Fix and Flip Loans
Up to 90% of Purchase, 100% of Rehab

First flip or fortieth, on a duplex or a 20-unit. Tell us about the property and what you plan to do to it. Pre-approval comes back in 24 to 48 hours, and we can close in as few as 5 to 10 days.

One Lender For All Your Deals

Funded

$10B+

funded across 44 states.

What we finance

Loan programs

Fix and Flip, Bridge, DSCR, Ground-Up Construction

Loan types

Purchase, Rate & Term Refinance, Cash-Out Refinance

Property types

Single family (1 to 4 units), townhomes, condos, PUDs, ADUs, multifamily (5 to 30 units), mixed use, rental portfolios, multi-lot development

Your contact

A dedicated Relationship Manager

One person who knows your file, from term sheet to payoff.

Fix and flip loans, structured around your deal.

Up to

90% / 100%

Of Purchase Price / Rehab costs

Our process

Four stages, from the address you send us to the day the loan pays off. Each one is measured in days, because on a flip the calendar is what costs you money.

01

Send the deal

The address, the scope, and what you think it is worth finished. We look at the comps that support that number, the exit you are planning and the projects you have already done. Not your tax returns.

02

Close in 5 to 10 days

On a complete file. Credit sits in the same building as your Relationship Manager, which is why an unusual deal gets a real answer instead of a form rejection.

03

Draw against completed work

Renovation money is released as work is finished and inspected, so funding lands on the schedule the job is actually running on. The rehab budget is a holdback rather than cash at closing, so plan the float you need between draws.

04

Take any of three exits

Sell it and pay off at closing. Rent it and refinance into a 30-year DSCR loan with no points. Or take more time on a Conventus bridge loan. Whichever you pick, the financing does not change hands.

The Scope Decides the Structure

A paint-and-carpet turn and a down-to-the-studs rebuild price similarly on a rate sheet and behave like different loans in practice. The difference shows up in the draw schedule, in what the appraisal has to value, and in how much of your own cash is out at any one time.

Cosmetic Rehab

Carpet, paint, fixtures, nothing behind the walls. Rehab is a small share of the total cost, so most of the money moves at closing and the draw schedule stays short. We cover up to 90% of the purchase and 100% of the rehab.

Moderate Rehab

Kitchens, baths, wiring and HVAC. The shell stays and everything inside it changes. More of the loan sits behind inspection milestones now, so when your draws land matters more than the rate does. 

Heavy Rehab

Walls come out, square footage goes on. The appraisal has to value a building that does not exist yet, and the draws follow trades that gate each other. 

Decided to rent it? Refinance into a 30-year DSCR loan without starting over.

If you are running a fix and flip through to a rental, the refinance does not have to begin from scratch. We financed the rehab, so there is no second lender underwriting you again and no wait on a rental history. The property can be vacant or occupied when you start.

Program highlights

As low as

0 pts / 6.00%

On your DSCR refinance from a
Conventus fix and flip loan

No points on the DSCR refinance from any Conventus fix and flip loan

No second lender and no new underwriting of you

Taken vacant or occupied, so there is no wait on a rental history

30-year fixed term on the rental loan

Up to 80% on a rate and term refinance, up to 75% cash out

Frequently Asked Questions About Fix and Flip Loans

Quick answers to questions you may have.

What is a fix and flip loan?

A fix and flip loan is short-term, asset-based financing used to purchase and renovate an investment property. It is built around the property’s after-repair value and is repaid when you sell or refinance into longer-term financing.

Conventus funds up to 90% of the purchase at closing and up to 100% of the rehab through a draw schedule, with renovation dollars released as each stage of work is finished. You make interest-only payments during a 6 to 24 month term, then repay at the sale or refinance.

Pre-approvals come back in 24 to 48 hours, and Conventus can close in as few as 5 to 10 days, fast enough to compete with cash buyers on the right deal.

Approval rests on the deal: the property, its projected after-repair value, your renovation plan, and your exit. Experience helps but is not required, a well-scoped first project can qualify on its own merits. Final terms are set case by case.

Because Conventus finances up to 90% of the purchase and up to 100% of rehab, your out-of-pocket is limited to roughly the remaining 10% of the purchase plus closing costs. The renovation itself can be fully financed and drawn as the work progresses.

As low as 7.99%

Single-family homes, townhomes, condos, PUDs, ADUs, and small multifamily or mixed-use properties.

Yes. Conventus lends to LLCs and other investment entities, which is how most active investors hold and finance their projects.

At Conventus Lending, we understand the importance of aligning financial solutions with our clients’ values. That’s why we offer Heter Iska-based financing—a Halachically compliant alternative to conventional interest-bearing loans, structured to avoid Ribbis (interest) in accordance with Jewish law. To learn more, visit: Kosher Certificate – Conventus

What clients say after the close

Eight reviews, printed as written.

“

I had the pleasure of working with Conventus on many fix and flip transactions in the last few years. The team was very communicative and the process to getting final approval was quick and seamless, sometimes as little as 5 business days to get a transaction to closing table. Ellen helped secured the best rates and the lowest cost possible. As an investor, this is important as holding cost can add up pretty quickly, and that gross profit margin dwindle away quickly. As a licensed RE agent, Ellen helped get to the closing table with ease. They always goes above and beyond to make sure the whole process is as smooth as possible and most importantly that funding is on time. Looking forward to many more closings with Ellen and Conventus.

Phi N.
Fix and flip investor, licensed agent · Worked with Ellen
“

Tamberyne and the whole crew at Conventus have been top notch so far! As a builder I have been working with traditional banks for the past 12 years, and let me tell you; Conventus is 1000% easier to work with! They have competitive rates, and reasonable fees making the overall cost similar to a bank but with a way smarter approval process (not simply tax return based). I hope to work with Conventus for years to come!

Colton M.
Builder, 12 years with traditional banks · Worked with Tamberyne
“

We’ve worked with Conventus as the lender on a couple of our deals, and the experience has been nothing but positive. Huge shoutout to Jake, Hugo, and Jesse—they’ve all been incredibly responsive and on top of things from start to finish. Communication was clear, updates were timely, and any questions we had were always addressed quickly. Overall, they’re easy to work with and very reliable, which makes the process so much smoother. Looking forward to partnering with Conventus again on future deals!

CJ
Repeat client · Worked with Jake, Hugo and Jesse
“

As a real estate investor, securing the best rates and working with a lender who can close on time is absolutely essential. Conventus has exceeded my expectations in both areas and has been instrumental in the success of my business. We’ve closed multiple loans together, and every experience has been smooth and efficient. The team consistently goes above and beyond. They are exceptionally responsive, reliable, and always available for questions, guidance, or recommendations. Their dedication and professionalism truly stand out. I highly recommend Conventus to any real estate investor looking for a lending partner that delivers outstanding service and dependable support. They are truly exceptional to work with.

Ana C.
Real estate investor · Repeat client
“

I’ve used Conventus on a few loans now and have been happy on each transaction. They are fast, fund most of the capital needed and their terms are favorable. Will use them going forward.

Michael P.
Repeat client
“

I recently worked with Austin at Conventus and couldn’t be happier with the experience. From start to finish, he was professional, incredibly responsive, and genuinely invested in finding the best deal for me. It’s rare to work with someone who makes such a stressful process feel straightforward and stress-free. I’d recommend Austin to anyone looking for a mortgage broker who truly has their client’s best interests at heart.

Neal
Worked with Austin
“

I want to thank Allie, Rebecca, and Archi for their incredible support on my recent deal. Their responsiveness, and attention to detail made the entire process smooth. Each of them made sure everything was handled efficiently, and I truly appreciated their teamwork and dedication. I couldn’t have asked for a better group to work with!

Maged D.
Worked with Allie, Rebecca and Archi
“

Great company for flexible real estate lending. Real competitive rates and maybe more importantly, awesome people to work with!

Jon E.
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