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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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Kiavi
Servicing 18,000+ Real Estate Investors Across the Country
Backflip
Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Center Street Lending
Smarter Loans for Residential Investors
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Coastal Equity Group
Your trusted direct lender in the Southeast—small team, big relationships, and tailored solutions for investors.
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Funded Fix & Flip Loans in Alabama
RCN Capital, a national direct private lender, funded a $176,200 1st lien position fix and flip loan for a detached single-family home in Huntsville, AL. We funded 72% of the $160,000 purchase price and 100% of the $40,200 renovation budget, while the Borrower contributed 28% cash to the purchase at closing. The property was appraised for $190,000 as-is, and the $275,000 after-repair value projects a strong return on investment of 34.15%. It was in excellent condition and is approximately 2,545 square feet. The Borrower is an experienced real estate investor with 5+ verified rehab deals successfully completed, and they have good credit. The plan is to sell the property upon completion of the rehab. The interest rate was 10.24% and we charged 1.75% origination points. The loan term was set at 12 months. This SFR fix and flip loan was funded in July 2024.
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.
