In Louisiana, insurance and flood exposure can decide a flip before the rehab starts. The right lender helps you size the loan with those costs in view and funds draws on a schedule that fits storm season.
In short: The best fix and flip lender in Louisiana is the one that gives you the lowest total cost on your project, enough leverage on purchase and rehab, dependable draws and a term long enough to absorb weather delays. LendingStreet finances investment property in Louisiana, with rates from 9.99% for qualified borrowers, up to 90% of the purchase price and up to 100% of the rehab budget paid in draws. Before comparing rates, get real insurance quotes for the property, because flood and wind coverage can change the math more than a small rate difference.
Louisiana property insurance has become expensive and harder to find in many areas, and the lender will require coverage on the property during the rehab. Flood insurance may be required in designated flood zones, and it can be wise even outside them.
Once you know your insurance cost, compare lenders on the same timeline and in dollars.
We finance flips from $150,000 to $5M+, with rates from 9.99% for qualified borrowers. Terms typically run 12 to 18 months, and a complete file can close in as little as 10 days.
We finance up to 90% of the purchase price and up to 100% of the approved rehab budget. Rehab funds are released in draws after each phase is completed and inspected. Experience helps pricing and leverage, and first-time flippers can qualify on some programs, often at lower leverage. The financing team reviews the deal and comes back with 2 to 3 options.
New Orleans has some of the most distinctive housing in the country: shotgun singles and doubles, Creole cottages and raised center-hall homes, many over a century old. Neighborhoods such as Bywater, the Seventh Ward, Mid-City and Gentilly have long seen renovation activity, and some sit in local historic districts with exterior review.
Baton Rouge, the capital and home to LSU, has a mix of older homes near downtown and postwar ranch houses in the suburbs. Lafayette is the center of Acadiana, Shreveport and Bossier City anchor the northwest near Barksdale Air Force Base, and Lake Charles has been rebuilding from major hurricanes in 2020.
Formosan subterranean termites are a well-known problem in New Orleans and other parts of south Louisiana, so termite inspection and treatment belong in most budgets. High humidity, older pier-and-beam foundations and low elevations mean buyers look closely at moisture, rot, drainage and leveling.
Hurricane season runs from June through November. Plan roof and exterior work to get the house dried in early, and keep the property insured and secured. Permitting is handled by each parish or city, and in New Orleans, historic district rules can add review time for exterior changes.
This example is illustrative and not a quote. An investor buys a shotgun double for $240,000, plans $120,000 of rehab and expects an ARV of $450,000. The loan covers 85% of the purchase ($204,000) plus 100% of the rehab ($120,000), for $324,000, about 72% of ARV. The investor brings $36,000 down.
At a sample rate of 10.75% with interest on the full balance, interest is $2,902.50 a month, or $23,220 over eight months. Holding costs run $1,250 a month: $650 for insurance including flood and wind, $250 for taxes and $350 for utilities and security.
| Item | Amount |
|---|---|
| Sale price | $450,000 |
| Purchase price | -$240,000 |
| Rehab | -$120,000 |
| Sample closing costs | -$8,500 |
| Interest, 8 months | -$23,220 |
| Holding costs ($1,250 x 8) | -$10,000 |
| Selling costs (6%) | -$27,000 |
| Estimated profit | $21,280 |
Louisiana property law follows a civil law tradition, unlike the common law system in the other states. Terms, documents and closing practices can differ from what investors see elsewhere, and notaries play a larger role in real estate transactions.
If you are investing in Louisiana for the first time, work with a local title company or real estate attorney who can explain how your purchase and sale will be handled. That is especially useful for succession properties and older titles.
Send the address, purchase contract, a line-item scope, comparable sales, insurance quotes, flood zone information and bank statements showing the down payment, closing costs and reserves. Add LLC documents and a list of past projects.
We can review the deal before you commit and show how insurance and holding costs affect your leverage and margin.
Yes. LendingStreet finances investment property in Louisiana, including New Orleans, Baton Rouge, Lafayette and Shreveport. Fix and flip loans are business-purpose loans on non-owner-occupied property from $150,000 to $5M+.
It depends on your project. Lima One, Kiavi and CoreVest also write investor loans, and coverage varies by state, so confirm each lender finances in Louisiana. Compare total cost, leverage, draws and insurance requirements on the same property.
If the property is in a designated flood zone, the lender will usually require it. Many investors carry it outside those zones too. Get a quote before you set your offer.
Yes, when the numbers work. Historic district review can add time for exterior changes, so build that into your schedule and loan term.
Keep the property insured and secured, and ask about extension terms before you close. Extensions are often available if the loan is current, usually for a fee, and terms vary by program.
Yes. A DSCR loan can pay off the short-term loan once the property is renovated and rented, qualifying on the property's rent.
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