Fix & Flip
Capital for acquisition. Renovation. Repositioning.
Fix-and-flip financing provides short-term capital for qualified investors acquiring and renovating non-owner-occupied residential properties.
East Towne Capital evaluates more than the purchase. We consider acquisition basis, renovation scope, project budget, investor experience, after-repair value, timeline, and exit strategy to evaluate how the financing fits the overall transaction.
Relevant Situations
Where this capital applies
Qualification
Minimum Credit Score
Minimum Credit Score: 660+ (FICO)
Credit scores below 660 may be considered subject to capital source discretion and additional underwriting requirements.
Minimum credit score is one qualification factor. Additional underwriting requirements apply. Meeting the minimum credit score does not guarantee approval, terms, or funding.
Indicative Financing Parameters
Parameters structured around the transaction
Shown to illustrate the range East Towne Capital evaluates. Actual structure depends on the transaction, borrower, property, market, and current program availability.
Loan Amount
Starting around $50,000 with programs extending to approximately $3,000,000, subject to program and transaction requirements.
Property Types
Single-Family Investment, 2–4 Unit, Townhomes, Eligible Condominiums, Eligible PUDs.
Transaction
Purchase, renovation, value-add, repositioning, and eligible rental-conversion strategies.
Potential Leverage
Up to approximately 90% of qualifying purchase price. Up to approximately 100% of eligible rehabilitation costs. Maximum financing may also be limited to approximately 75% of qualifying ARV.
Term
Short-term bridge structures, with exact term based on current program.
Credit
Minimum FICO: 660. Credit scores below 660 may be considered subject to capital source discretion and additional underwriting requirements.
Experience
Transaction and program dependent.
Exit
Sale, refinance into eligible long-term financing, or other approved exit.
Financing parameters are indicative and subject to current program availability, borrower and property eligibility, underwriting, due diligence, documentation, market conditions, and applicable capital-source requirements. Information shown does not constitute an approval or commitment to lend.
Pricing + Cost Considerations
Look beyond the rate
The interest rate is one part of the economics of a transaction. East Towne Capital evaluates the complete financing structure so borrowers can understand the potential cost of capital before moving forward.
Interest Rate
Current pricing available by request.
East Towne Capital Fee
Varies by transaction and financing structure.
Capital Source Origination / Financing Fee
Separate from East Towne Capital's fee; varies by financing structure and applicable program.
Third-Party Costs
Transaction dependent.
Prepayment
Program dependent.
Extension Provisions
May apply depending upon financing structure.
Other Transaction Costs
May apply.
Bridge Financing Cost Considerations
Fix & Flip financing is generally evaluated differently from long-term permanent financing. Borrowers should evaluate the total cost of capital relative to the business plan and expected holding period.
East Towne Capital LLC fees, when applicable, are separate from any origination fees, points, underwriting fees, commitment fees, or other charges assessed by the applicable capital source. A transaction may also involve independent third-party expenses, including appraisal, legal, title, settlement, inspection, environmental, engineering, insurance, recording, and other due-diligence costs. East Towne Capital's fee is due only upon the successful closing of your loan. No fee is payable in advance, and if your loan does not close, no East Towne Capital fee is due. At closing, the applicable fee is disclosed and paid as part of the closing transaction and reflected on the applicable closing statement (HUD-1 or closing disclosure), separate from lender and third-party charges. The fees and expenses applicable to a particular transaction depend on the financing structure, property, borrower or sponsor, and program requirements and will be identified as applicable during the financing process. Rates, fees, terms, and program availability are subject to change. Information presented on this website does not constitute an approval or commitment to provide financing.
Fee Disclosure
FEE DISCLOSURE: East Towne Capital LLC may charge fees in connection with arranging, structuring, or facilitating a financing transaction. East Towne Capital's fees are separate from and in addition to any origination points, underwriting fees, commitment fees, administrative charges, or other financing costs imposed by the applicable capital source. East Towne Capital's fee is due only upon the successful closing of your loan; no fee is payable in advance, and if your loan does not close, no East Towne Capital fee is due. When applicable, the fee is collected at the closing table and disclosed and paid as part of the closing transaction on the settlement statement (HUD-1 or closing disclosure). Independent third-party costs, including appraisal, legal, title, settlement, insurance, environmental, engineering, inspection, recording, and other due-diligence expenses, may also apply. Actual rates, fees, costs, and financing terms vary by transaction and are subject to applicable program requirements, underwriting, due diligence, documentation, market conditions, and final approval. Nothing contained on this website constitutes an offer, approval, commitment to lend, or guarantee of financing.
Common Questions
Questions about fix & flip
What does East Towne Capital consider when evaluating a Fix & Flip?
Acquisition basis, renovation scope, project budget, investor experience, after-repair value, timeline, and exit strategy — together they shape how the financing fits the transaction.
How is ARV used?
After-repair value helps frame the maximum financing relative to the completed property. Maximum financing may be limited to approximately 75% of qualifying ARV.
Can renovation costs be financed?
Eligible rehabilitation costs may be financed up to approximately 100%, subject to the overall leverage and ARV constraints of the program.
What property types may qualify?
Single-Family Investment, 2–4 Unit, Townhomes, and eligible Condominiums and PUDs, subject to program requirements.
What experience may be required?
Experience requirements are transaction and program dependent. East Towne Capital reviews the investor's relevant project history as part of the evaluation.
Found Your Next Flip? Let’s Talk Capital.
Get financing structured around your acquisition, renovation plan, and exit strategy.
Minimum Credit Score: 660+ (FICO)
Credit scores below 660 may be considered subject to capital source discretion and additional underwriting requirements.
No upfront East Towne Capital fee. Our fee is due only when your loan successfully closes. If your loan does not close, no East Towne Capital fee is due.