Rehab refinance
Halfway through the rehab? Refinance it.
If your lender has stopped funding draws, your loan is coming due, or you want better terms for the rest of the job, we pay off the current loan and fund the rehab that’s left. Same leverage rules as a purchase.
Rather talk it through? Call +1 (305) 857-5620
Do I qualify?
Five quick answers. No credit check, nothing saved.
Terms are subject to underwriting, appraisal, title, and insurance.
Who it's for
Flips that need a new lender.
Your draws have stopped
Your loan is coming due
You want better terms for the finish
How leverage works
Same rules as a purchase.
Measured on the purchase price plus rehab already paid, with the remaining rehab funded by draw and the after-repair value as the outer limit.
Fictional scenario
Example: a rehab halfway done
An investor with 3 completed flips bought a house, has spent part of the rehab budget, and the current lender has stopped funding draws.
- Purchase price
- $260,000
- Rehab already paid
- $40,000
- Rehab left to do
- $50,000
- Owed to current lender
- $250,000
- After-repair value
- $450,000
What the loan looks like
- Initial advance at closing85% of purchase plus rehab already paid
- $255,000
- Pays off the current lender
- $250,000
- Rehab budget, released by draw100% of the remaining budget
- $50,000
- Total loan
- $305,000
- Share of after-repair value
- 68%
Sized by our pricing engine for this made-up deal, before closing costs. Your rate and final numbers come from your own term sheet.
What we need
Five documents to start.
Send them with your application and we can size the loan right away.
Payoff letter
From your current lender, with a good-through date.
Draw history
Every draw funded so far.
Purchase documents
The settlement statement from when you bought.
Remaining budget
The work that's left, line by line.
Property photos
Recent, showing where the rehab stands.
How fast we close
From payoff letter to new draws.
Term sheet
In about 2 hours on average, from a complete file.Approval
Most loans are fully approved in 5–7 business days.Closing
5–10 business days. We pay off your lender at closing.Draws resume
Typically funded within 1 business day of each inspection.
Recent close
A flip we funded lately.
A recent fix and flip close
Fix and flip, West Haven, CT
- Closed in
- 7 days
- Financed
- 90% of the purchase and 100% of the rehab
Questions
Rehab refinance questions, answered.
Something not covered here? Email info@fundedcapital.com or call +1 (305) 857-5620.
Can I refinance a fix and flip loan in the middle of the rehab?
How is a rehab refinance sized?
My lender stopped funding draws. What do I do?
What do you need to get started?
How fast can you close?
Will the new loan give me more time?
What credit score do I need?
Can I refinance into a rental loan instead?
Send us the deal.
The application takes about five minutes. A loan officer reads it and sends a written term sheet.