New Hampshire's housing is old, its building season is short and its property taxes are a real holding cost. Pick a lender whose draw process and timeline fit a New England rehab.
In short: There is no single best fix and flip lender in New Hampshire. The right lender for your project offers the lowest total cost on that deal, enough leverage on purchase and rehab, fast draws and terms that allow for winter. LendingStreet finances investment property in New Hampshire, 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. On older homes, compare offers using a timeline that includes surprises behind the walls.
Flippers in the state work with regional banks, credit unions, private lenders and national programs such as Kiavi, CoreVest and RCN Capital, as well as LendingStreet. Programs differ in how they treat multifamily, how fast they inspect draws and how they price newer investors.
A cosmetic flip in Nashua and a gut renovation of a Manchester multifamily call for different terms. Get quotes on the actual property, not a generic scenario.
| What to compare | Why it matters in New Hampshire |
|---|---|
| Total cost in dollars | Higher property taxes make each extra month expensive |
| Leverage on purchase and rehab | Older homes often need large rehab budgets |
| Draw speed and inspection method | Contractors are limited, especially outside the southern tier |
| 2-4 unit eligibility | Mill-city multifamily is a big part of the flip stock |
| Extension terms | Winter and permit timing can push the finish date |
Loans run from $150,000 to $5M+, with terms typically 12 to 18 months and rates from 9.99% for qualified borrowers. With a complete file, we 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, released in draws after each phase is completed and inspected. We finance 2-4 unit properties as well as single-family homes. Experience improves pricing and leverage, and first-time flippers can qualify on some programs, often with a larger down payment.
Manchester and Nashua, in the southern part of the state, carry much of the flip volume. Manchester's history as a mill city left a large stock of older two- and three-family buildings near downtown. Nashua draws buyers who commute toward the Boston area.
Concord, the capital, has older homes close to the center. Portsmouth and Dover on the Seacoast tend to have higher prices and older, sometimes historic, houses. Farther north and west, towns are smaller and sales are thinner, so supporting an after-repair value takes more care.
A large share of the housing was built long before modern codes. Expect to budget for some of the following, and get bids before you set the loan amount.
Exterior work, roofing and site work slow down in winter, and spring mud season can delay jobs on rural roads. Plan the outside work for summer and fall, and schedule interiors for the cold months.
Permits and inspections are handled town by town, and timing varies a lot between a city like Manchester and a small town office. Property taxes are a significant carrying cost in New Hampshire, so include them in your monthly holding number. Confirm local requirements with the town before you close.
This example is illustrative and not a quote. An investor buys a Manchester three-family for $380,000 with $95,000 of planned rehab and an after-repair value of $585,000. On this program the investor qualifies for 80% of purchase ($304,000) plus 100% of rehab ($95,000), a $399,000 loan, about 68% of ARV. The down payment is $76,000.
At a sample rate of 10.2%, interest on the full balance is $3,391.50 a month, or $23,740.50 over seven months. Holding costs, including property taxes, run $1,400 a month. The building sells for $585,000, leaving an estimated profit of $32,784.50.
| Item | Amount |
|---|---|
| Sale price | $585,000 |
| Purchase price | -$380,000 |
| Rehab | -$95,000 |
| Sample closing costs | -$11,500 |
| Interest, 7 months | -$23,740.50 |
| Taxes, insurance, utilities ($1,400 x 7) | -$9,800 |
| Selling costs (5.5%) | -$32,175 |
| Estimated profit | $32,784.50 |
Send the address, contract, a room-by-room scope with bids, comparable sales, bank statements for the down payment and reserves, LLC documents and a list of past projects. For multifamily, include current leases or a note that units will be delivered vacant.
If the property has a well, septic or oil tank, add any test results or inspection reports you have. Our financing team will review the deal and come back with options.
Yes. LendingStreet finances investment property in New Hampshire, including Manchester, Nashua, Concord, Portsmouth and Dover. Loans are business-purpose on non-owner-occupied property, from $150,000 to $5M+.
Yes. We finance 2-4 unit properties on our fix and flip programs. The after-repair value is based on comparable multifamily sales.
If the home was built before 1978, federal rules generally require lead-safe practices and certified contractors for many renovation jobs. Confirm the requirements for your scope with your contractor.
Yes, as long as the systems are in working order or the repair is in the budget. Buyers often test both, so plan for it.
Extra months add interest and holding costs. Build winter into your timeline and ask how extensions work. Terms vary by program.
The best one is the lender that gives you the lowest total cost and the leverage you need on your property. Compare at least two or three offers on the same deal.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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