Finance Your Next Property Flip with eFunders
eFunders provides specialized fix and flip loans designed for real estate investors who need quick access to capital for purchasing distressed properties, funding renovations, and maximizing profits on their property flips.
Our fix and flip loans offer the speed, flexibility, and convenience that traditional banks simply can't match, allowing you to capitalize on time-sensitive opportunities in competitive real estate markets.
Fast Funding
Close in as little as 7-10 days with our streamlined approval process, letting you move quickly on hot properties before other investors.
Up to 90% LTV
Finance up to 90% of the property's purchase price and 100% of renovation costs based on the after-repair value (ARV).
Renovation Funding
Access funds for both property acquisition and renovations with our simple draw process to cover construction costs as work is completed.
Flexible Qualification
Property-based approval focuses on the deal's potential rather than your personal credit score or income documentation.
Flexible Terms
Loan terms from 6-24 months with interest-only payments and no prepayment penalties, giving you time to complete your project.
Competitive Rates
Starting at 7.99% with transparent fee structures and no hidden costs, ensuring your flip maintains healthy profit margins.
Fix and Flip Loan Calculator
Estimate your loan amount, monthly payments, and total costs for your next fix and flip project.
Our Simple Fix & Flip Funding Process
We've streamlined the loan process to get you funded quickly so you can focus on what matters most—finding and flipping profitable properties.
Apply Online
Complete our simple online application with details about yourself and the property.
Property Evaluation
We'll assess the property's current value and potential ARV (after-repair value).
Quick Approval
Receive loan terms and approval within 24-48 hours of complete submission.
Close & Fund
Close in as little as 7-10 days and receive funds for your property purchase.
Renovation Draws
Access renovation funds through our simple draw process as work is completed.
Eligibility Requirements
Our fix and flip loans focus primarily on the property's potential rather than traditional borrower qualifications. Here's what we look for:
Property Type
Single-family homes, multi-family properties (2-4 units), condos, townhouses in marketable condition.
Location
Properties in stable or improving real estate markets with good resale potential.
Experience
Previous real estate investment experience preferred but not required for all borrowers.
Deal Profitability
Clear profit potential with realistic purchase price, renovation budget, and ARV estimates.
Down Payment
10-25% down payment of the purchase price, depending on your experience and the specific project.
Exit Strategy
Clear plan for property sale or refinance within the loan term period.
Frequently Asked Questions
Get answers to common questions about our fix and flip loans and the application process.
What is the maximum loan-to-value (LTV) ratio for fix and flip loans?
We typically offer up to 90% of the purchase price and up to 100% of renovation costs, with a maximum of 70-75% of the after-repair value (ARV) of the property. For experienced investors with a proven track record, we may offer higher LTV ratios.
How quickly can I get funded?
Our fix and flip loans can close in as little as 7-10 business days from application, depending on the completeness of your documentation and property information. For time-sensitive deals, we can sometimes expedite funding with our rush process.
How does the renovation draw process work?
Renovation funds are held in escrow and disbursed as you complete project milestones. To request a draw, you'll submit documentation of completed work, and we'll send an inspector to verify progress. Once approved, funds are typically released within 2-3 business days. Most projects have 3-5 draws, but we can customize the schedule to fit your project's needs.
What rates and fees can I expect?
Our fix and flip loan rates typically range from 7.99% to 12.99%, depending on your experience, credit profile, and the property's location and condition. Fees usually include:
- Origination fee: 1-3 points (1-3% of the loan amount)
- Underwriting fee: $695-$995
- Draw fees: $150-$250 per draw inspection
- Document preparation fee: $295
We don't charge prepayment penalties, so you can sell or refinance at any time without additional costs.
Do I need previous flipping experience?
While previous fix and flip experience is beneficial, it's not always required. For first-time flippers, we evaluate your background (such as construction or real estate experience), your team (contractors, real estate agents, etc.), the property's potential, and your financial strength. Newer investors may be required to have a slightly higher down payment or demonstrate a strong team of experienced professionals.
What documentation do I need to apply?
To streamline your application, please have the following ready:
- Purchase contract or property information
- Detailed renovation budget and scope of work
- Proof of funds for down payment and reserves
- Government-issued photo ID
- Entity documentation (if applying as an LLC/corporation)
- Information about your past project experience (if applicable)
Unlike traditional loans, we typically don't require extensive personal financial documentation like tax returns, pay stubs, or bank statements.