Overview
Backflip combines hard money lending with deal-analysis tools — particularly useful for newer investors wanting integrated underwriting support.
Backflip is based in Denver, CO and was founded in 2020. They operate nationally and offer fix-and-flip, BRRRR, bridge financing. Their loan amount range runs from $50K to $2.5M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, bridge |
| Geographic coverage | National |
| Loan size | $50K – $2.5M |
| Interest rate range | 9.99% – 11.99% |
| Origination points | 1 – 3 |
| Max LTV | 85% of ARV |
| Max LTC | 95% of cost |
| Term lengths | 12 months |
| Typical close time | 5-10 days typical |
Strengths
- tech-forward
- deal analysis tools
- newer investor friendly
Ideal borrower
Newer investor needing deal analysis tools alongside financing
How Backflip compares for Chicago investors
For Chicago metro investors specifically, Backflip operates as one of multiple national options — competitive on broad product menus but local Chicago lenders sometimes win on relationship and close speed. As an institutional non-QM lender, their underwriting is templated and predictable — fast for experienced borrowers, less flexible for non-standard deals.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
Backflip FAQ
Yes — Backflip operates nationally and regularly funds Chicago-area deals
Backflip's indicative rate range is 9.99%–11.99% with 1–3 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
Backflip's typical minimum loan is $50K, with maximum loan size up to $2.5M.
Backflip's typical close timeline is 5-10 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
Backflip offers fix-and-flip, BRRRR, bridge financing.
Newer investor needing deal analysis tools alongside financing
This review is an independent directory listing. Hard Money Chicago is not affiliated with Backflip. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.