Best Fix-and-Rent Lenders for Real Estate Investors (2026)
Hybrid loans that combine short-term rehab financing with automatic conversion to a long-term DSCR loan. The one-loan BRRRR solution — no separate refinance needed.
Typical Rates
8%–11% (bridge) → 6.5%–8.5% (perm)
Max LTV
80%–85% purchase, 100% rehab, 75% perm
Typical Terms
12–18 month bridge → 30-year permanent
Min Credit
660–700
What Are Fix-and-Rent Loans?
Fix-and-rent loans are the BRRRR investor's dream product. Instead of getting a hard money loan for acquisition and rehab, then finding a separate DSCR lender for the refinance, a fix-and-rent loan does both in one. You close once, complete your renovation, get the property leased, and the loan automatically converts to a 30-year DSCR loan. This eliminates double closing costs ($3,000–$8,000 saved), removes refinance timing risk, and simplifies the entire process. Lenders like Kiavi, Lima One, and RCN Capital have made this product increasingly competitive.
Who Are Fix-and-Rent Loans Best For?
- BRRRR strategy investors
- Investors who want to rehab then hold long-term
- Investors who want to avoid double closing costs
Pros & Cons
Pros
- +One loan covers purchase, rehab, and permanent financing
- +Eliminates refinance closing costs and timeline risk
- +Rate lock on permanent portion provides certainty
- +Streamlined process — one lender, one application
Cons
- –Fewer lenders offer this product
- –Higher credit requirements than standalone hard money
- –Less flexibility than using separate bridge + DSCR lenders
- –Must commit to one lender for the entire process
Best Fix & Rent Lenders (2)
These lenders offer fix-and-rent loans, ranked by our editor rating. Click any lender for a full review with detailed terms and expert analysis.
| Lender | Rates | Max LTV | Min Credit | Speed | Best For | Rating |
|---|---|---|---|---|---|---|
| Kiavi | 6.5%–12% | 80% | 640 | 10–21 days | Volume flippers, BRRRR investors | 4.5 |
| Lima One Capital | 7%–12.5% | 80% | 660 | 14–21 days | New investors, BRRRR strategy | 4.3 |
Kiavi
4.5Kiavi (formerly LendingHome) is one of the largest tech-enabled lenders for real estate investors, offering fix-and-flip and DSCR rental loans with a fully digital platform. Known for fast closings and competitive pricing for experienced investors.
6.5%–12%
80%
640
10–21 days
$100K–$3M
No experience required
Lima One Capital
4.3Lima One Capital is a full-service investment property lender offering fix-and-flip, bridge, rental (DSCR), construction, and multifamily loans. Known for broad product range and willingness to work with newer investors.
7%–12.5%
80%
660
14–21 days
$75K–$5M
No experience required
Frequently Asked Questions About Fix-and-Rent Loans
How does the bridge-to-permanent conversion work?
After your rehab is complete and the property is leased, the lender orders a new appraisal. If the property meets the DSCR requirements (typically 1.0+ DSCR), the loan automatically converts to a 30-year permanent loan. You don't apply again or pay new origination fees — just the conversion costs (typically an appraisal and small processing fee).
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