Fix and Flip Loans Built for Speed, Scale, and 100% Leverage
Up to 100% of purchase price + 100% of rehab budget, capped at 70% ARV. Interest-only, no prepayment penalty, draws released in 5 business days.
Up to 100% LTC
Up to 100% Rehab
Up to 70% ARV
Close quickly
Fix-and-Flip Loan Terms That Put Leverage in Your Hands
Whether you’re acquiring a distressed single-family home for a quick cosmetic flip or tackling a full gut renovation on a fourplex, our fix-and-flip program is structured to maximize your buying power while minimizing out-of-pocket costs. Ternus offers some of the most aggressive leverage in the private money lending space — up to 100% of the purchase price, with rehab financing that covers your full renovation budget.
| LOAN PARAMETER | DETAILS |
|---|---|
| Loan Amounts | $50,000 – $500,000 |
| Loan-to-Cost (LTC) | Up to 100% of purchase price |
| Rehab Coverage | Up to 100% of renovation budget |
| After-Repair Value (ARV) | Up to 80% |
| Interest Rate | Rates starting at 9.5% based on experience and LTC tier (interest-only) |
| Origination Fee | Starting at 0.5% |
| Loan Term | 12 months |
| Extension Fee | 1% (at lender’s discretion) |
| Interest Reserves (if needed) | 6 months + 10% of rehab budget |
| Eligible Properties | Single-family, 2–4 units, townhomes |
| Appraisal | Not required* |
| Credit Check | Not required* |
| Prepayment Penalty | None |
| Closing Speed | Closings as quick as 7 days |
| Entity Requirement | LLC, LP, Corporation, SDIRA, or 401(k) with individual guarantor |
Every fix-and-flip loan from Ternus is structured as interest-only with no prepayment penalty, meaning you pay nothing extra for selling ahead of schedule.
How 100% Financing Actually Works for Fix-and-Flip Investors
Most hard money lenders cap financing at 85–90% of the purchase price, forcing investors to bring 10–15% as a down payment plus additional capital for renovations. Ternus flips that model. On qualifying deals, we fund up to 100% of the acquisition cost and 100% of the rehab budget, subject to a maximum of 70% of the property’s after-repair value (ARV).
This is why experienced flippers target properties where the spread between acquisition + rehab costs and ARV is wide. The deeper the discount, the more likely you are to qualify for full 100% LTC financing from Ternus.
Qualification depends on the deal’s ARV-to-cost ratio, your track record as an investor, the property’s location, and the scope of renovations. To find out if your next deal qualifies, call (972) 755-1880.
Why Real Estate Investors Choose Ternus Over Traditional Hard Money Lenders
Just straightforward lending
Our underwriting team evaluates the deal based on purchase price, comparable sales, and your renovation scope. No waiting 10 days for an appraiser. No scheduling conflicts. No surprises.
Close quickly
When your title is clear, your entity documents are in order, and your proof of funds is ready, Ternus can fund your deal in approximately 7 days. This speed comes from our streamlined underwriting process and in-house decision-making — no loan committee approvals.
Rehab draws are released in 5 business days
Once your project is underway, accessing your renovation funds is simple. Submit photos of completed work and funds are typically released within a few business days. No third-party property inspections.
Built by investors who’ve funded billions
Our leadership team has collectively originated over $1.8 billion in real estate investment loans across multiple platforms. We didn’t learn lending from textbooks — we learned it from funding thousands of deals.
The Ternus Fix-and-Flip Loan Process from Application to Funding
Submit your deal
Complete our online application with your property details, purchase price, renovation scope, and estimated after-repair value. You’ll receive a preliminary term sheet often within hours.
Lock your terms
Provide standard documentation: proof of funds, entity documents, purchase contract, and a renovation budget. No tax returns. No income verification. No W-2s.
Close and fund
With clear title and documents in order, we close in as few as 7 business days. Funds are wired directly to the title company.
Renovate with draw-based funding
As you complete renovation milestones, request draws through our photo-verification system and receive funds within 5 business days.
Exit your loan
Sell the property and pay off the loan with no prepayment penalty. Or transition into a Ternus DSCR Long-Term Rental Loan with up to 80% LTV and 30-year terms.
Ready to Start Your Next Flip?
Up to 100% LTC. Streamlined underwriting. One lender, one phone call, one less thing standing between you and your next deal.