Best Fix And Flip Wholesale Lenders

Best Fix And Flip Wholesale Lenders In 2025

January 14, 2025

Produced by:
Carmel Woodman

With over 8 years of expertise, Carmel brings a wealth of knowledge as the former Content Manager at a prominent online real estate platform. As a seasoned ghostwriter, she has crafted multiple in-depth Property Guides, exploring topics such as real estate acquisition and financing. Her portfolio boasts 200+ articles covering diverse real estate subjects, ranging from blockchain to market trends and investment strategies.

Reviewed by:
Richard Stevens

Richard Stevens is an active real estate investor with over 8 years of industry experience. He specializes in researching topics that appeal to real estate investors and building calculators that can help property investors understand the expected costs and returns when executing real estate deals.

Fix and Flip Wholesale Lender

A fix and flip wholesale lender is a specialized financial institution or private lender (including hard money lenders) that provides funding to real estate investors focusing on fix and flip projects, in the form of fix and flip loans. These investors purchase undervalued properties, renovate them to increase their value, and resell them for a profit. Wholesale lenders often partner with mortgage brokers or correspondents to distribute fix and flip loan products more broadly, allowing them to maintain competitive terms for borrowers while reaching a wider audience.

Fix and flip wholesale lenders cater specifically to the short-term financing needs of real estate investors doing fix and flip projects. Their fix and flip loan products are designed to support both the acquisition of properties (purchase price) and the costs of necessary renovations. Unlike traditional lenders, the fix and flip loans provided by these lenders prioritize the investment property’s potential After-Repair Value (ARV) rather than relying heavily on the borrower’s credit history or income. This focus on ARV allows investors to access fix and flip loans based on the future profitability of their projects rather than their current financial standing.

One of the standout features of fix and flip wholesale lenders is their speed. These lenders understand that real estate investors need to act quickly to secure good deals on undervalued properties, often competing in fast-paced markets. To meet these needs, wholesale lenders offer a streamlined approval process on fix and flip loans, with many providing funding in as little as a few days.

Another advantage of these lenders is their flexibility. Fix and flip loans typically come with interest-only payment options, which help investors manage cash flow during the renovation phase. This structure allows borrowers to allocate more of their resources toward improving the investment property and ultimately increasing its resale value.

Best Fix And Flip Wholesale Lenders

Lender 1: New Silver

New Silver

New Silver stands out as a leading lender specializing in fix and flip loans and ground up construction loans, offering some of the fastest funding options in the industry. With loans closing in as little as 5 days, New Silver provides real estate investors with the speed and efficiency they need to stay competitive in a fast-moving market, particularly for those doing fix and flip projects.

Beyond direct lending, New Silver also operates as a wholesale lender through its tailored Partner Program, designed for brokers and lenders with expertise in underwriting and servicing loans. This program is ideal for professionals with a proven track record in lending who are looking to expand their offerings using hard money lenders. Participants in the Partner Program gain access to complimentary white label software that streamlines the loan origination process, while taking responsibility for marketing, underwriting, asset management, servicing, and collections. Partners earn competitive compensation, including origination fees and a portion of the monthly interest.

New Silver’s Partner Program provides brokers and lenders with reliable access to capital (fix and flip loans and ground up construction loans) while enabling them to offer borrowers the full benefits of New Silver’s loans. These include instant online approvals, instant term sheets and proof of funds—all designed to simplify the borrowing process and create a seamless experience for investors. With these advantages, New Silver solidifies its position as a top choice for fix and flip loan and wholesale lending solutions.

 

Lender 2: RCN Capital

RCN Capital is a private lender offering a variety of real estate financing solutions for real estate investors, including fix and flip loans, bridge loans, and long-term rental property hard money loans. These hard money loans range from $50,000 to $5 million, supporting projects that include single-family homes and multi-unit residential properties.

RCN Capital’s wholesale program allows mortgage brokers and lenders to access their loan products and expand their offerings. The program includes support with underwriting and loan servicing, as well as tools to facilitate the lending process.

The program is designed to serve a range of investor profiles and offers funding options for time-sensitive real estate projects. Brokers and lenders participating in the program take on marketing and client relationship responsibilities while gaining access to RCN Capital’s suite of products

Lender 3: Rehab Financial Group

Rehab Financial Group provides a wholesale program targeted at brokers and mortgage loan officers, offering an option to expand their lending services. The program’s central feature is the 100% Premier Portfolio loan, which covers up to 100% of purchase and renovation costs (including the purchase price), capped at 70% of the property’s After Repair Value (ARV). Loan types supported include the fix and flip loan product, refinances, and purchase loans, aimed at meeting the needs of real estate investors.

The program offers a closing process that is typically under 14 days, which can be helpful for time-sensitive projects. Brokers using this program can access tools to track loan pipelines and commissions, along with competitive compensation and flexible payment options.

Lender 4: Lima One

Lima One’s wholesale program focuses on providing product diversity and technology-driven solutions for real estate investors. The program collaborates with over 300,000 NMLS-certified agents, aiming to reach a wide range of investors with a broad suite of loan products.

Lima One offers several financing options, including bridge loans, fix and flip loan products, stabilized multifamily loans, and new construction financing. Their offerings also include adjustable-rate mortgages (ARMs) and interest-only options, designed to accommodate different investment strategies and cash flow needs.

The program is structured to support brokers and lenders in delivering these loan products to real estate investors while providing tools and resources to streamline the process.

Choosing The Right Fix And Flip Wholesale Lender For Your Business

Choosing the right fix and flip wholesale lender can make all the difference for your business and the real estate investors who require funding. These lenders not only provide the capital needed to complete projects but also enable real estate investors to move quickly, compete effectively, and maximize their profits.

Here are four actionable tips to help you make the best choice:

Fix and flip loans

Tip 1: Evaluate Products, Terms and Services

The most important consideration is whether the lender offers a product or product mix that fits your business needs. Pay close attention to the quality and speed of their process, including disclosures, underwriting, closing, and funding. Ensure their product and service offerings align with your business goals and can support the scale of your investments. For example, if your business needs revolve around fix and flip loans, then you should look for a lender specializing in fix and flip loans.

Don’t forget to consider factors like prepayment penalty rules. A prepayment penalty can impact a borrower’s profitability, by paying a prepayment penalty on a refinanced property. Look for lenders with flexible terms that align with your exit strategies, such as no or minimal loan prepayment penalty options.

Tip 2: Assess Technology Offerings

Technology is an essential component of efficient service. A lender with robust technology can simplify the loan process for you and your borrowers, making it easier to close deals quickly. Look for lenders that offer tools to streamline loan processing and enhance the overall experience for brokers and investors. Avoid lenders whose systems create unnecessary delays or complications.

Tip 3: Look for Long-Term Commitment

Price, technology, and service are essential, but a lender’s commitment to long-term broker success is equally important. Consider whether the lender offers ongoing support, reliable partnerships, and opportunities to grow with your business. Short-term benefits may not outweigh the challenges of working with a lender who lacks stability or long-term vision.

Tip 4: Check Reliability

A lender’s reputation and track record are key indicators of their reliability. Research their online reviews on platforms like Better Business Bureau (BBB) and Google Reviews, and ask for recommendations from other investors. Additionally, review their portfolio and look for testimonials or case studies that demonstrate experience with similar projects. Reliable lenders consistently deliver on their promises, ensuring smoother transactions for you and your clients.

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