This is the most common, 1-year fix-and-flip loan for simple, cosmetic renovations of residential, multi-family, and retail properties. Easy qualifying. Fast decisions (usually next business day). Quick funding (as short as 3 business days). Monthly interest-only payments to help you manage monthly out-flow during the renovation period. Great for flippers, and for real estate investors who choose to buy, renovate, lease up, and re-finance.