Question 1

How is the Fix & Flip loan amount determined?

Accepted Answer

Loan sizing uses total project cost (purchase + rehab) and after-repair value. The preliminary maximum is the lower of the LTC ceiling or LTARV ceiling, subject to underwriting that may further reduce the actual loan amount. The eligible rehab budget is reserved within the loan first, with remaining proceeds applied toward the purchase.

Question 2

What's the difference between Maximum Leverage and Accelerated Close?

Accepted Answer

Maximum Leverage prioritizes the highest available leverage (up to 95% LTC) with a 10-day-or-less core close. Accelerated Close prioritizes speed — no full appraisal under $750K and as fast as 48-hour closing — at a slightly lower baseline leverage (up to 93% LTC). The tradeoff is more leverage versus faster execution. They are separate programs with separate parameter blocks, never combined.

Question 3

Does 100% rehab financing mean the entire project is financed?

Accepted Answer

No. Rehab financing and total project leverage are separate. A transaction may finance the full eligible rehab budget while still requiring the investor to contribute toward the acquisition, closing costs, reserves, or other expenses. 100% eligible rehab financing is distinct from 100% total project financing.

Question 4

Can first-time investors qualify?

Accepted Answer

Yes. Your first flip does not automatically disqualify you. The property, project economics, credit, liquidity, contractor plan, and exit strategy all matter. A well-scoped first project with a credible contractor and a realistic ARV can qualify on the core program.

Question 5

How do renovation draws work?

Accepted Answer

Renovation proceeds are held back and released through a draw schedule tied to completed milestones and inspections — not handed to the borrower in cash at closing. 24-hour digital draw inspections are available on the core program, so completed work is verified before funds are released for the next phase.

Question 6

Can I combine Fix & Flip with Gap Funding?

Accepted Answer

Potentially. Qualifying borrowers may layer eligible gap capital on top of the primary hard-money loan to help cover the down payment, closing costs, reserves, or rehab float the primary loan does not cover. The primary lender's source-of-funds and leverage rules still control whether borrowed funds count toward required liquidity. Qualify from a position of strength first, then preserve working capital when the structure permits.

Question 7

What happens if the project takes longer than expected?

Accepted Answer

Extension options are available on qualifying programs. Because the loan is short-term and interest only, a delayed exit increases carrying cost. A clear, realistic timeline and a credible contractor plan help reduce that risk.

Question 8

Is 100% financing available for Fix & Flip?

Accepted Answer

Yes — 100% purchase and rehab financing is available on select programs, including options for both first-time and experienced investors. A first-time / new-investor structure may qualify with no prior flipping experience, a 621+ FICO guideline, up to 70% ARV (65% in Philadelphia), 6 / 9 / 12 month terms, as-fast-as-48-hour closing once documentation is complete, and 48–72 hour draws; it is currently available in AZ, CO, DE, GA, MO, NJ, NC, OH, OK, PA, TN, TX, and VA (Florida pending). An experienced-investor structure requires a 720+ FICO and 10+ completed flips in the previous 36 months, on 1–4 unit properties with a loan amount of $100,000–$500,000, subject to a 75% ARV cap and an eligible-state requirement. Every 100% structure remains subject to its applicable ARV cap — it is not unlimited 100% purchase plus 100% rehab beyond that cap. Eligibility is based on the subject property state and is confirmed during underwriting, not at application, so submitting does not constitute approval. If a property does not fit a 100% structure geographically, the file is still evaluated against Green Fire's other Fix & Flip programs.

Question 9

Can a first-time investor get 100% financing?

Accepted Answer

Potentially. A first-time / new-investor 100% structure does not require prior flipping experience and uses a 621+ FICO guideline, up to 70% ARV (65% in Philadelphia), 6 / 9 / 12 month terms, as-fast-as-48-hour closing once documentation is complete, and 48–72 hour draws, with borrowing through an LLC or corporation and proof of liquidity required. It is currently available in AZ, CO, DE, GA, MO, NJ, NC, OH, OK, PA, TN, TX, and VA (Florida pending). Not every first-time borrower qualifies; eligibility is confirmed during underwriting. The borrower does not choose the structure — Green Fire determines the applicable 100% option from the deal and borrower profile.

Question 10

Does this program require a traditional appraisal?

Accepted Answer

Select programs use an in-house valuation process rather than a traditional outsourced appraisal. This does not mean the property is never reviewed — valuation is still performed. In-house valuation options are separate from other Green Fire programs that may have their own no-traditional-appraisal thresholds.

Question 11

How fast can a 100% structure close, and how fast are draws?

Accepted Answer

Select fast-close programs may close as fast as 48 hours once required documentation is complete — not every transaction closes in 48 hours. Initial review may center on a Credit Authorization, Proof of Liquidity, and Budget / Scope of Work, with additional closing documentation (plans, permits, insurance, entity documents, title, valuation, and other items) still required depending on the project. Rehab draws may be processed in approximately 48–72 hours on the applicable program once properly submitted and verified; not every draw is guaranteed within that period.

Fix & Flip

Program at a Glance

Ways to structure this financing

Property types and project size

How it works

Identify the property

Submit the deal

Review and size the loan

What to have ready

Ready to apply for Fix & Flip?

Fix & Flip — Frequently Asked Questions

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