Pennsylvania Fix and Flip Lenders
Are you flipping residential properties in Pennsylvania? On this page you'll find a list of fix and flip lenders throughout the state. 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 for most lenders in PA is 70%. You typically need some cash for the purchase (10%-20%) and some cash reserves, although 1 lender in Philadelphia offers 100% financing. Scroll down to the Local Lenders section to learn more about them.Searching...
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Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT! NO INCOME VERIFICATION!
Backflip
Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Local Pennsylvania Fix & Flip Lenders
Here are the fix & flip lenders on our platform that are “local” lenders, based in the Philadelphia metro area…
- I Fund Cities
I Fund Cities provides fast and reliable financing to house flippers throughout Pennsylvania. For most deals, they fund 85% of the purchase price and 100% of the renovation costs, with a 75% maximum after-repair value (ARV). The minimum credit score is 600, and they require borrowers to have completed at least 1 successful flip. They lend 20 other states besides PA. We have visited their office in Downtown Philadelphia. - Rehab Financial Group
Established in 2010, Rehab Financial Group provides 100% financing for residential fix and flip projects, with a 70% maximum after-repair value (ARV). A down payment is not required, but they require income verification to confirm that the borrower has cash flow to make the interest payments. Additionally, the borrower must have decent credit (640+ FICO), some liquid cash to cover the first phase of the renovation project and enough cash to pay the points and closing costs when the loan funds. Experience is not required, and they welcome newbie investors. Most of their lending is in Pennsylvania and New Jersey, but they lend in 30+ other states. We have visited their office in Rosemont, PA.
Philadelphia Fix and Flip Insights from a Local Lender
We interviewed John Santilli, President of Rehab Financial Group, to learn about fix & flip investing/lending in Philadelphia and other parts of Pennsylvania. Watch the video below, or click here to read the content.
Select a Metro Area
Philadelphia and Pittsburgh are the two main metropolitan areas in Pennsylvania. There are a few lenders on our platform that will only consider properties in the Philly metro area but not Pittsburgh. Select a metro area to filter the search results.
Funded Fix & Flip Loans in Pennsylvania
In June 2022, i Fund Cities closed a Fix & Flip loan secured by a single-family home in Ambler, Pennsylvania, just north of Philadelphia. This client was an iFC repeat customer (we love the relationships we have with our long-term investors!). This investor had been in contact with iFC for some time, looking for a deal that made sense for them to fund through us. This single-family home fix-and-flip deal was a great fit! The customer was looking to close quickly on the loan. Since we already had an established relationship with them, we had all stayed in contact, we were able to move quickly throughout the process and ensure any hurdles along the way would be communicated and overcome. Having access to a lender who they already knew and trusted, allowed for a short timeframe to closing. The purchase price was $400,000 and the rehab budget was $80,700. The estimated after-repair value was $575,000. Our loan amount was 70% loan-to-cost, and the loan term was set at 12 months.
Key Loan Benefit to Borrower:
A key aspect of this loan is that we were able to close with the borrower under some unusual circumstances, including the rising rate environment.
Customer Feedback:
Says the customer, “I appreciated the responsiveness and team effort behind getting the deal done, the communication from the team while overcoming hurdles, and the personal aspect of working with you guys. After a time when rates hiked up and we were told our rate would be increasing, iFC gave us the news, and was still able to close a deal when other lenders were shut down.”