Fix-and-Flip Loans in 2026: How to Fund Your Rehab Deal Without a Bank

If you have ever tried to get a traditional bank loan for a fix-and-flip property, you already know the problem. Six to eight weeks of underwriting. W2 income requirements. Appraisals on properties with broken windows. By the time the bank finishes, the deal is gone and someone else is pulling permits.

What Is a Fix-and-Flip Loan?

A fix-and-flip loan is a short-term, asset-based loan for investors who buy distressed properties, renovate them, and sell for a profit. Unlike a conventional mortgage, the lender underwrites primarily on the After-Repair Value (ARV) – not your W2 income alone. These loans typically include 12-18 month terms, 85-90% LTC funding, and 10-15 business day closings.

Why Banks Say No

Traditional banks are not built for fix-and-flip. Their models are designed for owner-occupied properties with predictable cash flows. A distressed property with code violations does not fit their box. When your bank says no, it is not a judgement on your execution ability – it is a structural mismatch. Private fix-and-flip lenders exist to solve exactly that.

How Fix-and-Flip Lenders Underwrite

Private rehab lenders look at the deal, not your W2. Key metrics: ARV (programs fund up to 65-75% of ARV), LTC (best programs reach 85-90%), rehab scope realism, exit strategy clarity, and borrower experience (a factor but not a hard gate). First-time flippers can get funded – a strong scope of work matters more than your flip count.

The Fix-and-Flip Math

ARV x 0.70 – Rehab Costs = Maximum Allowable Offer (MAO)

Example: ARV 50,000. Rehab 0,000. MAO = 50,000 x 0.70 – 0,000 = 85,000. Acquire at or below that number and the deal math holds. Present this clearly to your lender and the approval process moves fast.

Active Markets: Florida, Texas, Georgia, South Carolina

These four markets continue to see strong investor activity in 2026. Slate Financial works with lenders closing deals in all four states – programs that fund fast and cover the full scope of work. Whether you are in Tampa Bay, Dallas-Fort Worth, metro Atlanta, or the South Carolina Lowcountry – the lending relationships are in place.

How to Apply

1. Submit your deal at slatefinancial.io/apply/fix-and-flip – 3 minutes.
2. We match your deal to the right lender for your project, market, and timeline.
3. Term sheet within 24-48 hours.
4. Close in 10-15 business days.

Stop Letting the Bank Decide Your Timeline

Every week waiting on a bank committee is a week your deal is at risk. Apply at slatefinancial.io/apply/fix-and-flip and see what your deal qualifies for.

Funding is subject to lender approval. Results not typical.

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