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Fix & Hold Loans

Fix & Hold Loans

Buy, renovate and keep the property as a rental. Finance the purchase and the rehab, then move into a 30-year rental loan, with one closing or two.

Credit score600Minimum, as low as
Rehab financed100%Of the budget, paid in draws
After rehab30 yrFixed-rate rental loan
Refinance80%Up to, of the new appraised value
Two ways to finance it

Choose one closing or two

We match your plan to the right structure across our lending partners, so you are not refinancing with a lender who has never seen the property.

Single close

One loan covers the purchase and rehab, then converts to a 30-year rental loan. One application, one set of closing costs.

Rehab, then refinance

A short-term rehab loan now, then a rental loan once the work is done. Some lenders refinance with no seasoning period.

BRRRR investors

Buy, rehab, rent, refinance and repeat, pulling equity out to fund the next property.

Single-family homes

Detached homes and townhomes renovated for long-term rental.

2–4 unit properties

Small multi-unit properties renovated and leased up.

Short-term rentals

Renovations planned for Airbnb or VRBO, qualified on projected income.

Program terms

Fix and hold loan terms

The best terms available across our lending partners. Your final terms depend on the property, your plan, your credit and the lender that fits your deal.

Loan amount
$50,000 – $5,000,000
Minimum credit score
As low as 600
Rehab phase: purchase
Up to 90% of the purchase price
Rehab phase: rehab
Up to 100% of the rehab budget, released in draws
Rehab phase: ARV cap
Up to 75% of after-repair value
Rehab phase: term
12 to 24 months, interest-only payments
Rental phase
30-year fixed, ARMs and interest-only options
Rental phase: leverage
Up to 75–80% of the new appraised value
Minimum DSCR
As low as 0.75 on the rental loan
Seasoning
No seasoning required with select lenders when you refinance into their rental loan
Borrower
LLC or corporation with a personal guarantee; first-time investors considered
Income documents
None. Qualify on the deal, the rent and your credit
How it works

From purchase to long-term rental

Buy and renovate

Close on the purchase with rehab funds held back, then draw them as the work is completed.

Lease it up

Finish the rehab and place a tenant, or set up the property as a short-term rental.

Lock in the rental loan

Convert or refinance into a 30-year loan sized on the new value and the rent.

What you'll need

Documents checklist

  • Driver's license for each guarantor
  • LLC or corporate documents (articles, operating agreement, EIN letter)
  • Purchase contract
  • Scope of work and rehab budget
  • Track record of past projects, if any
  • Two months of bank statements showing down payment and reserves
  • Lease or rent projection once the rehab is done
  • Builder's risk or property insurance quote
Example

How a fix and hold pencils out

Finance the purchase and rehab, then refinance on the higher after-repair value.

Rental loan = 75% of new appraised value
Purchase $150,000 × 90%$135,000 Rehab budget $50,000 × 100%$50,000 Rehab loan$185,000 Rental loan: 75% of $280,000 value$210,000 Equity pulled out before costs$25,000

You bring $15,000 plus closing costs at purchase. Leverage varies by lender, property and credit.

Common questions

Fix and hold FAQ

What's the difference between fix and hold and fix and flip?

A fix and flip loan is short-term and is paid off when you sell. Fix and hold adds a long-term rental loan so you can keep the property.

Is a single-close loan better than two loans?

A single close saves a second round of underwriting and closing costs. Two loans can give you more choice on the rental loan. We will show you both when your deal fits.

How soon can I refinance after the rehab?

Some lenders require 3 to 6 months of ownership. Select lending partners will refinance their own rehab loans into a rental loan with no seasoning.

How is the rental loan qualified?

On the property's rent compared with its payment, the same way as our rental loans. No tax returns or W-2s.

Can I live in the property?

No. Fix and hold loans are business-purpose loans for investment property only.

Building a rental portfolio?

Send us the deal. We'll match it to a rehab and rental loan that fit.

Get Started

Terms shown are the best available across Capital Lending Group's lending partners as of October 2026 and change without notice. Not every borrower or property qualifies for every term. Leverage, loan amounts, seasoning and eligibility vary by lender, property, experience, credit profile and state. Business-purpose loans on non-owner-occupied property only. All loans are subject to lender review and approval.