Funding for Fix & Flips, Rental Properties, & Commercial Projects
At Patch of Land, we can fund your first loan in as little as 7 days. Whether you’re looking for capital for a fix & flip, rental, or commercial property, we have a program to meet your needs. Once you’ve funded your first loan, faster approval times and more financing options can make the process even easier for future loans.
| Find the Program that's right for your project: | Fix & Flip Loan Program | Rental Loan Program | Commercial Loan Program |
|---|---|---|---|
|
Loans for rehab properties
Up to 12 month loan terms Up to 85% LTV and 70% ARV |
Loans for rental properties
24 month loan terms Rent coverage ratio of 1.25x |
Loans for commercial properties
Up to 12 month loan terms Available in 44 states |
Fix & Flip |
Short-Term Rental |
Long-Term Rental |
Commercial |
Ground-Up Construction |
|
| Project Type | Single Family Residential 2-4 Unit Residences Condominiums Townhomes Multi-Family Apartments Mixed Use Buildings (min. 50% residential) Small Commercial |
Single Family Residential 2-4 Unit Residences Condominiums Townhomes Multi-Family Apartments Mixed Use Buildings (min. 50% residential) |
Single Family Residential 2–4 Units Condominiums |
Multi-Family (5+ Units) Mixed Use Office Retail |
Single Family Residential 2–4 Units Condominiums Multi-Family (5+ Units) |
| Loan Amount | $75,000 to $3,000,000+ | $75,000–$3,000,000+ | $75,000–$5,000,000 | $250,000–$5,000,000 | Up to $5,000,000 |
| Loan to Value (LTV) | Up to 85% on Purchase Up to 75% on Refinance |
Up to 75% | Up to 80% on Purchase Up to 75% of R/T Refinance Up to 65% on Cashout |
Up to 80% | Up to 70% |
| Rent Coverage Ratio | N/A | 1.25x | N/A | 1.1x | N/A |
| Loan Term | 12 Months (No Prepayment Penalty) |
24 Months (With 1 Year Extension Option) |
5/1 ARM, 10/1 ARM, 30-Year (Interest-Only Option) |
12 Months (No Prepayment Penalty) |
12 Months (No Prepayment Penalty) |
| Minimum FICO | 600 | 600 | 620 | 600 | 600 |
| Interest Rate | From 7.5% | From 7.5% | From 5.99% | From 8.5% | From 9.25% |
| Proceed Usage | Purchase Refinance Renovation Bridge Cashout |
Purchase Refinance Bridge Cashout |
Purchase Refinance Cashout |
Purchase Refinance Renovation Bridge |
Ground-Up Construction |
Fix & Flip |
|
| Project Type | Single Family Residential 2-4 Unit Residences Condominiums Townhomes Multi-Family Apartments Mixed Use Buildings (min. 50% residential) Small Commercial |
| Loan Amount | $75,000 to $3,000,000+ |
| Loan to Value (LTV) | Up to 85% on Purchase Up to 75% on Refinance |
| Rent Coverage Ratio | N/A |
| Loan Term | 12 Months (No Prepayment Penalty) |
| Minimum FICO | 600 |
| Interest Rate | From 7.5% |
| Proceed Usage | Purchase Refinance Renovation Bridge Cashout |
Short-Term Rental |
|
| Project Type | Single Family Residential 2-4 Unit Residences Condominiums Townhomes Multi-Family Apartments Mixed Use Buildings (min. 50% residential) |
| Loan Amount | $75,000–$3,000,000+ |
| Loan to Value (LTV) | Up to 75% |
| Rent Coverage Ratio | 1.25x |
| Loan Term | 24 Months (With 1 Year Extension Option) |
| Minimum FICO | 600 |
| Interest Rate | From 7.5% |
| Proceed Usage | Purchase Refinance Bridge Cashout |
Long-Term Rental |
|
| Project Type | Single Family Residential 2–4 Units Condominiums |
| Loan Amount | $75,000–$5,000,000 |
| Loan to Value (LTV) | Up to 80% on Purchase Up to 75% of R/T Refinance Up to 65% on Cashout |
| Rent Coverage Ratio | N/A |
| Loan Term | 5/1 ARM, 10/1 ARM, 30-Year (Interest-Only Option) |
| Minimum FICO | 620 |
| Interest Rate | From 5.99% |
| Proceed Usage | Purchase Refinance Cashout |
Commercial |
|
| Project Type | Multi-Family (5+ Units) Mixed Use Office Retail |
| Loan Amount | $250,000–$5,000,000 |
| Loan to Value (LTV) | Up to 80% |
| Rent Coverage Ratio | 1.1x |
| Loan Term | 12 Months (No Prepayment Penalty) |
| Minimum FICO | 600 |
| Interest Rate | From 8.5% |
| Proceed Usage | Purchase Refinance Renovation Bridge |
Ground-Up Construction |
|
| Project Type | Single Family Residential 2–4 Units Condominiums Multi-Family (5+ Units) |
| Loan Amount | Up to $5,000,000 |
| Loan to Value (LTV) | Up to 80% |
| Rent Coverage Ratio | N/A |
| Loan Term | 12 Months (No Prepayment Penalty) |
| Minimum FICO | 600 |
| Interest Rate | From 9.25% |
| Proceed Usage | Ground-Up Construction |
