Missouri flips often start with an older brick house and a long punch list. The right lender is the one that funds that rehab on time and prices the whole deal fairly, not the one with the loudest rate.
In short: There is no single best fix and flip lender in Missouri. The best fit is the lender whose total cost, leverage, draw speed, experience rules, extension terms and closing timeline match your specific project. LendingStreet finances investment property in Missouri, with fix and flip 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. Line up full term sheets on the same property and compare them side by side before you sign a contract.
Kiavi, Lima One and RCN Capital also offer fix and flip loans to Missouri investors, along with LendingStreet and a range of local private lenders. Each one sets its own rules for leverage, experience, property condition and draws.
A lender that fits a light cosmetic flip in a Kansas City suburb may not be the best choice for a gut rehab of a two-family brick building in St. Louis. Judge each offer against the deal in front of you.
The headline rate is only one line. Put every offer into the same table so the real differences show up.
| Factor | What to ask | Why it matters |
|---|---|---|
| Total cost | Rate plus all lender and closing costs, in dollars | A lower rate can cost more once fees are added |
| Leverage | Share of purchase and rehab financed, and any cap on ARV | Decides how much cash you bring to closing |
| Draw speed | Days from request to funds, and how inspections are done | Slow draws stall contractors on older homes |
| Experience rules | How past flips change leverage and rate | First-time flippers often see lower leverage |
| Extension terms | Cost and conditions to add months | Old houses tend to hide surprises |
| Closing speed | Realistic days to fund from a signed contract | Matters when sellers want a fast close |
Our fix and flip loans run from $150,000 to $5M+, with terms typically 12 to 18 months and closings in as little as 10 days when the file is complete. Rates start at 9.99% for qualified borrowers and move with experience, leverage and the market.
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. Our financing team reviews your scenario and comes back with 2 to 3 options.
St. Louis is known for its brick housing stock, much of it decades old, and conditions can change block to block. Many investors work the city's south side neighborhoods and inner-ring suburbs in St. Louis County. Kansas City offers a mix of older city homes and newer suburban houses on the Missouri side of the state line.
Springfield, home to Missouri State University, and Columbia, home to the University of Missouri, draw investors who flip starter homes or renovate for buyers tied to the schools and hospitals. Prices in any market move, so treat any figure you see as illustrative and pull your own recent sales.
St. Louis County is made up of dozens of separate municipalities, and many of them require an occupancy permit or inspection when a home changes hands. That can add a step both when you buy and when you sell. Kansas City, Springfield and Columbia each run their own permit offices with their own review times.
Rules and timelines change, so confirm requirements with the city or county building department and your title company before you set a schedule. Build permit time into the budget and ask each lender how extensions work if a city inspection slips.
This example is illustrative and not a quote. An investor buys a brick single-family home for $190,000 with a $70,000 rehab budget and an expected after-repair value of $340,000. The loan covers 85% of the purchase ($161,500) plus 100% of the rehab ($70,000), for a total of $231,500, about 68% of ARV. The investor brings a $28,500 down payment.
At a sample rate of 10.75%, with interest on the full balance to stay conservative, interest is about $2,074 a month, or $14,516.98 over seven months. The home sells for $340,000 and the investor nets about $28,900.
| Item | Amount |
|---|---|
| Sale price | $340,000 |
| Purchase price | -$190,000 |
| Rehab | -$70,000 |
| Sample closing costs | -$8,900 |
| Interest, 7 months | -$14,516.98 |
| Taxes, insurance, utilities ($550 x 7) | -$3,850 |
| Selling costs (7%) | -$23,800 |
| Estimated profit | $28,933.02 |
| Cash invested (down payment, closing costs, interest, holding) | $55,766.98 |
Send the address, signed contract or offer price, a line-item scope of work, comparable sales that support your ARV and bank statements showing cash for the down payment, closing costs and reserves. Add LLC documents and a list of past projects if you have them.
If you are bidding against cash buyers, send the deal before you commit. We can tell you what leverage the property supports and how fast it can close.
Yes. LendingStreet finances investment property in Missouri, including St. Louis, Kansas City, Springfield and Columbia. Loans are business-purpose on non-owner-occupied property, from $150,000 to $5M+.
It depends on the deal. Kiavi, Lima One, RCN Capital and LendingStreet all finance flips. Compare total cost, leverage, draw speed and extension terms on the same property to see which fits.
With up to 90% of the purchase financed, you bring at least 10% of the price plus closing costs, and cash to front the first phase of work before the first draw. First-time flippers often see lower leverage.
They can. Many municipalities require an inspection or occupancy permit at sale, which can add repairs or time. Confirm the rules with the city and your title company before you set your timeline.
Yes. LendingStreet also finances investment property in Kansas. Each state has its own rules, so tell us which side of the line the property is on.
Yes. Many investors refinance into a DSCR rental loan after the rehab, which qualifies on the property's rent instead of personal income.
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