How fix & flip loans work
Fix & flip loans are short-term, interest-only bridge loans for buying and renovating investment property. Mortava funds up to 95% of the purchase (LTC) plus 100% of the rehab budget, capped against the after-repair value (ARV), with draws reimbursed in about 24 hours. Terms run 12–18 months with a 620+ FICO minimum.
How rehab draws work
Rehab money moves in draws, not one lump sum — you're reimbursed as work gets done, so you're never carrying the full renovation budget out of pocket.
The rehab budget is funded up to 100%, capped against the after-repair value (ARV), alongside up to 95% LTC on the purchase — draws don't slow that down.
Top: LA-Hills modern finish, delivered
Bought under market. Walked with ~$250K.
A Nashville investor picked up a property just under market at $740K. We funded the entire $249K rehab budget, he ran the crew, and delivered an LA-Hills modern finish in 83 days. It sold at $1.29M — and he and his partners walked with roughly $250K in cash.
⚠ Illustrative example — results not typical. Business-purpose financing only. Past projects are not a guarantee of future results.
Send your project,
get a 2-hour term sheet.
Tell us what you're buying and what it needs. A real person on our team reviews every deal — first-time flippers welcome (620+).
Project received.
We're sizing it now — expect an indicative term sheet within about two hours. We'll reach out fast.
Fix & flip loan FAQ
How much can I borrow on a fix & flip?
Up to 95% of loan-to-cost with 100% of the rehab budget funded, and draws reimbursed in 24–48 hours.
Do you fund 100% of the rehab budget?
Our Fix & Flip programs fund up to 100% of the rehab budget alongside up to 95% of the purchase, capped against the after-repair value. Your exact leverage is confirmed on your live-priced term sheet.
How fast can a flip bridge loan close?
Fix & Flip bridge loans can close in as few as 7 days, since qualification is asset- and project-based.
What credit score do I need?
Most programs start at a 620 FICO; stronger credit unlocks better leverage and pricing.
Can I close in an LLC?
Yes. Mortava’s investor loans are business-purpose and can close in an LLC or other entity.
How does the rehab draw process work?
Draws are reimbursement-based: you complete a phase of the renovation, submit documentation of the completed work, and funds are reimbursed within 24 hours once verified — so you’re not floating the next phase out of pocket.