Indiana Rehab Lenders for Residential Rental Properties
Are you looking to rehab and hold residential rental properties in Indiana? On this page you'll find a list of lenders that provide financing to help investors execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy in Indiana's urban areas. You typically need some cash for the purchase (15% to 20%), some cash reserves in case the rehab goes over budget, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV (after-repair value) for most lenders in Indiana is 75%, but it could be lower depending on the rental income, location, credit score and other factors.Searching...
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Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Center Street Lending
Smarter Loans for Residential Investors
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
KECO Capital, LLC
Funding for Investors By Investors
Backflip
Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
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
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Funded Rehab Loans for Rental Properties in Indiana
RCN Capital, a national direct private lender, funded a $332,500 1st lien position rehab and rent loan for the acquisition of a 2-unit property in Indianapolis, IN. We funded 100% of the $179,300 renovation budget and 82.5% of the 185,000 purchase price, while the Borrower contributed 17.5% cash to the purchase at closing. The after-repair value was $475,000 so our loan-to-after-repair value was 70%. The property was appraised for $175,000 As-Is. The Guarantor had excellent credit with a middle score of 759 and has completed 3 rehab projects. The Borrower is adding 664 square feet by finishing the attic. They plan to refinance as an exit strategy upon completion of the heavy rehab. The subject property is approximately 3,184 square feet. The interest rate was 11.49% and we charged 3.5% origination points. The loan term was set at 12 months. This rehab loan was funded in November 2023.
