How has fix-and-flip financing changed?

[Teke Wiggin]

This is Teke Wiggin with Inman News, a real estate trade publication. I'm writing a story about how fix-and-flip financing has evolved over the last few years. Two trends seem to be the emergence of online lenders, such as LendingHome, and the launch of fix-and-flip financing arms by financial institutions (B2R Finance, Colony, etc.).

Is anyone able to share how the fix-and-flip financing environment has changed over the last few years and what sort of impact those two trends have had? Would love to discuss directly as well. 

Is it much easier to get financing these days? Are interest rates lower? Have any companies securitized fix-and-flip debt into mortgage bonds?