Can I get a fix and flip loan with no experience?
Yes — Silt's published fix and flip terms do not list a minimum number of completed projects, but experience is reviewed on every file and affects pricing and how the deal is structured. A first-time flipper is underwritten on the property, the budget and the plan: a realistic scope of work, an itemized rehab budget, contractor bids, a supportable after-repair value and enough cash for the down payment, carrying costs and overruns. The program lends up to 90% of total cost and 70% of after-repair value, whichever is lower, on loans from $200K to $8M, with up to 100% of the rehab budget funded through draws. New investors often strengthen a file by partnering with an experienced operator, hiring a licensed general contractor or choosing a lighter cosmetic renovation for a first deal. Expect leverage and pricing to reflect the track record you can document, and to improve as projects are completed.
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Last reviewed 19 October 2026 · Terms are illustrative, not a commitment to lend; every loan is subject to underwriting.