Lender guide
How to Choose a BRRRR Lender (Both Loans, One Plan)
A BRRRR lives or dies on two loans handing off cleanly. The right lender choice is really two choices, and the seasoning rule between them is the one that traps your capital.
Most "best BRRRR lender" lists ignore the hardest part: the refinance and its seasoning. We show you how to judge both loans yourself, so your capital actually comes back. Where we link to a lender, we say so plainly. See our disclosure.
The five things that actually separate BRRRR lenders
- The seasoning rule on the refinance. This is the one that matters most. How soon after purchase will the lender refinance against the new, higher value rather than your purchase price? Six months is common, twelve is not rare. Confirm it before you take the first loan.
- Whether one lender does both legs. Some lenders fund the rehab loan and the DSCR refinance, which makes the handoff cleaner and the timeline more predictable. Others do only one, and you coordinate two relationships.
- Refinance leverage. The cash you recover comes out of the after repair value times the refinance loan-to-value, commonly up to 75 percent. A higher cap returns more of your capital.
- Rehab funding on the first loan. How much of the rehab is financed, and how fast draws release, decides how much of your own cash is tied up during the project.
- Speed on both ends. A slow purchase loses the deal; a slow refinance extends your expensive short-term loan. You want certainty at both ends.
A comparison you can fill in
Run this for the rehab loan and the refinance, ideally for a lender that offers both.
| Compare | Rehab loan | DSCR refinance |
|---|---|---|
| Seasoning before new value is used | n/a | |
| Max leverage | ||
| Rate and points | ||
| Rehab funding and draw speed | n/a | |
| Days to close |
Compare current rates. These are starting points to research, not endorsements. Confirm terms on each lender website. Some links may be affiliate links; see our disclosure.
Established lenders to research
These are well-known names that serve BRRRR investors, several offering both the rehab loan and the refinance. We list them as starting points, not endorsements; confirm current terms directly. Our independent Rate and Terms Survey tracks both legs.
- Kiavi offers both fix-and-flip and DSCR rental loans, which can cover both BRRRR legs with one lender.
- New Silver provides fix-and-flip and DSCR products for the buy and the refinance.
- Other names worth a quote include Lima One Capital and Visio Lending, among others.
Our standing rule. We update this guidance from the quarterly survey, disclose any affiliate relationship, and never let a referral fee change who we include or how we describe them.
Next, confirm your capital comes back on the BRRRR calculator, then read the full method in the BRRRR financing guide.