What Is a Fix & Flip Loan?
You find the opportunity. We fund it.
Whether you’re a first-time flipper with a solid plan or a seasoned investor juggling multiple projects, this loan is built around how real estate investors actually work — not how a bank thinks they should.
Bookend Lending LLC brings the Lendsure Fix & Flip loan to NH investors as an independent mortgage broker. We know the NH market, we know the product, and we’ll tell you straight whether your deal makes sense before you formally apply.
Program Highlights
| Feature | Detail |
|---|---|
| Lender | Lendsure Mortgage Corp., NMLS #1326437 |
| Loan Amounts | Up to $3,000,000 |
| Min. Credit Score | 660 |
| Purchase Financing | Up to 90% of purchase price |
| Renovation Financing | Up to 100% of renovation/construction costs |
| Total Loan Maximum | Up to 90% of total cost, or 70% of After Repair Value (ARV) — whichever is less |
| Loan Term | 12 months, interest-only |
| Income Documentation | Not required — no DTI, no income analysis |
| Occupancy | Non-owner occupied only |
| Property Types | Single family, 2–4 unit multifamily, condos, townhomes, PUDs |
| Entity Closing | Can close in an LLC |
| Exit Strategy | Buy, renovate and sell — or buy, renovate and hold (refinance to DSCR) |
| Investor Experience | Any level welcome — seasoned investors may qualify for more favorable terms |
Who Is This For?
The Fix & Flip loan works for a wide range of NH investors:
- First-time flippers with a solid deal and a renovation plan
- Contractor-turned-investors who bring their own renovation skills to the table
- Serial flippers running multiple projects at once
- Strategic investors who buy, renovate, and hold as rentals — then refinance to a DSCR loan once the property is stabilized
- Investors using an LLC to hold and manage their properties
Unlike conventional financing, this loan is evaluated on the deal — the property, the scope of work, the after-repair value, and your experience. No W-2s. No tax returns. No debt-to-income calculation.
If you’re looking to fix & flip and want to add an accessory dwelling unit to a property you own, this same loan can fund the renovation, the ADU construction, or both — under a single loan, with funds released in stages as the work is completed. An ADU can widen your buyer pool on a sale, or add a second rental income stream if you’re holding.
ADU eligibility depends on local zoning, lot size, and town-specific rules — this varies block to block in some NH towns, so it’s worth a call to talk through what’s realistic for the property you have in mind.
How the Draw Process Works
Renovation funds are disbursed in stages as work is completed — not all at once upfront. Here’s how it works:
- Staged Disbursements The renovation loan is disbursed in stages tied to significant milestones in the renovation process. This ensures funds are used efficiently and for their intended purpose.
- Draw Requests When a stage of construction is completed, you submit a draw request to Lendsure with documentation of the work completed — including inspections and paid invoices.
- Review and Approval Lendsure reviews each draw request, verifying completion of work through required documentation including title rundowns and additional inspections. This ensures the project is progressing as planned.
- Reimbursement Upon approval of the draw request, you are reimbursed for the completed work. Funds are typically released quickly so your project keeps moving.
The Loan Process — Fast by Design
The Fix & Flip loan process is built for speed. Unlike a conventional mortgage, there’s no full loan application, no loan estimate, and no TRID disclosures. Here’s how it flows:
- Application A simplified application, significantly shorter than a standard mortgage application.
- Term Sheet Decisions and term sheets issued in hours, not days.
- Signed Term Sheet and Documentation You review and return the signed term sheet with any required documentation.
- Underwriting Credit and background reports run, purchase contract and scope of work collected, appraisal ordered, title and entity documents reviewed, assets verified, insurance confirmed.
- Clear to Close
- Funding
This is a great alternative to high-cost hard money loans — with the backing of a national wholesale lender and the local knowledge of Bookend Lending LLC.
The After Repair Value — Why It Matters
The total loan amount on a Fix & Flip is capped at 70% of the After Repair Value (ARV) — what the property will be worth once renovations are complete. This is the number that drives the deal.
Before you formally apply, Bookend Lending will review your project and help you understand where you stand. If the deal makes sense against the ARV, we bring it to Lendsure. If it doesn’t, we’ll tell you that too — no wasted time, no runaround.
Buy, Renovate, Hold — The DSCR Exit
Not every flip ends in a sale. Some of the best NH investor strategies involve buying a distressed property, renovating it to rental-ready condition, and then refinancing into a long-term DSCR (Debt Service Coverage Ratio) loan once the property is stabilized and rented.
The Fix & Flip loan supports this exit strategy. If you’re planning to hold rather than sell, let Renée know upfront — the deal structure and loan terms can be set up with that path in mind.
A Note About These Loans
Fix & Flip loans are investor products — they are not designed for someone buying a home to live in. These are non-owner occupied investment property loans only. If you’re looking to purchase and renovate a home you plan to live in, we have other options — the FHA 203(k) and Conventional HomeStyle renovation loans may be a better fit. Learn more about renovation loans here.
Ready to Talk About Your Deal?
Bookend Lending LLC is your local NH broker for Lendsure Fix & Flip financing. Bring us your deal — the property address, your purchase price, your renovation scope, and your target ARV — and we’ll tell you whether it works before you ever formally apply.