Fix & Flip
Buy it, renovate it, sell it.
Buy the property and fund the renovation with one loan, from a lender putting up its own money. We release the rehab as you complete it, so your cash isn’t tied up on day one. Apply online and we’ll get a term sheet back to you.
Overview
One loan for purchase and rehab
A Fix and Flip loan from PMG handles both the purchase and the renovation of a home you plan to resell. You bring the deal. We fund up to 90% of the purchase and all of the renovation budget, up to 75% of what the finished home will be worth. The rehab money is released in draws as the work gets done, which keeps your own capital working and the project moving.
Who it’s for
- Investors buying under-market homes to renovate and resell.
- Everything from a cosmetic refresh to a full gut.
- Seasoned flippers, and newer investors with a solid deal and a clear resale.
- Loan amount
- $75K – $20M
- Term
- 6 – 18 months
- Rate
- 9.9 – 12.9%
- Leverage
- Up to 90% purchase / 100% rehab · max 75% ARV
- Points
- 1 – 3 points
- Close speed
- 2 – 10 days
Fix and flip pricing usually lands between 9.9% and 12.9%. Sponsors with a track record, a sensible budget, and a realistic resale price tend to sit at the low end. Higher leverage or a slower market tends to push it up.
How It Works
From submission to payoff
- Send us the dealUpload the property, the numbers, and your scope of work through our secure application. No call required.
- Get your term sheetWe review it quickly and lay out structure, leverage, rate, and points.
- We underwrite and value itWe confirm the property, the budget, the title, and the exit.
- CloseUsually 2 to 10 business days once your file is complete.
- Draw as you buildRenovation money releases as the work is finished and inspected.
- Sell or refinanceThe loan pays off when the home sells or you refinance.
Apply
What you’ll need to apply
Have these ready and we can turn a term sheet around quickly. Everything is submitted and tracked in your secure PMG portal.
- Borrower & entity
- Property address
- Purchase price
- After-repair value (ARV)
- Loan request
- Rehab budget
- Project timeline
- Exit strategy
- Experience
- Key documents
Application link points to your secure PMG application. Set the live URL before launch.
- Application
- Apply online →
- Portal
- Borrower & investor login →
- FAQs
- Read common questions →
- Scenarios
- Same-day timeframe →
Questions
Fix & Flip, answered
How much can I borrow for a fix and flip?
Loans run from $75K to $20M. We lend up to 90 percent of the purchase price and 100 percent of the renovation budget, capped at 75 percent of the after-repair value.
How fast can PMG close?
Usually 2 to 10 business days once we have a complete file. Because we lend our own capital, the decision gets made right here.
Do you fund the renovation?
Yes. Rehab is funded in draws and released as the work is completed and inspected, so you aren't carrying the whole project cost up front.
Do I need prior flip experience?
Experienced sponsors earn the best terms, but we work with newer investors on the right deal. Experience is one factor alongside the collateral, the market, and a clear exit.
What will you look at to approve the loan?
The property, the renovation budget, and the exit, plus your background and the local market. The checklist on this page covers everything we need to get you a term sheet.
Are the rates shown a commitment to lend?
No. The rates shown are ranges to give you a feel for pricing, not a quote. Your actual rate reflects the deal: your experience, the leverage, the property and its location, the loan size and term, and how strong the exit is. Final terms follow underwriting.
Talk To PMG
Rather talk it through first?
You can apply online whenever you’re ready. If you’d rather walk through a scenario first, send us a note and someone here will get back to you personally, usually the same day.
Private Money. Institutional Discipline. Local Relationships.
Ready to fund your flip?
Send us the deal and a real person will get you a term sheet.