Fix and flip loans
GPS Capital finances fix-and-flip projects from $500K to $20M, underwritten on up to 70% of after-repair value. We are a direct private lender, in business since 2003 - so the same team that reviews your numbers funds your deal, in as fast as one week. Send the address, the purchase price, the rehab budget and your ARV.
Fix and flip loan terms
Rates 9.99% to 12.99%, 1 to 2 points, loans from $500K to $20M, up to 70% of after-repair value, typically 12-month terms. No minimum credit score. Closes as fast as one week - well-documented deals have funded in 3 to 5 business days.
The loan is structured around the project: purchase price, renovation budget and after-repair value, with the rehab plan built into the deal from day one.
How we underwrite a flip
Four numbers drive a flip approval: what you are paying, what the work costs, what the property will be worth when the work is done, and how you get out - sale or refinance. We review the after-repair value against real comparables, look at the renovation budget line by line, and tell you within 2 hours whether the structure works. No tax returns, no income verification, no minimum credit score.
Built for repeat flippers
Once we have closed a deal with you, the next one moves faster - we already know how you work. Many of our borrowers run multiple projects a year with us, and a track record of clean exits earns better leverage on the next deal.
FAQ
Fix and flip FAQ
What is a fix and flip loan?
A short-term loan that funds the purchase and renovation of an investment property, sized on what the property will be worth after the work - the after-repair value - rather than just the purchase price. GPS Capital lends up to 70% of ARV, typically on 12-month terms.
How much can I borrow for a fix and flip?
GPS Capital lends $500K to $20M on fix-and-flip projects, up to 70% of after-repair value. Send the purchase price, the rehab budget and your ARV estimate and we will come back with exact numbers within 2 hours.
What are fix and flip loan rates?
GPS Capital's rates run 9.99% to 12.99% with 1 to 2 points, typically on 12-month terms. Every deal is priced on its own merits - the property, the leverage, the renovation plan and the exit.
Do I need experience to get a fix and flip loan?
Experience helps your leverage, but first-time flippers are welcome. What matters is the deal: the purchase price, the renovation plan, the after-repair value and the exit.
How fast can a fix and flip loan close?
As fast as one week. Well-documented deals have funded in 3 to 5 business days, and many close without a formal appraisal.
Do you lend on properties in any condition?
Yes. Distressed, gut-renovation and contractor-special properties are exactly what fix-and-flip financing is for - we underwrite the after-repair value, not the current condition.
Have a deal? Get a response within 2 hours.
No obligation. If we can’t fund it, we’ll tell you straight.
Or call us now: 718-247-8863 Deals@gpscapllc.com