Houston Fix and Flip Lenders
Are you flipping residential properties in the Houston metro area? On this page you'll find a list of fix and flip lenders throughout Houston'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 Houston 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 Houston
Easy Street Capital, a direct private real estate lender, funded a $140,000 1st lien position fix and flip loan for a single-family home in Houston, TX. We funded 85% of the $140,000 purchase price and $20,000 renovation budget, while the Borrower contributed 15% cash respectively at closing. The after-repair value was $220,000 so our loan-to-after-repair value was 70%. The subject property is approximately 1,364 set in a 13,939-square-foot lot. The Borrower had good credit. They plan to sell the property as an exit strategy upon completion of the cosmetic rehab. The interest rate was 10.9% and we charged 2% origination points. The loan term was set at 6 months. This SFR fix and flip loan was funded in March 2024.Â
Easy Street Capital, a direct private real estate lender, funded a $272,700 1st lien position fix and flip loan for a single-family home in Houston, TX. We funded 100% of the $80,000 renovation budget and 90% of the $223,000 purchase price, while the Borrower contributed only 10% cash to the purchase at closing. The after-repair value was estimated to be $365,000 so our loan-to-after-repair value was 75%. In addition to the cosmetic rehab, the property will get some servicing of the utility systems and some demolition. The interior of the home will be getting new windows, doors, trim, drywall, insulation, paint, flooring, appliances, and an updated kitchen/bathroom. The exterior will be getting new framing, paint, and landscaping. Once the home has been completed, the Borrower put it on the market for sale. The subject property is approximately 2,729 square feet set in a 9,861-square-foot lot. The Borrower had good credit. The interest rate was 11.9% and we charged 2% origination points. The loan term was set at 12 months. This SFR fix and flip loan was funded in December 2023.
Easy Street Capital, a direct private real estate lender, funded a $399,500 1st lien position fix and flip loan for a single-family home in Katy, a city in the Houston metro area. We funded 85% of the $60,000 renovation budget and $410,000 purchase price, while the Borrower contributed 15% cash to the entire project costs, at closing. The after-repair value was $575,000 so our loan-to-after-repair value was 70%. These repeat Borrowers are experienced flippers in the Greater Houston area and are well-capitalized. They will be doing a cosmetic rehab of the subject property with some servicing of the utility systems and demolition. The interior of the home will be getting new drywall, paint, trim, flooring, appliances, and an updated kitchen/bathroom. The exterior of the home will be getting new framing, paint, pressure wash, landscaping, fencing, and a rough clean. The Borrower had good credit. Once the renovation has been completed, they will sell the home. The subject property is approximately 3,481 square feet set in a 9,395-square-foot lot. The interest rate was 9.9% and we charged 2% origination points. This SFR fix and flip loan was funded in December 2023.