Fix-and-flip loans from a lender that funds them every month.
Purchase and renovation capital on 1 to 4 unit investment property, with a draw process built for a project that has to be bought, fixed, and sold on a schedule.
Residential is our second audience. It is not a side business.
Cleary closes roughly ten fix-and-flip loans a month alongside its commercial book. Investors get the same underwriter, the same term sheet, and the same answer at the first station: yes, or a clear no.
We do not write residential mortgages. If you will live in the house, this is not the loan, and we will say so before you spend time on an application.
Built for the project, start to sale.
- Purchase plus renovation
One loan for the acquisition and the rehab budget, with the rehab released in draws.
- Renovation of a property you own
Capital for the work on a house already in the portfolio, secured by the property.
- Bridge on a rental
Short-term debt on a 1 to 4 unit rental while it is repositioned or refinanced.
- Ground-up infill
Small residential builds for investors, handled by our construction program.
- Small portfolios
Several investment houses under one loan for an active operator.
- Repeat borrowers
Investors who close several projects a year get a process that gets shorter each time, not longer.
Parameters
- Loan amount
- From $250,000
- Property
- 1 to 4 unit residential held for investment
- Use
- Purchase, renovation, bridge, small portfolios
- Geography
- All fifty states
- Term
- Short-term, matched to the renovation and sale timeline
- Pricing and leverage
- Quoted per project in the term sheet
- Borrower
- Investors and entities borrowing for business purposes
- Not offered
- Loans on a home the borrower will occupy
How a fix-and-flip loan closes.
Request terms
Property type, loan type, amount, and location. That is all we need to start.
Term sheet
We come back with structure and pricing for that deal, in writing, or with a clear no.
Underwriting
Appraisal, title, and borrower documents. We set the checklist with you, not after you.
Close and fund
From our fund when the loan fits it, with our capital partners when it does not.
Request terms.
Four facts get a real answer: property type, loan type, loan amount, and location. Send them and we reply with structure, or with a plain no.
- ReviewWe read the property and the four facts first. Not a form letter, not a credit pull.
- TermsYou hear back with the structure and pricing that fits the deal, in writing.
- UnderwritingAppraisal, title, and borrower documents, on a timeline agreed with you.
- FundingClosed from our fund, or with our capital partners when the loan sits outside it.