Refinance Your Construction or Fix & Flip Loan
The project is done. The expensive short-term debt does not have to stay. Take out your construction or flip note with 30-year DSCR financing, drop the payment, kill the balloon, and pull your equity back out for the next project.
From short-term pricing to as low as 5.75%
5.75%
Rate From
75-80%
Cash-Out LTV
Often none
Seasoning
5-14 days
Close In
The Takeout, in Three Steps
Finish and stabilize
Complete the build or rehab, get the CO, and lease the property (or document market rent). The property's income is what qualifies the new loan.
Refinance into 30-year DSCR
We pay off the construction or flip note and replace it with 30-year fixed (or interest-only) financing - no tax returns, no DTI, no balloon.
Cash out and start the next one
Pull equity up to 75-80% of the completed value and roll it into land, acquisition, or the next rehab. No loan-count cap.
Why Builders and Flippers Refinance with Us
Construction and flip debt is a tool with an expiration date. It carries double-digit-adjacent pricing, interest reserves, draw fees, and a maturity that does not care whether the market is giving you a good exit. Every month past stabilization that you sit on short-term debt, you are paying a premium for money that already did its job.
The takeout is simple: once the property has a CO and a tenant - or documented market rent - we refinance the note into a 30-year DSCR loan that qualifies on the property's income. No tax returns, no W-2s, no DTI. Fixed or interest-only. The balloon disappears, the payment drops, and the property starts working as a rental instead of a liability on a clock.
For flippers deciding whether to sell or hold, the math has changed: instead of selling and losing a chunk of the gain to taxes and closing costs, refinance at up to 75-80% of the completed value, pull your rehab equity back out tax-deferred, and keep the asset. Because we have no cap on financed properties, every project you complete can roll into long-term debt while the recovered cash funds the next one. That cycle is how building and flipping operations turn into portfolios.
From a maturing construction note to 30-year DSCR, equity back out
A builder finished a new single-family rental in Broward County with a construction loan coming due. We refinanced into a 30-year DSCR loan at 75 percent of the completed appraised value, paid off the note before maturity, and returned the builder's equity for the next lot - closing in 12 days with no tax returns.
Illustrative scenario based on typical program terms. Every deal is priced individually.
Construction & Flip Takeout FAQ
How do I refinance a construction loan into a long-term rental loan?
Once the build or rehab is complete and the property has a certificate of occupancy and a lease (or market-rent support), we refinance the construction note into a 30-year DSCR loan. Qualification is based on the property's rental income - no tax returns, no W-2s, no DTI. Most takeouts close in 5 to 14 days.
Can you take out my fix & flip loan if I decided to keep the property?
Yes. Flip-to-hold is one of the most common moves we finance. Instead of selling and paying tax on the gain, refinance into long-term DSCR debt, rent the property, and pull your rehab equity back out to fund the next project.
Do I need to wait for seasoning after completing the project?
Often no. On a completed value-add where the work is documented, we can frequently use the new appraised value without waiting through a 6-12 month seasoning period. That means your cash-out is based on what the property is worth now, not what you paid.
How much can I cash out at takeout?
Up to 75-80% LTV of the completed appraised value, depending on the program. On a successful build or heavy rehab, that usually pays off the construction note and returns a meaningful piece of your equity for the next deal.
What rate should I expect coming off construction debt?
Long-term DSCR rates currently start around 5.75% on strong files. Compared to construction or flip pricing - and the extension fees that come with an expiring note - the payment relief is immediate.
I build or flip several projects a year. Is there a loan limit?
No. We have no cap on the number of financed properties, so every completed project can roll into long-term debt while you start the next one. That is how a building or flipping operation becomes a rental portfolio.
Coming off hard money instead? Refinance a hard money loan · Want maximum equity out? DSCR cash-out refinance
Take out the construction loan. Keep the asset.
30-year DSCR takeout with cash-out up to 75-80% LTV. Minimal docs, fast close, no loan caps.