The Fix and Hold Pivot
Sometimes a fix-and-flip becomes a fix-and-hold. The market softened. The rent comps are stronger than the sale comps. A tenant approached you before you listed. You ran the numbers and the cash flow makes more sense than the margin. You decide to keep the property. Now you're holding a renovated rental on hard money at 11–13% interest-only, and you need to find permanent financing fast.
Why DSCR Is the Only Clean Exit
A fix-and-hold pivot typically means: you're self-employed or LLC-structured, the property was just renovated, you may not have a lease yet, and you need to close in 30 days before the hard money balloon. Conventional lenders solve zero of those problems. DSCR solves all of them.
Fix-and-Hold Scenario
The No-Lease Problem: Solved
Many fix-and-hold pivots happen before a tenant is placed. The renovation just finished. You haven't listed the property. Hard money is burning $1,800+ per month in interest. Get Brick Capital qualifies on the appraiser's market rent schedule: no executed lease required.
The appraiser completes a Form 1007 market rent schedule as part of the standard appraisal order. This independent estimate of market rent is used in the DSCR calculation exactly as a signed lease would be. Your pivot from flip to hold doesn't require a tenant to be in place before you can close.
No Seasoning: Close the Day Rehab Is Done
There is no seasoning requirement. You can submit your deal the day renovation is complete. We order the appraisal, which confirms the after-repair value and market rent, and close in an average of 28 days. The fact that you purchased the property six weeks ago does not affect the loan. The fact that you originally intended to flip it does not affect the loan. DSCR underwrites the property, not your original business plan.
What You Need
- 660+ FICO
- Property in rent-ready condition at appraisal
- No lease or tenant required
- No income docs, no W-2s
- LLC closing: standard
- Min loan $50,000 · Max $5,000,000
Step by Step
- Submit your deal summary via the intake form: property address, hard money balance, estimated current value, rent or projected rent, credit score range
- Receive your rate within 24 hours by text or email: no credit pull at this stage
- Appraisal ordered immediately upon application: confirms ARV and market rent schedule
- Underwriting reviews credit report and appraisal: no income documentation in the file
- Close: hard money paid off at closing, permanent DSCR loan funded, any net proceeds wired to you