A New Orleans flip is rarely a simple paint-and-carpet job. Century-old shotgun doubles, raised cottages on piers, historic district reviews and flood and wind insurance all shape the budget, so the lender you choose has to fund real rehab and move fast.
In short: Our top pick for fix and flip loans in New Orleans, LA is LendingStreet. Investors choose it for three reasons: leverage up to 90% of total cost with up to 100% of the rehab funded on some programs, closings in as little as 10 days, and a built-in exit into a long-term DSCR rental loan if you decide to keep the house. That combination fits a city where many flips involve older raised homes, structural repair and permit review.
LendingStreet is built for investors who buy, renovate and sell. Our fix and flip loans fund 1 to 8 unit residential projects from $150,000 to $5M+, with up to 90% of total cost and up to 100% of the rehab budget on some programs. We can close in as little as 10 days, and loans are short-term and interest-only so your monthly carry stays lean.
It fits New Orleans flippers who want one lender for the purchase, the rehab and the exit, whether that is a sale or a refinance into a long-term DSCR rental loan. To start, get a quote with 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 New Orleans, LA, 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. |
New Orleans flips tend to cluster where older houses sit close to jobs, the river and the main corridors: Bywater, St. Roch, the Seventh Ward, Treme, Mid-City, Gentilly, Broadmoor and Algiers. Across the parish line, Metairie, Kenner, Gretna and Chalmette offer newer ranch and slab homes with simpler scopes.
The housing stock is what makes the city distinct: shotgun singles and doubles, camelbacks, Creole cottages and raised center-hall homes, many built a century or more ago on piers. A shotgun double can be sold as a renovated two-unit or converted to a single, and each path changes both the scope and the buyer pool.
Much of the city sits in local historic districts overseen by the Historic District Landmarks Commission, and the French Quarter falls under the Vieux Carre Commission. Exterior work on windows, siding, porches and roofs can need review before a permit is issued, so build that time into your schedule.
Older raised homes often need pier releveling, new sills, termite repair and full electrical and plumbing updates. Flood zone status, elevation and wind exposure drive insurance cost, and those quotes matter to your buyer as much as to you.
Here is how LendingStreet stacks up against the other types of lenders New Orleans investors usually call. The other columns describe typical patterns, and any given lender can differ.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage | Up to 90% of total cost on some programs | Often lower on investor rehabs; varies | Varies by lender | Negotiated deal by deal |
| Rehab funding | Up to 100% of rehab on some programs, paid in draws | May not lend on a distressed house | Often funds rehab in draws; terms vary | Varies |
| Speed to close | As little as 10 days | Usually slower; full underwriting | Often fast | Can be fast if funds are ready |
| Documentation | Business-purpose loan; LLC borrowers welcome | Often requires tax returns and personal income | Varies | Informal; varies |
| Loan size | $150,000 to $5M+ | Varies; may limit investor exposure | Varies; often smaller balances | Limited by one person's capital |
| After the flip | Sell, or refinance into a LendingStreet DSCR rental loan | Separate application | Usually short-term only; no long-term option | Usually short-term only |
| Where they lend | All 50 states and DC | Usually local or regional | Usually local | Usually local |
This example is illustrative and not a quote. An investor buys a shotgun double in Gentilly for $185,000 and budgets $95,000 to relevel the piers, replace sills, rewire, replumb and finish both units. Total project cost is $280,000. The loan covers 85% of cost, or $238,000: the full $95,000 rehab budget, paid in draws as work is done, plus $143,000 toward the purchase, so the investor brings $42,000 toward the price plus closing costs.
If the full loan were drawn, the estimated interest-only payment would be about $1,983 a month. Over 7 months that is $13,881 of interest plus $6,300 of taxes, insurance and utilities. The home sells for $395,000, and after $31,600 of estimated selling costs and $6,500 of buy-side closing costs the estimated profit is about $56,719, on roughly $68,681 of the investor's own cash.
| Item | Amount |
|---|---|
| Purchase price | $185,000 |
| Rehab budget | $95,000 |
| Total project cost | $280,000 |
| Loan at 85% of cost | $238,000 |
| Rehab funded through draws | $95,000 |
| Loan toward the purchase | $143,000 |
| Cash due toward the purchase | $42,000 |
| Estimated buy-side closing costs | $6,500 |
| Estimated interest-only payment, fully drawn | $1,983 a month |
| Taxes, insurance and utilities while held | $900 a month |
| Months held | 7 |
| After-repair sale price | $395,000 |
| Estimated selling costs | $31,600 |
| Estimated profit before income taxes | $56,719 |
Louisiana follows a civil-law tradition, and the act of sale is typically passed before a notary, who handles much of what a settlement agent does elsewhere. Budget for title insurance, recording, survey and notary fees on both the purchase and the sale, and confirm current parish charges with your closing notary.
Buyers of renovated New Orleans homes look hard at insurance cost, flood zone and elevation. A flip that documents its roof, electrical, plumbing and any structural work tends to sell more smoothly. Plan several months for review, permits and construction, plus time on the market.
A flip loan is built to be paid off quickly, by a sale or a refinance. When a finished house rents well, many investors refinance it into a long-term DSCR loan and keep it, a move often called BRRRR.
LendingStreet's DSCR loans qualify on rent with no W-2s or tax returns, start at $150,000, offer 30-year terms and carry a 1.0x standard minimum DSCR with sub-1.0 programs available. Seasoning varies by program, so plan the timing with your loan officer.
Before you commit to any lender, ask the same questions so you can compare the answers side by side.
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs; draws after the work is inspected; LLC borrowers welcome; closings in as little as 10 days; loans from $150,000 to $5M+, with larger balances reviewed case by case; and a DSCR refinance with a 1.0x standard minimum, sub-1.0 programs and seasoning that varies by program.
A complete file gets a faster answer. Share the contract, the scope of work with a line-item budget, comparable sales and your LLC documents. Then get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. It offers up to 90% of cost and up to 100% of rehab on some programs, closes in as little as 10 days, funds $150,000 to $5M+ and lets you refinance into a DSCR rental loan if you keep the house.
Yes. LendingStreet lends in New Orleans and across Louisiana, and in all 50 states and DC. Our investor loans are business-purpose loans on non-owner-occupied property.
Yes. Our fix and flip loans cover 1 to 8 units, so a double works whether you sell it as two units or convert it to a single. Confirm the legal unit count with the city first.
They can. Exterior changes in local historic districts may need approval before permits are issued. Ask about review timing up front and include it in your interest budget.
Be careful. The city sharply limits short-term rentals in residential neighborhoods. If you keep the house, plan on a long-term lease and a DSCR refinance, and check current rules with the city.
In as little as 10 days on a complete file. Have the contract, scope, budget and LLC documents ready to keep it moving.
Up to 90% of total cost on some programs, including up to 100% of the rehab paid in draws. Exact leverage depends on the deal and the program.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.