North Carolina Fix and Flip Lenders

Are you flipping residential properties in North Carolina? On this page you'll find a list of fix and flip lenders throughout North Carolina. 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 North Carolina is 70%. You typically need some cash for the purchase (15%-20%) and some cash reserves.
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Stormfield Capital, LLC

Direct Balance-Sheet Lender for Investment Properties

$250,000 - $10,000,000
6 to 36 months
8.50% - 11.99%
0 - 2.00%
Lima One Capital

The Nation's Premier Lender for Real Estate Investors

$75,000 - $20,000,000
13 to 360 months
7.20% - 12.10%
0.25% - 2.50%
Old North Capital Fund, LLC

True asset-based financing | No credit check, No appraisals, No prepay

$100,000 - $2,500,000
6 to 12 months
11.90% - 13.00%
2.00% - 4.00%
HouseMax Funding

Hard Money Loans to Fund Your Next Big Project

$75,000 - $7,000,000
12 to 360 months
7.00% - 12.99%
1.00% - 4.00%
Center Street Lending

Smarter Loans for Residential Property Investors

$100,000 - $40,000,000
6 to 24 months
9.00% - 12.50%
0.50% - 2.00%
IceCap Group

Flexible & Friendly Funding for Property Investors Across the Country

$50,000 - $10,000,000
12 to 18 months
7.00% - 12.50%
1.00% - 4.00%
Conventus

We Fund Fast While Providing Excellent Service and Competitive Pricing

$150,000 - $100,000,000
6 to 60 months
9.00% - 12.99%
0 - 2.00%
RBI Private Lending

Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.

$75,000 - $5,000,000
3 to 24 months
9.00% - 12.00%
1.00% - 2.00%
Kiavi

Servicing 12,000+ Real Estate Investors Across the Country

$100,000 - $3,000,000
12 to 360 months
American Heritage Lending

Direct Lender for Residential Real Estate Investors Nationwide

$100,000 - $5,000,000
12 to 360 months
8.00% - 12.00%
1.00% - 3.00%
i Fund Cities

Great F#*%ing Loans, Built By Investors For Investors

$75,000 - $15,000,000
6 to 360 months
7.00% - 12.00%
1.50% - 4.00%
Capital Funding Financial

Direct Lender for Investment Real Estate - 7 Day Closings - Low Rates

$100,000 - $50,000,000
6 to 360 months
6.50% - 12.99%
1.50% - 3.00%
LendingOne

Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide

$75,000 - $50,000,000
12 to 360 months
1.00% - 2.00%
Pimlico Capital

Direct Lender for Real Estate Investors | Established in 2016

$75,000 - $5,000,000
3 to 360 months
10.50% - 12.00%
2.00% - 3.00%
Park Place Finance

Nationwide Direct Private Lender for Residential Real Estate Investors

$100,000 - $2,500,000
12 to 23 months
9.99% - 12.99%
1.50% - 3.00%
Coastal Equity Group

Direct Private Lender for Real Estate Investors in the Southeast

$100,000 - $3,000,000
12 to 360 months
10.00% - 12.00%
1.50% - 3.50%

North Carolina Residential Fix & Flip Insights from a Local Lender

The real estate market in North Carolina is similar to many states throughout the country today, especially when it comes to fix and flip properties where profit margins remain low. Mitchell Zargrodnik of RCN Capital states that because of this common challenge, many of their investor clients are starting to diversify into the buy and hold market. Mitchell explains that although the initial plan is to flip the property, sometimes they’ll see investors decide to change over and hold the property long term, and then, make sure that there’s a buyer when these properties get relisted. “Investors just have to be cautious about the amount of rehab that they’re putting into these properties for resale, because if the value is a little too inflated, that kind of checks off a base of buyers there that aren’t willing to pay so high. You’re seeing experienced investors be a little bit more strategic, a little more lighter cosmetic rehab on these deals and, looking to make a nice quick profit on a short-term-time frame as well,” he suggests.

According to RCN Capital, even with these challenges, investors aren’t shying away from heavy rehabs in many parts of North Carolina. Mitchell says that they are still seeing a significant amount of interest in rehab projects that involve adding square footage to existing single family properties. “We have a lot of families that want to move into the Charlotte area, as well as the surrounding cities. Charlotte, Gastonia, Durham, Raleigh, Kerry, are the cities where we’re seeing a lot of this action and families looking to move into those locations want to make sure that the property is big enough to feel comfortable,” Mitchell says.

 

 

RCN Capital® is a nationwide, direct private lender. They provide short-term and long-term hard money loans to real estate investors. As a direct private lender, RCN Capital takes a common sense approach to underwriting, with all approvals made in-house, and are dedicated to providing a quick response to time-sensitive loans. RCN’s rehab loan program is pretty straightforward. They can do up to 85% of the purchase price and lend 100% of the renovation costs as well, not to exceed 70% of the after repair value. 85% of the purchase price is going to be based on experience, where the investor has can show that they have experience with doing heavy to moderate rehab projects, and/or have completed at least three rehab projects within the last three years. View their profile to find their contact information and learn more.

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