These tend to be short-term loans of 6 months to 2 years used to bridge two transactions or for renovation and resale (AKA legal flipping) or new construction where the borrower will do the work or manage the construction. Victory Funding works with a number of lenders in this
category. Features can include;​

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• Higher interest rates, due to the short-term, higher risk associated with this product

• Flexible collateral requirements. Properties can be run down or vacant, as long as the plan
  included renovation.

• Down payment requirements can range from 0 to 40%, depending on a number of factors

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