Program review
Closer Capital Real Estate Lending Review (2026)
Closer Capital brokers fix-and-flip, DSCR, bridge, and construction loans for investors. Fast and asset-based, but points and prepay penalties bite.
By Closer Capital Reviews · Last updated August 2026 · How we make money
Why this score:A genuinely deep program menu for investors, marked down for 2% to 4% in points and fees, prepayment penalties on some loans, and 10% to 30% down on every deal.
How the score is produced:Our ratings are our own assessment, scored against the program's published terms and eligibility bars. We are compensated as an affiliate, and our ratings range from 4.0 to 4.6 rather than 5.0 because the programs differ. Read the full rating methodology.
This is Closer Capital's investor desk, not a mortgage desk. It covers fix and flip up to 90% of after-repair value at 9% to 14%, DSCR rental loans at 6.5% to 10% with 30-year terms and no income verification, bridge loans up to 80% LTV at 8% to 12%, construction up to 85% of cost, and permanent financing at 5.5% to 8% over 20 to 30 years.
It fits real estate investors and business owners buying non-owner-occupied property who need speed or flexible underwriting more than they need the absolute lowest rate. Our take: strong on time-sensitive deals, since fix-and-flip and bridge loans can close in 7 to 21 days, but you need 10% to 30% down, 6 to 12 months of reserves, and a 640+ score, and points of 2% to 4% mean the headline rate understates your real cost of capital.
Published by Closer Capital Reviews, a review site compensated through Closer Capital’s affiliate program. We are not Closer Capital, we do not take applications, and we do not make funding decisions. Last updated August 2026. How we research and rate.
Real Estate Lending at a glance
Every number below is reproduced from Closer Capital’s own published material for this program. These are the company’s figures, not independently verified by us. Because Closer Capital is a broker, the funding partner that takes a file sets the final terms, so treat these as ranges rather than as a quote.
| Programs | Fix and flip, DSCR rental, bridge, construction, permanent financing, and cash-out refinance up to 75% LTV |
|---|---|
| Rates | Fix and flip 9% to 14%, DSCR 6.5% to 10%, bridge 8% to 12%, construction 9% to 13%, permanent 5.5% to 8% |
| Terms | 6 to 18 months on flips, 6 to 24 months on bridge, 12 to 24 months on construction, 20 to 30 years on permanent and DSCR |
| Speed | Fix and flip or bridge can close in 7 to 21 days. DSCR typically takes 30 to 45 days |
| Eligibility | 640+ credit, 10% to 30% down, 6 to 12 months of PITI reserves, proof of funds, appraisal, and rental income documentation on income properties |
| Best for | Investors buying, rehabbing, or refinancing non-owner-occupied residential, commercial, and specialty property |
| Watch-outs | Rates above conventional mortgages, points and fees of 2% to 4% of the loan, prepayment penalties on some programs, personal guarantee typical, and not available for a primary residence |
Company claim
Closer Capital states 1+ year in business, $100K+ annual revenue, 600+ credit score.
Source: Closer Capital's published baseline eligibility. We have not independently verified this figure.
Program ranges side by side
| Loan type | LTV | Rate range | Term |
|---|---|---|---|
| Fix and flip | 70% to 90% ARV | 9% to 14% | 6 to 18 months |
| DSCR | 75% to 80% | 6.5% to 10% | 30 years |
| Bridge | 70% to 80% | 8% to 12% | 6 to 24 months |
| Construction | 80% to 85% of cost | 9% to 13% | 12 to 24 months |
| Permanent | 75% to 80% | 5.5% to 8% | 20 to 30 years |
Rates and terms vary with property type, borrower experience, and market conditions. These are the published ranges, not a quote.
How the Real Estate Lending program actually works
Real estate lending here is asset-based. Underwriting leans on the property, the exit strategy, and your track record rather than on personal income documentation, which is why a DSCR loan can close without a W-2 in sight.
Match the program to the exit
The right product is decided by how you get out. Reselling after rehab points to fix and flip. Holding for rent points to DSCR, where the property needs a debt service coverage ratio of roughly 1.0 to 1.25. Buying now and refinancing later points to bridge.
Document the asset and the plan
Expect a property appraisal or valuation, proof of funds for down payment and closing costs, 6 to 12 months of PITI reserves, and rental income documentation on income property. Experienced investors also provide a schedule of real estate owned, a project track record, an exit strategy, and a contractor scope of work with budget on rehabs.
Close, then execute the exit
Fix-and-flip and bridge deals can close in 7 to 21 days. Construction loans fund on a draw schedule against completed work rather than in one lump sum. Short-term loans are typically interest-only, which keeps carrying costs low but makes the exit date the whole ballgame.
Property types financed include residential investment (single-family, 2 to 4 unit, 5+ multifamily, condos and townhomes), commercial (office, retail centers, warehouse, industrial), and specialty (mixed-use, self-storage, mobile home parks, hospitality).
Pros and cons, honestly
The case for and against this specific program, including the parts a sales page would leave out.
+ What holds up
- Fast enough for competitive deals, with fix-and-flip and bridge closings in 7 to 21 days.
- Asset-based underwriting focused on the property rather than your tax returns.
- DSCR loans require no income verification, which solves the classic self-employed investor problem.
- Less documentation than a traditional bank on most of these programs.
- Flexible on credit and income, with a 640 floor rather than a conventional mortgage bar.
- Can finance non-warrantable properties conventional lenders will not touch.
- Genuine breadth: short-term rehab money, 30-year rental debt, construction draws, and portfolio cash-out all under one desk.
- Permanent financing at 5.5% to 8% is competitive with conventional commercial pricing.
- What to know before you apply
- Rates run above conventional mortgages across every program, and fix and flip at 9% to 14% is expensive carry.
- Points and fees of 2% to 4% of the loan amount mean the true cost is well above the quoted rate on a short-term deal.
- Prepayment penalties apply on some loans, which is a real problem if you flip faster than planned.
- A significant down payment or equity position is mandatory, at 10% to 30% depending on program.
- Reserves of 6 to 12 months of PITI on top of the down payment tie up more cash than new investors expect.
- A personal guarantee is typically required even on entity-held property.
- Not usable for a primary residence. These are non-owner-occupied programs.
- Short-term interest-only structures put all the pressure on hitting your exit date.
Should you pick this or a different Closer Capital program?
Choose real estate lending when the collateral is investment property and the deal will not wait for conventional underwriting. If you are buying a building your own business will occupy, you are in the wrong program and are leaving a lot of money on the table.
Every program we review: Business Line of Credit, Business Term Loan, SBA Loans, Equipment Financing, Commercial Lending, Personal Loan Funding, and ourfull Closer Capital review.
Real Estate Lending FAQ
The questions people search before they apply for this program, answered straight.
What is a DSCR loan?
A DSCR loan is a rental property loan underwritten on the property's income rather than your personal income. Debt service coverage ratio is rental income divided by the loan payment, and most lenders require a minimum of 1.0 to 1.25. Because no personal income verification is required, it is the standard tool for self-employed and portfolio investors.
What is the difference between a bridge loan and a fix-and-flip loan?
Bridge loans are short-term financing for time-sensitive acquisitions or transitions, typically 6 to 24 months at 8% to 12% and up to 80% LTV. Fix-and-flip loans are purpose-built for buying, renovating, and reselling, typically 6 to 18 months at 9% to 14% and up to 90% of after-repair value. The flip product lends against the finished value, the bridge product against the current one.
How fast can I close on a real estate loan?
Fix-and-flip and bridge loans can close in 7 to 21 days. Construction loans usually take about 2 to 4 weeks. DSCR loans typically take 30 to 45 days because of the appraisal and rental income review. Speed is the main reason investors pay these rates over conventional financing.
What credit score do I need for a real estate investment loan?
The general floor is 640. Fix-and-flip and bridge loans typically look for 650 or higher, while DSCR programs may go down to 620 when the property's income coverage is strong. Credit matters less here than down payment, reserves, and a credible exit strategy.
Can I use these loans for a primary residence?
No. These are non-owner-occupied investment programs. If you want to finance a building your own business will operate from, that is an SBA 7(a) or 504 scenario, where the owner must occupy at least 51% of the property and the pricing is far lower.
Applying goes to Closer Capital, not to us
Closer Capital states that prequalifying does not require a credit pull, that submitting is free, that a person reviews each file, and that one application is matched against all seven of its programs. Closer Capital Reviews is a review publication: we do not receive applications or decide funding, and we are paid a commission by Closer Capital if a referred application is funded.
Apply with Closer CapitalAbout this review
Maintained by Closer Capital Reviews, a review site that participates in Closer Capital’s affiliate program (see ouradvertising disclosure). We are not Closer Capital. Program details on this page, including amounts, terms, rate ranges, timelines, and eligibility, were verified against the published Real Estate Lending program page on closercap.com. Our rating and commentary are our own, scored as set out in our rating methodology.
Closer Capital is a funding brokerage rather than a direct lender, so the final rate, term, and fees on any offer are set by the funding partner that takes your file and can change at any time. Confirm your numbers in writing before you sign. Spot something out of date or have your own experience with this program? Emailinfo@closercapitalreviews.comorsubmit a review.
Last updated August 2026. Program details verified against closercap.com.