Hard Money Loans for
Townhome and Condo Rehabs
Short-term, interest-only bridge loans to rehab, redevelop, or fix-and-flip condos and townhomes.
We fully understand the complexities and challenges of rehabbing and renovating condos and townhomes. That’s why we offer flexible terms, competitive rates, and the fastest closing in the hard money industry.
What is a Condo or Townhome?
A condo is an individual unit that resides in a building or community of buildings where the interior of the unit can be owned by an individual. Condo ownership generally includes a single unit and a fraction of the building. A townhome is a multilevel home that shares a wall with other townhomes where the interior, exterior and land can possibly be owned individually. Townhome ownership includes the building and the land itself.
Townhome and Condo Rehab Overview
With great experience comes great rates and flexible terms. Submit your deal and we'll be in touch to talk details as soon as 24 hours.
Max Term
Up to 15 months
Details
Interest-only loan, first-position
Loan Amount
$100K+
Loan to Cost (LTC)
Up to 90%
Exit Strategy
Sell
Rent + Sell
Rent + Refi Out
States
Currently lending in 35 states (see map below).
How is a Rehab Loan Different Than Other Hard Money Loans?
A rehab loan is a short-term, hard money loan that covers a significant portion of the cost to purchase as well as repair or improve a property, versus a construction loan which is used for all costs associated to build the property.
Unlike the well-known FHA 203K rehab loans, a hard money rehab loan cannot be used for an owner-occupied property.
Who Do We Work With?
Fund That Flip works with experienced, professional redevelopers and rehabbers with the best deals in the best real estate markets. You’ve got a business to grow, and we’re not looking to mess around.
Looking to scale your business
4 completed and repaid deals in the past 24 months
Cash on-hand for the down payment and closing
VIPs looking for great rates
Fund That Flip by the Numbers
$2.6 Billion+ in Loans
to scale businesses and transform communities
93%+ Repeat Borrowers
35+ States
6,500+ Homes & Rentals
transformed, revitalized, and built throughout the U.S.
8,700+ Jobs Created
by funding real estate investors
Why Get a Hard Money Loan from Fund That Flip?
As you’ve probably already experienced, maintaining and growing a network of private lenders is time consuming and inefficient — and that network has limited finances. Give your business the advantage by working with Fund That Flip.
Reliable Financing
We’re a direct hard money lender with a diverse capital stack — which means we can fund your project, we can fund it fast, and we can continue funding it as each project progresses.
Local Team
When was the last time your lender visited your jobsite? We have Territory Managers and Regional Sales Directors throughout the U.S. — many who invest in real estate themselves.
Scalability
With private lenders, you can only take on as many projects as your network can finance. With us, bring us the good deals, and we’ll fund them. Many of our borrower partners double their completed projects when they start working with us.
24/7 Support
Beyond our local teams, we have an entire in-house team dedicated to you and your business. We guide you through every step of the loan process, close faster than anyone in the industry, and make sure your draws are fast and accurate.
Frequently Asked Questions
What is a condo or townhome?
A condo is an individual unit that resides in a building or community of buildings where the interior of the unit can be owned by an individual. Condo ownership generally includes a single unit and a fraction of the building. A townhome is a multilevel home that shares a wall with other townhomes where the interior, exterior and land can possibly be owned individually. Townhome ownership includes the building and the land itself.
Scale with Confidence
Check out the resources below to learn more about how Fund That Flip does business, and how we support our borrower partners in growing their businesses.
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