You found the deal. It is under market, the scope is obvious, and you know within a few thousand dollars what it will be worth finished. What you do not want to do is hand over 20% of the purchase price and most of the rehab budget to get it.
On a fix and flip, CR Equity AI will go to 100% LTV. That is not a teaser — but it does have exactly two conditions attached, and they are worth understanding before you apply, because missing either one changes your number materially.
Approval in four hours. Funded in 24 to 48 hours. Purchase and rehab in a single facility.
The two conditions
- Three or more completed projects. Not three in progress — three closed. This is the condition that does most of the work, because 100% financing is underwritten on the assumption that you have already proven you can run a scope and hit an exit.
- A loan of $1,000,000 or less. Above that number the full advance is not available regardless of track record.
Here is the part almost nobody expects: credit score does not gate the 100% advance. If you clear both conditions, your FICO is not what decides it. That is unusual, and it is the single most useful thing on this page for a working flipper with a thin or bruised credit file.
Miss either condition and your advance comes off the grid instead — up to 95%, set by projects completed and credit score.
The published advance grid
A fix and flip is always on the Bridge track. Below the full advance, your maximum LTV is a function of two things at once: projects you have closed, and your credit score. Find your row, then your column.
| Projects closed | 660–699 credit | 700–719 credit | 720+ credit |
|---|---|---|---|
| First-time investor | 70% | 75% | 80% |
| 1–2 projects | 75% | 80% | 85% |
| 3–5 projects | 80% | 85% | 90% |
| 6–9 projects | 85% | 90% | 93% |
| 10+ projects | 85% | 90% | 95% |
If your credit is under 660
The grid needs a 660. Below that we price off the asset class instead — the building carries the risk the score will not.
| Asset class | Max LTV | Asset class | Max LTV |
|---|---|---|---|
| Single-family | 90% | Storage | 65% |
| Multifamily | 80% | Mixed-use | 65% |
| Retail | 70% | Office | 60% |
| Industrial | 65% | Hospitality | 60% |
| Land | 55% |
ITIN holders and foreign national investors
With at least two completed U.S. projects and a FICO of 650 or higher, you may qualify for the same LTV terms as U.S. borrowers. Other eligible ITIN and foreign national investors may qualify for up to 70% LTV. Final LTV is subject to underwriting.
Priced on what it will be worth, not what it looks like
Most lenders price on current value. That is precisely the number you are about to change, which makes it the wrong basis for a rehab loan.
We price on three inputs together: the purchase price, the rehab budget, and the after-repair value. The purchase and the work sit in one facility, so the job does not stall in week six waiting on capital that has not arrived — which is the most common way a well-bought flip turns into a bad one.
The corollary is that the ARV has to be defensible and the rehab budget has to have a scope of work behind it. A budget with no scope, or an ARV that assumes the best comp on the street, is not a fundable file. That is not bureaucracy; it is the same discipline that keeps your own margin intact.
Six situations this was built for
- Classic buy, fix, sell. Acquire below market, run the scope, exit into the retail buyer.
- A deal that cannot wait 30 days. Funded in 24 to 48 hours — the fastest structure we write.
- Value-add multifamily. Unit turns and rent growth, then refinance into stabilization and hold.
- Rehab on a property you already own. The asset is yours; you need capital for the work, not the purchase.
- Volume flippers at 100%. Three projects done and a loan under $1M — bring the deal, not the down payment.
- Repositioning retail or office. Capex and re-tenanting, with the stabilization phase waiting on the other side.
Fix & Flip or F.L.E.X. 50™?
These are the two fastest products we write, and sponsors regularly ask which one fits. The answer turns on which constraint is actually binding — your paperwork or your advance rate.
| Fix & Flip | F.L.E.X. 50™ | |
|---|---|---|
| Max LTV | 100% at 3+ projects and ≤$1M, else up to 95% | Up to 50%, flat |
| Documentation | Full bridge file, scope of work, ARV support | Lite-doc — no tax returns, W-2s, or bank statements |
| Priced on | Purchase, rehab budget, and ARV | Asset value and exit strategy |
| Pricing | Sized to the deal and your track record | Flat 15%, 6 points |
| Credit | Sets your grid position — but not the 100% | No minimum FICO |
| Choose it when | Advance rate is what matters | Speed or documentation is the obstacle |
If you can assemble the file, Fix & Flip gives you dramatically more advance. F.L.E.X. 50™ exists for the cases where that file is not available in the time you have.
The exit is underwritten on day one
The term runs up to 24 months of bridge, then up to 36 months of stabilization — with no new application between the two.
This matters more than it sounds. Flips do not always sell. Sometimes the market turns, sometimes the finished numbers are better held than sold, and sometimes the retail buyer simply is not there in month nine. With Phase 2 already underwritten, deciding to keep the property is a conversation rather than a scramble — the loan moves into stabilization and you refinance into a longer structure on the property’s own income.
Compare that to a standard 12-month rehab loan where the exit is your problem alone at month ten.
Who qualifies
Eligible
- Investors buying and improving a property to resell or reposition
- Sponsors funding the work on a property they already own
- Entity and LLC borrowers on business-purpose transactions
- ITIN and foreign national investors
- Deals with a defensible after-repair value and a scoped rehab budget
- Experienced flippers — 3+ projects and a loan at or under $1M reaches 100% LTV
Not eligible
- RV parks and trailer parks
- Consumer-purpose or owner-occupied primary residence loans
- Loans under $100,000
- Deals without a credible exit or stabilization thesis
- Rehab budgets without a scope of work or a credible ARV
Frequently asked questions
Can I really get 100% financing?
Yes, on a fix and flip specifically, and only when two things are true: you have completed at least three projects, and the loan is $1,000,000 or less. Credit score does not gate the 100% advance. Outside that window your advance comes off the experience and credit table, which tops out at 95%.
Is the renovation budget included in the loan?
Yes. The purchase and the work sit in one facility, priced against the after-repair value — so the job does not stall waiting on separate capital.
What do you need to price it?
The purchase price, the rehab budget with a scope of work behind it, and a defensible after-repair value.
What if I decide to keep it instead of selling?
The loan moves into Phase 2 stabilization — up to 36 months, with no new application — and you refinance into a longer-term structure priced on the property’s income. Changing your mind is built into the product.
How fast is funding?
Approval in four hours and funding in 24 to 48 hours. Two-minute application to start, on a soft credit pull.
Can ITIN or foreign national investors get a fix and flip loan?
Yes. With at least two completed U.S. projects and a FICO of 650 or higher you may qualify for the same LTV terms as U.S. borrowers; other eligible investors may qualify for up to 70% LTV. Final LTV is subject to underwriting.
Sources
- CR Equity AI — Fix & Flip Program Terms — https://crequity.ai/programs/fix-and-flip
- CR Equity AI — F.L.E.X. 50™ Program Terms — https://crequity.ai/programs/flex-50
- CR Equity AI — Funding Options — https://crequity.ai/funding
Advance rates, pricing, and terms are subject to underwriting approval and executed loan documentation. Final LTV is determined at underwriting. This article is informational and is not a commitment to lend.