Fix and Flip Loans — Up to 100% LTC

A fix and flip loan is short-term financing used by real estate investors to purchase a property, fund renovations, and repay the loan after resale or refinance. These loans are typically structured around the property’s potential value, project budget, and investor exit strategy rather than only traditional business credit metrics.

LTC means loan-to-cost, which compares the loan amount to the total project cost, including purchase price and eligible renovation expenses. A loan offering up to 100% LTC may finance the full qualified project cost, subject to underwriting, property analysis, borrower profile, renovation scope, and the projected after-repair value.

Fix and flip financing is commonly used for residential investment properties that need repairs, updates, or full renovation before resale. Eligible projects may include single-family homes, small multifamily properties, or similar real estate investments, depending on lender guidelines, property condition, marketability, and the borrower’s planned timeline.

Approval timing depends on the deal structure and documentation, but Franklin Financing Services works with lending relationships designed to move faster than traditional bank channels. For certain financing programs, approvals may be available in 24-48 hours, with funding in as little as 3-7 days after approval.

Common underwriting items include the purchase contract, renovation budget, project timeline, property details, estimated after-repair value, borrower experience, credit profile, and exit strategy. Providing organized documentation upfront helps lenders evaluate the project more efficiently and can improve the speed and clarity of the financing process.

Some programs may consider investors who have poor credit, late payments, or previous bank turndowns, because Franklin Financing Services works beyond one-dimensional bank lending. Approval still depends on the property, project economics, available collateral, repayment strategy, and the specific lender program matched to the borrower.

Loan costs vary by lender, project risk, borrower qualifications, property type, leverage level, and repayment timeline. Fix and flip loans are usually short-term, so investors should evaluate total project costs, interest, fees, renovation draws, holding expenses, and expected resale proceeds before committing to a deal.

Franklin Financing Services supports investors nationwide through relationships with national lenders. Because lending guidelines can vary by state, property type, and loan program, the best next step is to share your project location and funding request so a specialist can identify suitable financing options.