Indiana Fix and Flip Lenders
Are you flipping residential properties in Indiana? On this page you'll find a list of fix and flip lenders throughout Indiana. 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 Indiana 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.
Funded Fix & Flip Loans in Indiana
Fix & Flip Loan for SFR in Columbia City, Indiana
$185,000
Real Property Investment Partners, a direct private lender, funded a $185,000 1st lien position fix and flip loan for a single-family home in Columbia City, Indiana. We funded 100% of the $30,000 renovation budget and 85% of the $180,000 purchase price, while the Borrower contributed 15% cash to the purchase at closing. The after-repair value was estimated at $260,000 so our loan-to-after-repair value was 72%. This was our first fix and flip deal in the state of Indiana. We are excited to take part in bringing charm back to this house for the new homebuyer. The subject property is approximately 3,863 square feet. The Borrower had good credit. They plan to sell the property upon completion of the light rehab. The interest rate was 12% and we charged 2% origination points. The loan term was set at 6 months. This SFR fix and flip loan was funded in June 2023.