Fix and Flip Loans in Washington, DC
RevitaLending makes fix and flip loans in all eight wards of Washington, DC, our home market. We are a direct lender, not a broker, and we fund each loan with our own private capital: $50,000 to $2M, rates from 10.49% to 12.99%, up to 100% of the rehab budget and no minimum FICO, with written approval in 24 hours. No appraisal needed. We value and inspect the property ourselves.
Photo: Ser Amantio di Nicolao, CC BY 3.0, cropped
DC fix and flip loan terms
One loan covers the purchase and the renovation. The team that approves your loan is the team that funds it.
- Loans from $50,000 to $2M
- Rates from 10.49% to 12.99%, subject to underwriting; points quoted per deal
- Up to 100% of the rehab budget, plus generally up to 80–85% of the purchase price, with the total loan up to 70% of after-repair value (ARV)
- Up to 100% of purchase and rehab when purchase plus rehab is 65% of ARV or less (loan over $500,000, experienced borrower)
- No appraisal needed. We value and inspect the property ourselves
- No minimum FICO, no tax returns and no debt-to-income ratio
- Written approval within 24 hours; clean files close in as little as 3 business days
- Draws funded within 24 to 48 hours of inspection
- No prepayment penalty; fix & flip loans carry a 3-month minimum interest
- 6–12 month terms, interest-only
- First-time flippers considered
- 1–4 unit residential, condos, townhomes and small multifamily; individuals, LLCs and corporations
Business-purpose loans on non-owner-occupied investment property. Rates, terms and leverage are subject to underwriting and change. Not a commitment to lend.
What DC flips look like
We lend in every ward, from Petworth and Brookland to Capitol Hill, Georgetown and the neighborhoods east of the Anacostia River.
Rowhouse renovations
Most DC flips start with a dated rowhouse that needs systems, kitchens and baths. The loan is sized on your purchase price, your rehab budget and recent finished sales nearby.
Basement units
Many rowhouses in Shaw, Bloomingdale, Columbia Heights and Petworth gain a legal basement apartment as part of the renovation. Confirm zoning and allowed units first, and put the work in the budget.
Historic districts
Exterior changes on Capitol Hill and in Shaw, Mount Pleasant and Georgetown go through historic preservation review before permits are issued. Plan the review into your schedule and your loan term.
Permits
DC building permits are issued by the Department of Buildings (DOB). Budget the permit time before you set a closing date and a resale date.
DC checks for flippers
- If the house has tenants, the Tenant Opportunity to Purchase Act can change your purchase timeline
- Include DC recordation and transfer taxes in your numbers; both go up with the price
- Vacant and blighted properties are taxed at higher rates in DC, so confirm the property’s classification with the Office of Tax and Revenue
General information, not legal or tax advice. Rules change, so confirm with your attorney, title company and the District.
First-time and experienced DC flippers
First-time flippers are considered. The loan is sized on the project and your exit, not your personal income. Experience affects leverage and pricing, and the 100% loan-to-cost option is reserved for experienced borrowers. If you have an off-market DC deal under contract but not the capital, every part of the District sits inside the Capital Beltway, so it may also fit our JV program.
How much can you borrow on a DC flip?
Three limits apply, and the lowest one sets the loan: generally up to 80–85% of the purchase price, up to 100% of the rehab budget, and a total loan of up to 70% of the after-repair value.
Example
Purchase price $300,000, rehab budget $80,000, after-repair value $500,000. Purchase funding at 80–85% is $240,000 to $255,000, plus $80,000 of rehab, for $320,000 to $335,000. That is under the typical 70% ARV limit of $350,000, so you would bring roughly $45,000 to $60,000 plus closing costs.
Illustrative examples using our published ratios, not real deals and not a quote. Every loan is subject to underwriting.
How rehab draws work
The purchase is funded at closing. The rehab budget is held back and released in draws as work is completed and verified, on a budget and draw schedule agreed at closing. Draws are funded within 24 to 48 hours of inspection.
What to send us
- The property address and purchase price
- Your rehab budget, line by line if you have it
- The after-repair value you expect, with comparable sales
- Your exit: sell, or refinance and hold
- Your closing date and any completed projects
Related: DC hard money loans, fix & flip loans, new construction loans, DSCR rental loans to hold the finished property, loans with no appraisal and how ARV and LTC work.
DC Fix and Flip Loan Questions
Do you make fix and flip loans in Washington, DC?
What are the rates on a DC fix and flip loan?
How much of the purchase and rehab do you lend in DC?
Can I finance a basement unit conversion?
Do historic districts change the loan?
Is there a minimum credit score?
How fast can you close a DC fix and flip loan?
Do I need an appraisal?
How do rehab draws work?
Is there a prepayment penalty?
Also flipping nearby: Maryland fix and flip loans · Virginia fix and flip loans
Have a Flip in DC?
Send the address and your numbers. Written terms within 24 hours.