Fix & Flip Loans for
Real Estate Investors
A fix and flip loan is short-term financing that covers both the purchase and the renovation of an investment property you plan to resell. Essencap is a direct private lender funding fix & flip projects across the New York metro and nationwide — the purchase loan plus up to 100% of renovation costs — so your own capital isn't tied up in the rehab.
Because we're a direct lender, the person who reviews your deal is the person who helps get you to closing — and stays with you through the draws until the project is done.
What is a fix & flip loan, and how does it work?
A fix and flip loan is a short-term real estate loan built for one job: buy a property, renovate it, and sell it — usually within months, not years. Instead of a 30-year mortgage, you get purpose-built capital for the purchase and the rehab, then repay when the property sells or when you refinance into a long-term loan.
Two things set it apart from a conventional mortgage. First, it funds the renovation, not just the purchase — Essencap covers the purchase loan plus up to 100% of renovation costs, so your cash isn't locked into the project. Second, it's underwritten on the deal — the property, the renovation budget, and the ARV (After-Repair Value — what the property will be worth once the work is done), along with your experience and your exit — rather than on your personal income alone.
That's what lets an active investor move fast on a distressed property and keep capital free for the next one.
Fix & flip loan terms
What Essencap offers on fix & flip financing:
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Purchase + up to 100% of renovation costs — your capital isn't tied up in the rehab.
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Short-term structure — built to be repaid on sale or refinance, not held for decades.
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Renovation funds released in draws — capital comes as the work gets done (see below).
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Underwritten on the deal — the property, the rehab budget, the after-repair value, your experience, and a clear exit.
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Purchase or purchase-and-rehab on distressed and value-add properties.
Specific terms, loan amounts, and qualifying details vary by property, scope, and deal.
How the draw process works
On a fix and flip loan, you don't receive the full renovation budget in one lump at closing. Instead, rehab funds are released in draws — payments made as portions of the work are completed and verified. You finish a phase, request the draw, and the funds are released to cover it.
This protects both sides: the loan funds real progress, and you're not paying interest on renovation money you haven't used yet. The problem with many lenders is speed — a slow draw means a stalled job site, idle contractors, and a timeline slipping away.
That's where a direct lender with a real person on the other end matters. At Essencap, your draws are handled by the same team that closed your loan — not a servicing desk that has never seen your project. When a draw needs to move, someone is accountable for moving it.
The Essencap difference
Plenty of lenders offer fix and flip money. On a project with a clock running and contractors waiting, what matters is who stands behind the loan.
A real underwriter, not an algorithm. We underwrite the property, the renovation plan, and your exit — not just a score in a system. When a deal is close to the line, a human can find the path a platform won't.
Draws that keep pace with the job. The same team that closed your loan handles your draws, so funding keeps up with the work instead of holding it up.
The rate we quote is the rate you close. The terms we put in front of you are the terms you sign. No drift at the table.
We know your market. Decades of flip and value-add deals across Queens, the Bronx, Long Island, Westchester, and the wider NY metro — and the contractors, appraisers, and timelines that come with them.
When speed matters — and on a flip it usually does — clean deals can close in about 10–15 days. The closings below are real examples.
Real fix & flip deals
A few flip and value-add projects Essencap has funded:
White Plains, NY
$632K value-add project
Jamaica, Queens
$882K two-family fix & flip
Levittown, NY
$1.04M renovation
Who fix & flip loans are for
Fix & flip loans are built for the active investor — someone doing one or several projects a year who needs to move on a distressed or value-add property faster than a bank can, without draining their own cash into the rehab.
There's a longer game, too. The investor who flips today often becomes the investor who holds tomorrow. When a project is finished, if you decide to keep it as a rental rather than sell, the same relationship carries straight into a 30-year DSCR loan — cash-out refinance, pull your capital back, and go again. One lender across the whole arc of your portfolio.