Boston flips cost more and take longer than most. Old wood-frame two-families and triple-deckers, lead paint rules and city permitting all stretch the budget, so the lender you pick has to handle larger balances and fund the rehab without slowing you down.
In short: Our top pick for fix and flip loans in Boston, MA is LendingStreet. Three reasons: leverage up to 90% of cost with up to 100% of rehab on some programs, closings in as little as 10 days, and a long-term DSCR loan with the same team. Loan sizes run to $5M+, which fits Greater Boston prices, from Dorchester two-families to suburban gut rehabs.
Greater Boston investors choose LendingStreet because one lender covers the whole project: the purchase, the rehab draws and, if you keep the home, the long-term DSCR loan. Loans run from $150,000 to $5M+, with up to 90% of cost and up to 100% of rehab on some programs.
We close in as little as 10 days, which matters when a seller wants a quick, clean offer. The program is for non-owner-occupied investment property with 1 to 8 units. The next step is simple: fill in the form below or call (877) 298-1001.
Well-known fix and flip lenders include Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Boston, MA, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Your choices in Greater Boston include local banks and credit unions, local hard money lenders, private individual lenders and national online lenders. Terms vary widely within each type, so compare on the items below and ask every lender the same questions.
Private individuals can move quickly, though terms are set deal by deal and a long-term refinance has to come from somewhere else.
| What flippers need | LendingStreet | Typical local bank | Typical local hard money lender |
|---|---|---|---|
| Leverage on the project | Up to 90% of cost on some programs | Often lower; more cash in | Varies by lender |
| Rehab funding | Up to 100% of rehab on some programs, in draws | Often limited for flips | Often offered; terms vary |
| Closing speed | As little as 10 days | Often several weeks | Often fast |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Varies; large loans can be harder |
| Entity borrowers | LLCs welcome | Varies | Usually allowed |
| Long-term rental option | DSCR refinance with the same team | Possible; often based on tax returns | Usually short-term only |
| Where they lend | All 50 states and DC | Often a local footprint | Often local or regional |
Inside the city, flippers work in Dorchester, Roxbury, Mattapan, Hyde Park, Roslindale and East Boston, where two-families and triple-deckers still trade below fully renovated prices. Many projects end as condo sales or as an updated multi-family sold to an owner or investor.
Outside the city, Quincy, Malden, Revere, Lynn and Brockton offer lower buy prices with commuter rail or subway access, and Worcester is a common next step for investors priced out of Route 128. In Somerville, Cambridge and Newton, high-end rehabs can reach $1M or more, which our program range covers.
Much of the housing stock was built between the 1890s and the 1930s. Expect knob-and-tube wiring, old boilers, failing porches on triple-deckers, uneven framing and lead paint. Pre-1978 homes need federal lead disclosures at sale, and Massachusetts has its own lead law that applies when young children live in a home, so plan lead-safe work practices from the start.
Permits in the city go through Inspectional Services, and adding units or changing a building's use often needs zoning relief. Landmark and architectural conservation districts add review for exterior work. Converting a two- or three-family into condos is a popular exit, but it brings condo documents and, in occupied buildings, city tenant rules, so budget the extra months.
Massachusetts charges a deed excise tax on sales, generally $4.56 per $1,000 of price, usually paid by the seller, so it comes out of your proceeds at resale. Attorneys typically handle closings and title work in the state.
Boston's residential exemption only applies to owner-occupants, so an investor's tax bill can be higher than the seller's. Older wood-frame buildings and coastal flood zones in parts of East Boston and Dorchester can push insurance costs up. Confirm current figures with your attorney and agent.
This example is illustrative and not a quote. An investor buys a dated Dorchester two-family for $720,000 with a $180,000 rehab budget, for a total project cost of $900,000. At 90% of cost, the loan is $810,000. The full $180,000 rehab budget is held for draws, and $630,000 goes toward the purchase at closing.
The investor brings $90,000 toward the project, plus about $12,000 in estimated buy-side closing costs and $15,000 for taxes, insurance and utilities over a 9-month hold, so about $117,000 in all. The finished home sells for $1,150,000, with about $62,000 in selling costs.
Before loan interest, the profit is about $161,000 ($1,150,000 minus $62,000, $900,000, $12,000 and $15,000). The interest-only payments come out of that figure, and your quote will show them. If the sale market softens, the same home can be refinanced into a DSCR rental loan instead.
| Line item | Amount |
|---|---|
| Purchase price | $720,000 |
| Rehab budget (funded in draws) | $180,000 |
| Total project cost | $900,000 |
| Loan at 90% of cost | $810,000 |
| Investor cash toward project | $90,000 |
| Estimated closing and holding costs | $27,000 |
| Sale price less selling costs | $1,088,000 |
| Profit before loan interest | $161,000 |
Boston projects often run longer than a typical flip because of permits, inspections and, for condo exits, the paperwork. Many investors plan on a hold of nine months or more. Spring is traditionally the busiest listing season, so a project bought in summer may be timed for the following spring.
Not every flip has to sell. With LendingStreet, you can refinance into a 30-year DSCR loan that qualifies on rent, with a 620 minimum credit score and a 1.0x standard minimum DSCR. Cash-out goes up to 75% LTV and rate-and-term up to 80% on some programs, and seasoning varies.
Ask every lender the same questions so you can compare offers side by side.
LendingStreet's answers are short: up to 90% LTC and up to 100% of rehab on some programs, draws paid after inspections, closings in as little as 10 days, LLCs welcome, $150,000 to $5M+, and a DSCR refinance at a 1.0x standard minimum with seasoning that varies by program. Ready to compare? Get a quote with the form below or call (877) 298-1001.
We recommend LendingStreet as the top pick for Boston flippers: one investor lender for the purchase, rehab draws and a long-term DSCR exit, with loans from $150,000 to $5M+ and closings in as little as 10 days.
Yes. We finance fix and flip projects throughout Greater Boston and the rest of Massachusetts, as part of our coverage of all 50 states and DC.
Loans run from $150,000 to $5M+. On some programs we fund up to 90% of total cost and up to 100% of the rehab budget. Final leverage depends on the property, the plan and your experience.
In as little as 10 days. Having the purchase contract, rehab budget, scope of work and entity documents ready helps keep the timeline short.
Yes. LLC and other entity borrowers are welcome, and you will usually sign for the loan personally as well.
You can refinance into a DSCR rental loan qualified on the property's rent, with 30-year terms and a 1.0x standard minimum DSCR. Seasoning varies by program, so ask early.
Yes. LendingStreet treats 1 to 8 unit properties as residential, so two-families and triple-deckers fit our fix and flip program. If you plan to keep the building, the same team can refinance it into a DSCR loan qualified on the combined rent.
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