Guide · Property
Fix and flip and bridge loans
Both are short-term loans for investors. They help when timing matters: a distressed property that needs work, or a deal that has to close fast.
Fix and flip
Short-term financing to buy a property and renovate it, with fast closings for distressed properties. Experience helps but isn't required.
Under Lexington's general guidelines: a credit score of 650 or higher, and a scope of work with a rehab budget.
Bridge loans
A bridge loan is also short-term, with fast closings for time-sensitive deals, and it's approved mainly on the property.
Under Lexington's general guidelines: a credit score of 650 or higher, and equity or assets to back the loan.
What to look at before you sign
Because they're short-term, you need a clear plan to get out of the loan: sell the property or refinance it. Run the numbers first, with room for surprises in the work. Lexington Capital shows you the terms and costs before you decide.
The truth: every deal should work on paper first. If the numbers don't work with room for surprises, it's better to wait for the next one.
See the requirements for Fix and flip · All guides
These are Lexington Capital's general guidelines and can change. This guide is education, not an offer of credit.
Is this a fit for you?
Answer a few quick questions to see which programs may fit, or talk with Kevin directly.
Which program fits you? Find out in 2 minutes
Financing is provided by Lexington Capital, not by Kevin or Retire With Kevin. Kevin is a referral partner of Lexington Capital, not a lender, and may receive a referral fee. Lexington Capital reviews every application and makes all credit decisions. Not every applicant is approved, and terms depend on the lender and your situation.