Fix & Flip / Bridge
We buy fix & flip and bridge loans.
Rehab and bridge loans at any stage, including partially drawn loans with rehab money still to fund.
For private lenders and debt funds that want their capital back to fund the next project.
- No minimum
- Bid within 24 hours
- Servicing released or retained
Buy box
Fix & flip and bridge buy box
| Property types | 1-4 family; multifamily to 25 units; mixed-use to 10 units with at least 50.01% residential. |
|---|---|
| Loan stage | Newly funded or partially drawn. We buy loans with draws still to fund. |
| Leverage | Loan-to-cost and as-is and after-repair loan-to-value limits, by borrower experience tier, per our matrix. |
| Rehab and holdback | Rehab scope, Dutch or non-Dutch interest and interest reserves, per our matrix. A budget and draw schedule must be in the file. |
| Guidelines | The full matrix is shared with approved sellers. |
How we review
Valuation, budget and every condition, reviewed in full.
After you accept our bid, our AI underwriting reviews the entire file (the as-is and after-repair valuation, the rehab budget and draw schedule, and every loan condition) and our underwriters clear it. That is how diligence clears fast and we close what we commit to.
Fit
What sells well, and what gets kicked out
Sells well
- A clear budget and draw schedule that match the scope of work
- Draw history and inspection reports for partially drawn loans
- An AMC appraisal with both as-is and after-repair values
- Borrower experience documented in the file
Gets kicked out
- Subordinate financing behind the loan
- An appraisal that didn't come through an AMC, or units not inspected
- A budget the scope of work can't support
- No record of what has already been drawn
Draws after the sale
Who funds the rest of the rehab after we buy?
Partially drawn loans are a normal trade here. After purchase, CorrFirst funds the remaining draws, so your borrower's next draw is never in question.
Remaining rehab money
CorrFirst funds the undisbursed holdback after purchase.
Draw requests
The borrower or the seller can request a draw.
Inspections
We order a third-party inspection. Once it is reviewed and approved, we release the draw to the borrower.
What you hand over
The budget, draw schedule, draw history, inspection reports, remaining holdback balance and servicer details.
What to send
What to send, and when.
Submit a tape (Excel/CSV or your loan system's export) or register loans in the CorrFirst seller portal.
To get a bid: tape fields or portal registration
- Loan ID, property address and property type
- Original and current balance, note rate and maturity
- As-is value, and after-repair value where there is one
- Lien position, occupancy and loan purpose
- Borrower credit score and experience
- Payment status and days delinquent
- Total holdback, amount drawn and amount remaining
After you accept: the loan file and collateral documents
- Note, mortgage or deed of trust, and any modifications
- Appraisal, through an AMC with a local appraiser
- Title policy or commitment, and evidence of insurance
- Closing statement and loan approval or conditions
- Borrower and entity documents, including any guaranty
- Payment history and current servicer information
- Rehab budget, draw schedule and draw history
Submit a tape (Excel/CSV or your loan system's export) or register loans in the CorrFirst seller portal. Approved sellers receive our tape template and collateral file checklist.
Become a SellerCommon questions
Fix & flip and bridge questions
Do you buy partially drawn loans?
Do you buy loans on multifamily and mixed-use rehabs?
Will you look at loans past their original maturity?
What matters most in the file?
Loans we buy
Other loans we buy
Ground-Up Construction
New construction up to 10 units, including multifamily and mixed-use.
See the buy boxDSCR & Investor
Rental loans qualified on property cash flow, long-term and short-term rentals.
See the buy boxSmall-Balance Commercial
Multifamily to 25 units and mixed-use to 10 units, $300K to $5M.
See the buy boxSpecialty / Hard-to-Place
Rural, acreage, modular, manufactured, bailouts and foreign nationals.
See the buy boxNon-QM
Bank-statement, alt-doc and other non-QM residential loans.
See the buy boxSeasoned & Performing Portfolios
Seasoned books from private lenders ready to recycle capital.
See the buy boxNext step
Have a fix & flip loan to sell?
Submit a tape or register loans in the seller portal. Bid within 24 hours.
