Alabama Fix and Flip Lenders
Are you flipping residential properties in Alabama? On this page you'll find a list of fix and flip lenders throughout Alabama. Fix & flip lending is only for residential properties with 1-4 units. We have a separate page for lenders that offer rehab/value-add financing for other property types. The maximum loan-to-after repair value (LTARV) for most lenders in Alabama is 70%. You typically need some cash for the purchase (15%-20%) and some cash reserves.Searching...
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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Funded Fix & Flip Loans in Alabama
Easy Street Capital, a direct private real estate lender, funded a $211,272 1st lien position fix and flip loan for a single-family home in Leeds, AL. We funded 85% of the $69,750 renovation budget and $178,805 purchase price, while the Borrower contributed 15% cash respectively at closing. The after-repair value was estimated at $310,000 so our loan-to-after-repair value was 68%. This seasoned Investor will be doing cosmetic updates to a unique A-frame home. The subject property is approximately 2,192 square feet set in a 22,651-square-foot lot. The Borrower had good credit. They plan to sell the property as an exit strategy. The interest rate was 9.9% and we charged 2.25% origination points. The loan term was set at 9 months. This SFR fix and flip loan was funded in March 2024.Â
Easy Street Capital, a direct private real estate lender, funded a $264,000 1st lien position fix and flip loan for a single-family home in Vestavia Hills, Alabama. We funded 80% of the $110,000 renovation budget and $220,000 purchase price, while the Borrower contributed 20% cash respectively at closing. The after-repair-value was estimated at $450,000 so our loan-to-value was 59%. The novice Borrower had completed two rentals and had great cash reserves with excellent credit. They will be doing a cosmetic rehab of the subject with some servicing of the utility systems. The interior of the home will be getting a new trim, doors, paint, drywall, insulation, appliances, and an updated bathroom/kitchen. The exterior of the home will be getting new roofing, paint, landscaping, deck, and fencing. The subject property is approximately 1,450 square feet set in a 21,780-square-foot lot. The Borrower plans to sell the property upon completion of the heavy rehab. The interest rate was 10.90% and we charged 3% origination points. The loan term was set at 6 months. This SFR fix and flip loan was funded in July 2023.
Fix & Flip Loan for Single-Family Residence in Mountain Brook, Alabama
$487,500
RCN Capital, a national direct private lender, funded a $487,500 fix and flip loan for a single-family residence in Mountain Brook, AL. The Borrower is an experienced investor (5+ verified projects) who was under contract to acquire the subject property for $345,000 with intentions of spending $234,740 on rehab before listing it for resale. We funded 65% of the purchase and 100% of the renovation in 1st lien position. The Borrower contributed 35% cash to the purchase price at closing. The subject property was appraised for $480,000 As-Is and After Repair Value of $750,000 which evidenced an ROI of 27.10%. The initial advance was 84.13% LTC and 60.47% of LTV. The total loan amount was 70% of ARV. The property was being sold for almost $150,000 below the current value. The Borrower also intends to turn the garage into an Accessory Dwelling Unit (ADU). The Sponsor had good credit with a mid-score of 712. Bank statements reflected a sufficient balance to cover our Liquidity Requirements. The loan term was set at 12 months. The interest rate was 10.49%. We charged 2% origination points. This SFR fix and flip loan was funded in December 2022.