Dallas Fix and Flip Lenders
Are you flipping residential properties in the Dallas metro area? On this page you'll find a list of fix and flip lenders throughout Dallas's urban areas. 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 Dallas 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.
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Funded Fix & Flip Loans in Dallas
Easy Street Capital, a direct private real estate lender, funded a $500,500 1st lien position fix and flip loan for a single-family home in Richardson, Dallas County, TX. We funded 82% of the $200,000 renovation budget and $410,000 purchase price, while the Borrower contributed 18% cash of the entire project cost at closing. The after-repair value was estimated at $715,000 so our loan-to-after-repair value was 70%. The Borrower will be doing a cosmetic rehab of the home with some servicing of the utility systems and some demolition. The interior of the home will be getting new doors, insulation, paint, flooring, fire place, appliances, and an updated kitchen/bathroom. The exterior of the home will be getting new siding, paint, doors, driveway, pressure wash, landscaping, decking, gutters, sprinkler, fencing, and a rough/final clean before the home is listed on the market to sell. The subject property is approximately 2,654 square feet set in an 11,761-square-foot lot. The Borrower had good credit. The interest rate was 9.9% and we charged 3% origination points. The loan term was set at 6 months. This SFR fix and flip loan was funded in January 2024.Â
Easy Street Capital, a direct private real estate lender, funded a $1,095,500 1st lien position fix and flip loan for a single-family home in Dallas, TX. We funded 85% of the $330,000 renovation budget and 85% of the purchase price, which was $965,000. The Borrower contributed 15% cash to the entire project cost at closing. The after-repair value was $1,565,000 so our loan to after-repair value was 70%. The Borrower will be doing a cosmetic rehab of the subject with some servicing of the utility systems, demolition, and foundation. The interior of the home will be getting new windows, doors, trim, drywall, insulation, paint, flooring, appliances, and an updated kitchen/bathroom. The exterior of the home will be getting new stucco, framing, siding, paint, doors, landscaping, sprinklers, and a final clean. The Borrower had good credit. They plan to sell the home as an exit strategy upon completion of the rehab. The subject property is approximately 5,107 square feet set in an 11,761-square-foot lot. The interest rate was 9.9%, and we charged 2% origination points. This SFR fix and flip loan was funded in November 2023.
Park Place Finance, a direct private real estate lender, funded a $223,550 1st lien position fix and flip loan for a single-family home in DeSoto, just South of Dallas, TX. We funded 100% of the $50,000 renovation budget and 82% of the $213,000 purchase price, while the Borrower contributed 18% cash to the purchase at closing. The after-repair value was estimated at $320,000, so our loan-to-after-repair value was 69.9%. The Borrower will be performing a cosmetic overhaul on the project and intends to list and sell when completed. The subject property is approximately 1,500 square feet set in a 0.27-acre lot. The Borrower is a first-time investor who will be working with a licensed general contractor to execute the rehab. The interest was 12.49% and we charged 2% origination. The loan terms were our standard 12-month term loan with interest-only payments and no prepayment. This SFR fix and flip loan was funded in September 2023.
SFR Fix and Flip Loan for Heavy Rehab Project in Casa Linda Estates of Dallas, Texas
$1,050,245
I Fund Cities, an alternative lending platform, funded a $1,050,245 fix and flip loan in 1st lien position for a single-family residence located east of White Rock Lake, in the Casa Linda Estates neighborhood of Dallas, TX. The purchase price was $485,000 and the renovation budget was $750,583. We funded 100% of the renovation. The after-repair value was estimated to be $1,507,250 so our loan-to-after-repair value was 70%. We approached this Borrower directly after seeing their other local projects in Dallas. The Borrower had a set closing date on a purchase and needed to close within 15 days with favorable terms. Jack Pagliarini, one of iFC’s diligent loan officers, moved the client seamlessly through the process, helping to get all documentation in place in time to ensure a timely and efficient closing. This Borrower was extremely prepared, sending their documents over right away as we started the process, which also helped everything go quickly. The project was almost new construction. The property was to be completely gutted and taken down to the studs. The Borrower plans to sell the property upon completion of the heavy rehab. The loan term was set at 12 months. This SFR fix and flip loan was funded in October 2022.