Built for speed and scale.
Our fix and flip loans finance your purchase and renovation in one loan: up to 90% of the purchase price, set by your credit score, plus 100% of the approved renovation budget, capped at 70% of ARV. Experienced investors who qualify for our Elite program can get up to 100% of the purchase price and renovation, capped at 75% of ARV. Interest-only, no prepayment penalty. Subject to underwriting and final approval.
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 loans are structured to maximize your buying power while minimizing out-of-pocket costs. In fact, Ternus offers highly competitive leverage in private lending — up to 75% ARV, with rehab financing for your renovation budget.
Every loan is structured interest-only with no prepayment penalty — you pay nothing extra for selling ahead of schedule.
Start Your Fix and Flip Loan Application
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Why investors choose Ternus fix and flip loans over traditional hard money.
Just straightforward lending
Underwriting on your credit score, purchase price, comparable sales, and your renovation scope. On loans up to $500,000, an on-site valuation replaces the traditional appraisal, so there’s no 10-day wait.†
Fast closings with in-house decisions
Streamlined underwriting and in-house decisions mean no loan committee approvals. Once title and documents are clear, we fund fast.
Led by lenders with $1.8B+ originated
Our leadership has originated over $1.8 billion in investment loans. In other words, we learned lending by funding thousands of deals, not from textbooks.
From application to funding your fix and flip loan.
Submit your fix and flip deal
Apply online with property details, purchase price, renovation scope, and estimated ARV. We’ll give you a fast, clear answer.
Review and sign your term sheet
Provide standard docs: proof of funds, entity documents, purchase contract, and a renovation budget. No tax returns or W-2s.
Close and fund your fix and flip loan
With clear title and documents in order, we move quickly to close and fund your loan. Funds are wired directly to the title company.
Renovate with draws
As you complete milestones, request a draw. Each draw is released after completed work is verified. Draw fee $250, paid by card.
Exit your loan
Sell and pay off your fix and flip loan with no prepayment penalty — or transition into a Ternus DSCR rental loan with up to 80% LTV.
Apply for your fix and flip loan in minutes.
†On loans up to $500,000, value and renovation budget are confirmed through an on-site valuation instead of a full appraisal. Loans above $500,000 require an appraisal and a minimum 660 FICO. Additional third-party review may be required. All loans subject to underwriting and final approval.
All loan products are subject to underwriting, final approval, and verification. Rates and terms are for discussion purposes only and may vary. Not a commitment to lend.