Fix and Flip Loans For Real Estate Investors:
90% Purchase, 100% Rehab, Close in as few as 5 business days.
Custom projects. Custom capital.
A fix and flip loan is a short-term, asset-based loan that real estate investors use to purchase and renovate distressed properties for resale. Approval is based on the deal, not the borrower’s personal finances. Loan sizing is capped at 70% of the ARV (after-repair value), with interest-only rates starting at 9.99%. First-time investors welcome.
How a Fix and Flip Loan Works: Step-By-Step
Step 1: You Find the Deal, We Review It. When you submit a free application to Clout Capital, we assess the entire deal, focusing on purchase price, scope of work, and estimated ARV (after-repair value). Clout Capital’s team can issue a written term sheet with rate, LTV, and fee details within as few as 24 hours. No hard credit pull is required at this stage.
Step 2: Appraisal and Scope Review. Clout Capital orders an appraisal to confirm the ARV, and reviews the rehab scope and cost estimates. Clout Capital was founded by investors with direct renovation experience; we catch any problems before the loan closes.
Step 3: Closing. The loan closes under an LLC or corporation. Clout Capital funds up to 90% of the purchase price.
Step 4: Rehab Draws; Up To 100% of Costs Covered. The approved rehab budget is held in a draw account and released as construction milestones are inspected.
Step 5: Exit; Sell or Refinance. Sell the property at ARV and realize profit immediately, or refinance into a long-term loan. Clout Capital can handle DSCR rental loans in-house – no need to find another lender.
Fix and Flip Loan Rates: What Investors Actually Pay
Rates on Clout Capital’s Fix and Flip loans run 9.99% to 12.99%, interest-only for the loan term. Your exact rate depends on your credit score and experience tier. Here’s how experience affects your leverage:
- 0-2 Properties: Up to 80% of the Purchase Price and 100% of Renovation Costs.
- 3-5 Properties: Up to 85% of the Purchase Price and 100% of Renovation Costs.
- 10+ Properties (720+ FICO): Up to 90% of the Purchase Price and 100% of Renovation Costs.
Fix and Flip Loan Requirements: What Investors Actually Need to Qualify
Let’s start with what Clout Capital doesn’t need for a fix and flip loan: proof of income, W2s, or tax returns. We also don’t need prior experience – first-time investors are encouraged to apply.
We need to see:
- A completed loan application
- A 650 FICO score (lower scores considered on a case-by-case basis)
- Corporate Documents
- Scope of Work / Budget
- Appraisal
- Purchase and Sale Agreement
- Previous 60 Days of Assets
- Schedule of Owned Real Estate / Track Record
- Contractor Bio
Clout Capital is an asset-based lender, which means the strength of the deal determines the loan. Your personal finances are your business; the documents listed above give us the information we need to underwrite the best deal possible for our clients.
Fix and Flip Loan Terms at a Glance
Our loan terms aren’t one size fits all – let’s explore how we can tailor our numbers to work for your needs.
| Term | Details |
|---|---|
| Loan Size | $150,000 – $1,600,000 |
| Purchase and Rehab | Up to 90% of purchase price, depending on experience level; up to 100% of rehab costs. |
| Cash-Out LTV | Up to 65% |
| Max ARV | 70% |
| Loan Term | 12 months (four 3-month extensions available) |
| Interest Rate | 9.99% – 12.99% depending on the deal |
| Minimum FICO | 650 (lower scores considered at slightly higher rates and lower LTVs) |
| Processing Fee | Flat $1,999 |
| Bank Attorney Fee | $1,750 – $2,250 |
| Interest Lockout | 3 months minimum |
| Eligible Properties | 1–8 unit residential, condos, townhomes (non-owner occupied) |
| Entity Required | LLC, Corporation, or Partnership |
| Service Area | NY, NJ, CT, PA, MA, RI, VT. Other regions available in consultation with our financing partners. |
| Additional Qualifications | 3 months of cash reserves. No bankruptcy, foreclosure, or derogatory public records in the past 2 years. |
| First-time Investors | Yes |
| Required Documentation | Loan application, track record, 2 months of bank statements, appraisal, contract, scope of work, insurance, ID, entity documents. |
Rates as of May 2026. Subject to change based on credit score, LTV, and property type.
Frequently Asked Questions About Fix and Flip Loans
What is a fix and flip loan?
A fix and flip loan is a short-term loan that funds both the purchase price and the renovation costs of an investment property. The goal is to buy an undervalued asset, add value through renovation, and sell at a profit within the loan term (typically 12 months). Clout Capital’s fix and flip loans cover up to 90% of the purchase price and 100% of renovation costs (not to exceed 70% ARV).
How much do I need to put down on a fix and flip loan?
As little as 10% of the purchase price depending on experience level (10+ properties). First-time investors (0-2 properties) put down 20%, and investors with moderate experience are required put down 15%. The minimum is set by the ARV cap; no loan can exceed 70% of the after repair value.
Can I get a fix and flip loan as first-time investor?
Yes. First-time investors are welcome with a solid scope of work, a clear exit strategy, and a 650 FICO score.
What is ARV and why does it matter?
ARV stands for after repair value, the estimated market value of the property after all planned renovations are complete. ARV matters because Clout Capital’s loans max out at 70% of ARV. For example, on a property with an ARV of $300,000, the maximum loan (purchase and rehab combined) is $210,000.
How does the rehab draw process work?
Renovation funds are not released as a lump sum, but rather in draws: tranches tied to completed renovation milestones. After each milestone renovation project is confirmed as complete with an inspection, Clout Capital releases the draw to reimburse the expense. Interest is typically charged on drawn funds only (known as Non-Dutch interest), as opposed to being charged on the full committed amount of the loan (known as Dutch interest).
What is the interest lockout on a fix and flip loan?
There is a 3-month minimum interest obligation, which is standard in private fix and flip lending. Investors factor the expense into their holding cost calculations.
What are fix and flip loan rates in New York?
Clout Capital’s fix and flip loan rates run from 9.99% to 12.99%, interest-only. Rates are based on credit score, LTV, experience, and the strength of the deal.
How fast can I close on a fix and flip loan?
With proper documentation, Clout Capital can close in as fast as 5 business days.
Who underwrites Clout Capital's loans?
Every deal is personally reviewed by Christopher Clifford, Managing Partner. Chris founded Clout Capital’s sister mortgage bank Cliffco Mortgage Bankers over 35 years ago, and has funded over $500M in real estate loans. Each Clout Capital deal gets his experienced guidance directly. Learn more about the team behind Clout Capital.
Funding, reimagined.
Ready to start your Fix & Flip?
We specialize in private, asset-based bridge loans for 1-8 unit properties. Whether you’re flipping, holding, refinancing, or building from the ground up, Clout Capital provides financial solutions to move your investment forward – without the red tape of traditional lending.
Ready to Start?
261 Lebanon Rd
With the help of Clout Capital’s Fix & Flip loan, these borrowers are on track to more than triple their initial investment. Our clients purchased a $96,000 property in Bridgeton, NJ, with an ARV of $321,000.