Call us: 844-354-7386

frequently asked questions

What is the ARV % | LTV % Limits?

Our loans can fund a max of 75% of the after repaired value of the property to be determined by appraisal. Our purchase only loans can fund up to 90% of the purchase price and 100% of the rehab cost. Our refi/cash out programs can fund up to 80% of the current value of the property.

What kinds of financing can I obtain using Flip Funding?

We provide both short and long-term financing for purchase only, purchase and rehab, or refi/cash out projects. (Residential and Commercial real estate investment properties). We do not provide funding for owner occupancy.

How do I apply?

Just visit our website,, and click the “Apply for Funding tab”. You will then need to complete the Short Private Money application. After submission, we will review the deal and follow up with terms immediately.

Are there any up-front fees involved?

Never! This is usually the first sign of a scam.

Are you credit score driven?

No, we are not credit score driven. However, for certain loan products, we must pull a credit report on the borrower.

If I have had a recent bankruptcy, can you still approve me?

Recent bankruptcies are not a problem. We will be interested in learning the situation; however, this is not a deal breaker.

What states do you lend in?

We do lend nationwide, however, there are a few red flag cities and locations we are extremely cautious about. If the project you are interested in funding is within one of these cities we will make you aware right away. Please do not ask for a list of these “red flag” cities, it changes as the market continues to adjust.

How much can I borrow?

We can lend as little as $75,000 to as much as $10,000,000. Our approvals are not solely equity based. We must be sure that the client will be able to afford the monthly interest only payments on the loan they are requesting.

Is there a maximum amount you will lend for rehab/repair costs?

There is no maximum limit to the rehab being requested; however, we do prefer that the rehab costs do not exceed 50% of the purchase price.

Is down payment required?

Most loan programs we offer require a downpayment of at least 10% for experienced borrowers and 20% for first-time borrowers.

What are your rates?

Annual rates can vary, depending on experience, LTV and which programs the client qualifies for. Rates can be anywhere between 8-12%.

How quickly can you approve me?

Once an application is submitted in completion (complete application and documentation package), we can have an approval within 24 hours, but usually within minutes. This approval will disclose any and all programs the client qualifies for complete with rates, terms, points, down payment etc. The client will then have the opportunity to ask questions, address any concerns and come to a decision if Flip Funding is a good solution for their funding needs.

How long are loan approvals good for?

The approvals are property specific and only issued for a single transaction.

Will you provide a proof of funds letter? (or pre-qual letter)

Yes. Once a client is pre-qualified, we can begin issuing proof of funds letters. We can submit these as frequently as needed as general letters or specific to the property address and offer price the client requests to be disclosed.

How quickly can you close?

We can close deals as soon as 5 -10 business days. It is contingent upon requested documents being submitted in a timely manner.

What documentation is required?

We do have stated programs as well as full-doc loan programs. The approval the client is issued will disclose which programs are stated income and which programs are full documentation. There is a documentation checklist of all items that will be requested after your approval has been received.

Do you require an appraisal or BPO?

Yes, we do require an appraisal or BPO. This must be ordered in-house prior to closing. Previous valuations will not be accepted.

Will you accept a recent appraisal, broker values or recent comps when evaluating a property?

Absolutely not. We can look at comps or broker values when doing an initial evaluation of the project to help the client decide if it is a logical project, however, the final loan amount will be based off an appraisal ordered in house.

Do you do construction loans?

Yes, we do have new construction loans. 100% funding options too!

Can I flip a house without rehabbing it first?

Absolutely! This is where purchase only funding comes into play. In most cases our clients will already have end buyers lined up!

If I just purchase a property, are you able to lend only the rehab needed?

Yes, if the property was just purchased using cash (no liens), then we can complete a cash out loan to the client for rehab needed.

Can you take second lien position?

No, we cannot take second lien position ever on a property.

Do you charge a prepayment penalty?

No, we do not charge a prepayment penalty. We encourage a quick flip.

Can I close under my LLC, trust or corporation?

Yes, the client can close under an LLC, trust or corporation however one of the owners must still be the personal guarantor on the loan. Some loan programs allow you to close in your personal name as well.

Can I occupy my investment property until I am able to refinance or sell it?

No. We only lend for non-owner occupied properties. If we did find out the client is occupying the property, it could cause the note to be called due and payable immediately.

Can a renter occupy my property until I am able to refinance or sell it?

Yes, a renter can occupy the property but we require copies of all lease agreements.

Are your loans recourse or non-recourse?

We offer both recourse and non-recourse loans.

Flip Funding LLC specializes in investment financing for commercial and investment properties.

150 Monument Rd. #207 Bala Cynwyd, Pa 19004