Fix and flip Loans
Fix and Flip Loans
Fix and flip loans are short-term real estate loans used by investors who purchase properties, renovate them, and resell them for a profit. These loans are designed for speed, flexibility, and project-based underwriting. Instead of waiting months for traditional bank financing, investors can use fix and flip financing to move quickly when a good deal becomes available.
AtMedex PMC LLC, we help real estate investors connect with private lenders and funding partners that offer fix and flip loans throughout South Carolina and the Southeast. Whether you are buying your first flip or managing several renovation projects at once, we help review your deal and match it with lending options that fit your timeline.
Our mission is simple:
Find It. Fund It. Close It.
What Is a Fix and Flip Loan?
A fix and flip loan is a short-term investment property loan used to purchase and renovate a property that will be sold after repairs are complete.
These loans are often also called:
Rehab loans
Hard money loans
Bridge loans
Short-term real estate loans
Interest-only investment loans
Renovation loans for investors
Fix and flip loans are different from traditional home mortgages because they are not based only on the current condition of the property. Lenders also look at theAfter Repair Value, commonly called ARV. This is the estimated value of the property after renovations are completed.
Who Fix and Flip Loans Are For
Fix and flip loans are commonly used by:
Real estate investors
House flippers
Builders
Contractors
LLCs
Real estate partnerships
Investors buying distressed property
Investors purchasing auction properties
Investors buying properties that need repairs
Investors who need to close quickly
These loans are designed for investment properties, not owner-occupied primary residences.
Common Uses for Fix and Flip Financing
Fix and flip loans may be used for:
Purchasing distressed homes
Renovating outdated properties
Funding repair budgets
Buying auction properties
Acquiring off-market deals
Completing value-add renovations
Repositioning properties for resale
Short-term bridge financing
Refinancing an existing rehab project
Some lenders may finance both the purchase price and eligible renovation costs, depending on the deal.
Typical Loan Amounts
Medex PMC works with lenders offering fix and flip financing from approximately:
$50,000 to $40 million
Loan amounts depend on:
Purchase price
After Repair Value
Loan-to-value ratio
Renovation budget
Borrower experience
Property location
Exit strategy
Lender guidelines
For example, some lender programs may finance a portion of the purchase price and up to100% of eligible rehab costs, subject to underwriting.
What Do Fix and Flip Loans Cost?
Fix and flip loans are short-term loans, so pricing is usually higher than a traditional long-term mortgage.
Costs may depend on:
Loan amount
Borrower experience
Property value
After Repair Value
Scope of work
Renovation budget
Credit profile
Location
Exit strategy
Many fix and flip loans are structured withinterest-only paymentsduring the loan term. That can help investors reduce monthly carrying costs while work is being completed.
Medex PMC provides ano-cost consultationto review your project and explore available lending options.
How Long Do Fix and Flip Loans Last?
Most fix and flip loans are short-term.
Typical terms may range from:
6 to 24 months
The goal is usually to purchase the property, complete repairs, list the home, sell it, and repay the loan from the sale proceeds.
If the property will be kept as a rental, the investor may refinance into a longer-term rental loan such as a DSCR loan.
How Fast Can Funding Close?
Speed is one of the main reasons investors use fix and flip loans.
Some loans may close in as little as5 business daysafter the lender receives the required documents and completes underwriting.
Faster closings are more likely when the borrower has:
Purchase contract
Scope of work
Rehab budget
Property photos
Entity documents
Proof of funds or reserves
Exit strategy
What Documents Are Usually Required?
Requirements vary by lender, but common documents include:
Purchase contract
Property address
Scope of work
Rehab budget
Contractor estimate
Property photos
LLC documents
Bank statements
Identification
Insurance information
Exit strategy
The stronger your package is, the easier it is for lenders to evaluate the deal.
The Fix and Flip Loan Process
Step 1 — Submit the Deal
You provide the property address, purchase price, estimated rehab budget, estimated resale value, and timeline.
Step 2 — Review the Numbers
We review the purchase price, ARV, renovation budget, and expected exit strategy.
Step 3 — Match With Lenders
We compare your project with lender programs that finance fix and flip investments.
Step 4 — Collect Documents
The lender reviews the contract, property information, scope of work, borrower profile, and supporting documents.
Step 5 — Underwriting
The lender evaluates the deal, property value, project risk, and exit strategy.
Step 6 — Closing and Draws
Once approved, the loan closes. If rehab funds are included, they may be released through construction or renovation draws based on completed work.
Why Investors Use Fix and Flip Loans
Fix and flip loans can help investors act quickly in competitive markets.
Potential benefits include:
Fast closings
Short-term financing
Interest-only payment options
Rehab funding
Financing for distressed properties
LLC financing
Flexible underwriting
Ability to move before bank financing is available
Financing based partly on ARV
For many investors, the ability to close the deal matters more than finding the lowest possible interest rate.
Fix and Flip vs. Bridge Loans
A fix and flip loan is a type of bridge loan.
The difference is usually how the money is used.
A bridge loan can be used for many short-term real estate needs, including commercial acquisitions, rental property purchases, refinancing, and construction.
A fix and flip loan is specifically used to buy, renovate, and resell a property.
Why Work With Medex PMC?
Medex PMC LLC helps investors connect with private lenders that understand real estate investment projects.
Instead of submitting your deal to one lender, we help compare available financing options. This matters because each lender has different rules for ARV, rehab funding, borrower experience, credit, and closing timelines.
Whether you are flipping a property in Columbia, Sumter, Florence, Greenville, Charleston, Myrtle Beach, or another market in the Southeast, we can help review your deal and identify possible funding options.
Contact Medex PMC
Medex PMC LLC
Phone:(888) 865-7910
Website:
Investor Toolkit:
Schedule ano-cost consultationto discuss your fix and flip project.
Who This Service Is For
Fix and flip loans are for real estate investors who need short-term financing to purchase, renovate, and sell investment properties. They are best for borrowers with a clear rehab plan, realistic resale value, and a defined exit strategy.
Frequently Asked Questions
What is a fix and flip loan?
A fix and flip loan is short-term financing used to purchase and renovate a property that will be resold after repairs are complete.
Can rehab costs be included?
Some lender programs may finance eligible renovation costs along with the purchase price, subject to underwriting.
Are fix and flip loans interest-only?
Many fix and flip loans offer interest-only payments during the loan term, but terms vary by lender.
How fast can a fix and flip loan close?
Some loans can close in as little as5 business daysafter underwriting documents are complete.
Do I need experience to qualify?
Experience can help, but some lender programs may work with newer investors if the deal is strong and the borrower meets lender requirements.
Can I use an LLC?
Yes. Many fix and flip lenders allow borrowers to purchase through a new or existing LLC.
Internal Links
Private Money Loans:https://medexpmc.com/services/private-money-loans/
Bridge Loans:https://medexpmc.com/services/bridge-loans/
DSCR Loans:https://medexpmc.com/services/dscr-loans/
Commercial Real Estate Financing:https://medexpmc.com/services/commercial-real-estate-financing/
Construction Loans:https://medexpmc.com/services/construction-loans/
Columbia Location:https://medexpmc.com/locations/columbia-sc/
Charleston Location:https://medexpmc.com/locations/charleston-sc/
Contact Us:https://medexpmc.com/contact/
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