House Flipping Loans For Residential Real Estate Investors

We’re a lender for flippers by flippers. 
Fund That Flip specializes in funding 1-4 family fix-and-flip projects. We are here to help you grow your business. We “get it”. We’ve originated more than $200 million on over 800+ properties. If you’re an experienced real estate investor and need reliable capital to grow your business, you’ve come to the right place. Making things easy for you is our priority, and we are here to walk you through every step along the way.

Please note: we require a minimum down payment of 10% of the purchase price, and we do NOT offer loans for owner-occupied home.

Property Geographic Area Details

We lend in 30 states: AL, AR, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NE, NJ, NY, NC, OH, OK, PA, SC, TN, TX, VA, WV

Loan Amounts

$75,000 to $20,000,000

Interest Rates

8.99% to 12.99%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

90.00%

Origination Fees

1% to 2.5%

Loan Terms

3 months to 18 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Single Family Residence

Loan Types

  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Purchase Loan

Max Loan-To-Purchase Price

90.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Crowdfunding
  • Family

Rehab Value Add Loan

*Construction funding up to 100%, subject to total project funding at 90%

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

2

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75.00%

Construction Loan

*Prior experience takes precedence over number of projects completed

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

2

Max LTC for Ground-Up Construction Costs

90.00%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Fastest Closing Time (Days)

2

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Bank Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

600

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

Deposit Required

$500.00 to $7,500.00

Site Visit Fee

$100.00 to $1,000.00

*Fees subject to change based on number of draws - max 2 per month

Legal Fee

Fees which are paid to a third party company

  • Appraisal Fee

Fund That Flip is a dynamic, fast-paced firm focused on raising capital for the short-term residential rehab loan market and online investing for peer-to-peer lenders. With offices in both New York City and Cleveland, Fund That Flip helps restore communities through its network of experienced, dedicated re-developers backed by a diverse base of institutional and individual investors.

We are technology, real estate and financial service professionals on a mission to create new opportunities for investors to take advantage of the positive returns real estate can provide. At the same time, we are helping re-developers access a new source of capital so they can focus on what they do best – finding and rehabilitating homes.

Company Size (Number of Employees)

54

Year Established

2014

Office Locations

Fund That Flip
23 East 10th Street, New York, New York 10010

Primary Capital Source

  • Own Funds
  • Individual Investors
  • Crowdfunding

Alternative Capital Sources

  • Hedge Funds

Loan Structure for Majority of Loans

  • Multiple Investor Fractionalized Note

Percentage of Loans Secured by Residential Property

100%

Total Number of Loans Funded to Date

1317

Total Loan Volume Funded to Date

$370,000,000

2017 Number of Loans Funded

226

2017 Loan Volume Funded

$56,200,000

2018 Number of Loans Funded

475

2018 Loan Volume Funded

$123,000,000

2019 Number of Loans Funded

460

2019 Loan Volume Funded

$150,000,000

Matt Rodak

CEO

Aaron Feldon

SVP, Capital Markets & Investor Relations

Jon Andrews

SVP, Sales and Client Service

Kendall Krawchuk

VP of Marketing

Alex Goodwin

SVP, Finance and Accounting

Chris Draudt

SVP, Operations

Dan Morena

CTO, Co-Founder

Paul McFadyen

Manager, Rental Loans

Before You Contact Us

Our Minimum Loan Amount Is

$75,000

What We Do

  • Residential Investment Properties 1-4 units
  • Rehab & New Construction Loans
  • Lending to Experienced Investors
  • Up to 90% Loan-to-Cost
  • 10%+ Cash Required for Purchase

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Raw Land
  • NO Rural Areas
  • NO Commercial Properties

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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$
$
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(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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$
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how will the loan be paid off?

acres

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acres

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Add links to documents, photos, etc.

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Before You Contact Us

Our Minimum Loan Amount Is

$75,000

What We Do

  • Residential Investment Properties 1-4 units
  • Rehab & New Construction Loans
  • Lending to Experienced Investors
  • Up to 90% Loan-to-Cost
  • 10%+ Cash Required for Purchase

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Raw Land
  • NO Rural Areas
  • NO Commercial Properties