and your experience level as an investor.

Can I use a fix-and-flip loan to purchase a property at auction?

Yes. Our bridge and fix-and-flip products are well-suited for auction purchases including tax lien sales, foreclosure auctions, and REO sales. We can pre-approve you for a loan amount range so you know your buying power before you bid. Same-day close is available for qualified repeat borrowers.

What happens if the renovation takes longer than expected?

We offer loan extensions for fix-and-flip loans. If your project timeline extends beyond the initial term, you can request a 3 or 6-month extension (subject to an extension fee and re-underwriting). We'd rather extend your loan than see a good project fail for timing reasons — contact your loan officer as soon as you anticipate a delay.

★★★★★

“NextRes's high-interest real estate loans gave me true passive income, with complete control and no pressure to invest. It's seamless and easy.”

John S.

NextRes investor

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Real investors. Real results.

★★★★★

“NextRes closed my fix-and-flip in 4 business days when my bank couldn't even return a call. We've done 11 deals with them since. They're the first call I make.”

★★★★★

“DSCR loans through NextRes allowed me to scale from 3 to 22 units in 18 months. No W-2 verification, no hassle. They look at what the property earns, period.”

★★★★★

“Their construction loan process is the most straightforward in the industry. Draw requests processed within 48 hours. I won't build a spec home without them.”

★★★★★

“My Airbnb portfolio went from 2 to 9 properties in one year thanks to NextRes DSCR loans. No income docs, no drama — just capital when I needed it.”

★★★★★

“I needed bridge financing in 6 days to close a deal before I lost it. NextRes delivered. That property netted me $190K. They literally saved the deal.”

★★★★★

“Refinanced a 12-unit with NextRes in under three weeks. The rate was better than anything my broker found at a bank, and the process was completely painless.”

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