A repair and resell loan, also known as a fix-and-flip loan, is a short-term financing option designed for real estate investors who purchase properties, make necessary repairs or renovations, and then resell them for a profit. These loans provide quick access to capital for acquiring distressed or undervalued properties that need improvements before being put back on the market. Repair and resell loans typically cover both the purchase price of the property and the costs of renovations.