Yes — Renovation/Fix & Flip is an eligible use of the Luminate Bank Interim Renovation Loan. Finance purchase plus rehab, then sell or refinance when work is done.
Fix-and-Flip With an Interim Construction Loan | The 2 Mortgage Guys
Yes — Renovation/Fix & Flip is an eligible use of the Luminate Bank Interim Renovation Loan. Finance purchase plus rehab, then sell or refinance when work is done.
Can I Use an Interim Construction Loan for a Fix-and-Flip Property?
Built for Investors Who Buy, Renovate, and Exit
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Frequently Asked Questions
Planning a Fix-and-Flip?
Yes. The program specifically identifies Renovation/Fix & Flip as an eligible use, making it a popular financing option for real estate investors.
Many permanent renovation mortgages are designed for owner-occupants who keep the long-term loan. The Luminate Bank Interim Renovation Loan is different — it is classified as a renovation and fix-and-flip product, so investors can finance purchase (or refinance) plus major rehab on a short-term, interest-only note.
After closing, renovation funds sit in escrow and release through construction draws as work is inspected. You make interest-only payments during the construction period, then pay off the interim loan by selling the flipped property or refinancing into permanent financing.
Ryan and Steve help flippers map scope, draw cadence (up to two draws per month), and exit timing against program guidelines before you lock in an interim construction structure.
Short-term structure, escrowed rehab funds, and a clear exit — not a permanent mortgage you never intended to keep.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will review your acquisition, rehab budget, and sale or refinance exit against Luminate Bank Interim Renovation Loan guidelines.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.