For many real estate investors, the Flip/BRRR strategy – Buy, Renovate, Rent, Refinance – is one of the most effective ways to grow a portfolio while maximizing returns. One of the biggest challenges? Finding a property that will actually be profitable.
But once you’ve identified the right opportunity, the next step is just as critical: securing financing that’s fast, flexible, and designed to support the unique needs of real estate investors. That’s where Calvert Home Mortgage comes in. Our Flip/BRRR mortgage solution is built to remove financing as a barrier so you can focus on what matters most – executing on the right deal.
What Is a Flip/BRRR Mortgage?
A Flip/BRRR mortgage is a short-term loan that helps real estate investors purchase, renovate, and then either sell or refinance a property. Unlike traditional financing, these mortgages from Calvert Home Mortgage are designed for speed and flexibility.
Fast Mortgage Approvals & Funding
Commitment Letters are typically issued within 1 business day, and funding can be provided in as little as 1-3 business days upon receiving all required documents.
Low Down Payment Options
Start your next project with as little as $10,000 down on the mortgage. While you still need to show sufficient funds to cover the renovation and carrying costs during the loan term, this low down payment option significantly reduces the upfront capital required.
In some cases, real estate investors can also blanket existing properties with equity to access additional capital, which can further support project execution and scaling.
Flexible Solutions for Real Estate Investors
Our fully open mortgages give you the freedom to exit when it’s right for your strategy, with no prepayment penalties. Plus, because we fund properties in any condition, you can move quickly on opportunities that other lenders might turn away.
Unlike traditional lenders who base financing on the purchase price, Calvert Home Mortgage lends on the After-Repair Value (ARV) – the projected value of the property once your planned renovations are complete. This allows you to access a higher loan amount at the start of the project, and the lower upfront capital requirements let you keep more liquidity available for renovation costs, carrying costs, or even additional projects.
No Appraisals
Properties valued up to $1.5 million do not require appraisals. However, multi-family properties with more than 4 units do. We provide free in-house valuations, saving you time and money.
The Flip/BRRR Mortgage Process
We’ve built a streamlined process to keep your deal moving once you’re ready to buy. Here’s what that looks like:
- Submit Your Deal
Provide the required documents, including a completed application, recent NOA, renovation checklist, proof of down payment, renovation, and carrying costs. - Review & Valuation
Our Underwriters will review all the documents provided and order an in-house valuation from our team of Real Estate Analysts. - Profitability Analysis
Our Underwriters will utilize the Flip Analyzer Tool to assess potential profitability, using the value provided by the Real Estate Analysts as an estimated ARV. If the project appears to be profitable, they will propose terms by issuing a Commitment Letter. Note: Net profits are not guaranteed and will vary based on the project. - Funding
After the Commitment Letter is signed and conditions are met, instructions go to your lawyer, and funding can be completed in as little as 1-3 business days.
Watch this video for a more in-depth look at our Flip/BRRR mortgage process.
Why Real Estate Investors Choose Calvert Home Mortgage
Finding the right property is tough enough. Once you do find the right opportunity, financing shouldn’t hold you back. At Calvert Home Mortgage, we design our mortgage solutions with real estate investors in mind, giving you the tools and confidence to scale faster.
- Speed that wins deals. Fast approvals and funding give you an edge in competitive markets where timing is everything.
- Confidence in your numbers. Our free in-house valuations and ARV-based lending ensure your financing aligns with your renovation plans.
- Lower upfront capital. With down payments starting at just $10,000, you can keep more of your money working – whether for renovations, carrying costs, or your next project.
- Flexibility to pivot. Our fully open mortgages mean you can exit based on project needs without penalties, and we fund properties in any condition.
- Capacity to scale. By blanketing existing properties with equity, you can access additional capital to take on larger or multiple projects at once.
At the end of the day, we’re not just providing capital – we’re providing a financing solution built to match how real estate investors operate.
Ready to Start Your Next Flip/BRRR Project?
Whether you’re looking for fast mortgage approvals, low down payment options, or flexible Flip/BRRR financing for real estate investors, we’re here to support your success.
Connect with our team today to learn more about how to get started.
For Alberta inquiries, contact Kaelan Nelson.
Email: kaelan@chmic.ca
Cell: 587-585-4571
Office Phone: 403-278-0249
Book a meeting here.
To learn more about Calvert Home Mortgage in Ontario, contact Katarina Jarossy and Dan Werner.
Based in the GTA?
Email: katarina.jarossy@chmic.ca
Cell: 416-799-2553
Office Phone:1-888-752-4642
Book a meeting here.
Anywhere else in Ontario:
Email: dan.werner@chmic.ca
Cell: 416-316-5336
Office Phone: 1-888-752-4642
Book a meeting here.
For all deal submissions, click here.
FAQs About Flip/BRRR Mortgages
Q: What does BRRR stand for in real estate?
A: BRRR stands for Buy, Renovate, Rent, and Refinance. It’s a strategy where real estate investors purchase undervalued properties, increase their value through renovations, rent them out for income, and refinance for a lower interest rate and to withdraw capital for the next project.
Q: Do I really only need $10,000 for a down payment?
A: Yes, Calvert Home Mortgage offers down payments starting as low as $10,000. However, you’ll also need to show sufficient funds for renovations and carrying costs during the loan term.
Q: What types of properties qualify for a Flip/BRRR mortgage?
A: Calvert Home Mortgage funds properties in any condition, including those most traditional lenders won’t touch. Properties up to $1.5M don’t require appraisals, and we provide free in-house valuations.
