Fix & Flip/ Bridge

Fix and flip loans are short-term loans designed for real estate investors who buy properties, renovate them, and resell for a profit—aka, “flip” them.

Key Features:

  • Short term: 6 to 18 months
  • Covers purchase + renovation costs
  • Interest-only payments until the property is sold
  • Often asset-based (based on property value, not borrower’s income)
  • Higher interest rates (typically 8%–15%)
  • May require experience flipping homes or a detailed rehab plan

Bridge Loans

Bridge loans are short-term loans that “bridge the gap” between two financial events—often used to buy a new property before selling the current one, or to provide temporary funding until permanent financing is secured.

Key Features:

  • Short term: 6 to 12 months (sometimes up to 2 years)
  • Can be used for residential or commercial properties
  • Helps cover gaps in timing, not major renovations
  • Based on equity in the current property or expected future financing
  • May have higher interest and fees than traditional loans

Common Uses:

  • Buying a new home before selling your old one
  • Securing a property quickly while arranging long-term financing
  • Real estate developers or investors waiting for permanent financing