Fix & Flip / Renovation Loans
Financing for investors buying properties to renovate and resell or rent. We fund the purchase and the renovation, and we make the decision ourselves, so you can move on a property when it’s available, not when a bank is ready.
- Loan amounts: $100,000 to $2,000,000
- Purchase: Up to 85% of purchase price
- Renovation: Up to 100% of rehab costs, released in draws as work is completed
- Term: 6 to 18 months, interest-only
- Collateral: Non-owner-occupied real estate in Massachusetts and New England
Send us the deal and you’ll have a term sheet or a straight answer the same day. Business-purpose loans on non-owner-occupied property only; Starboard Financial does not make consumer or owner-occupied loans.
When a fix & flip loan fits
You’ve found a property that needs work and a bank won’t lend on its current condition.
You need to close quickly to win the deal.
You want the renovation funded alongside the purchase.
You plan to sell or refinance once the work is done.
What we need for a term sheet
- Property address and purchase price
- Renovation budget and scope of work
- After-repair value estimate
- Your exit plan: sale or refinance
- Your track record on similar projects