Phoenix flips are mostly single-story ranch homes, and the work that sells them is predictable: cooling, roofs, panels, plumbing and pools. Competition for good houses is real, so a fast close and a lender that funds the rehab are what keep a Valley flip on schedule.
In short: Our top pick for fix and flip loans in Phoenix, AZ 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 fits the Valley, where competition for good houses rewards a fast close and the HVAC, roof and pool often decide the budget.
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 Phoenix 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.
If you are weighing Dominion Financial, LendingOne, Lima One and RCN Capital for a fix and flip loan for investors in Phoenix, AZ, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
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. |
Phoenix flips are mostly single-story block or frame-and-stucco ranch homes built from the 1950s through the 1980s. Investors work Maryvale, Sunnyslope, Coronado, Garfield, South Mountain, Laveen and the neighborhoods around Encanto inside the city, and suburbs across Maricopa County such as Mesa, Glendale, Tempe, Chandler, Gilbert and Avondale.
Newer subdivisions usually have HOAs and older ones often do not, and pools, lot size and a garage versus a carport all show up in resale value. As everywhere, comparable sales should drive the finish level.
In the Phoenix heat, cooling is not optional: buyers and inspectors look closely at the age and size of the HVAC system. Older homes also commonly need work on flat or low-slope roof sections, updated electrical panels, replacement of old galvanized or polybutylene plumbing, and pool resurfacing or new equipment.
Permits come from the City of Phoenix Planning and Development Department or the city where the property sits. Phoenix also has historic districts, such as Encanto-Palmcroft and Willo, where exterior changes need review.
Here is how LendingStreet stacks up against the other types of lenders Phoenix 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 1970s block ranch in Maryvale for $310,000 and budgets $65,000 for a new HVAC system, roof work, an electrical panel, kitchen, flooring and pool resurfacing. Total project cost is $375,000. The loan covers 85% of cost, or $318,750: the full $65,000 rehab budget, paid in draws as work is done, plus $253,750 toward the purchase, so the investor brings $56,250 toward the price plus closing costs.
If the full loan were drawn, the estimated interest-only payment would be about $2,656 a month. Over 5 months that is $13,280 of interest plus $4,500 of taxes, insurance and utilities. The home sells for $465,000, and after $32,000 of estimated selling costs and $5,500 of buy-side closing costs the estimated profit is about $34,720, on roughly $79,530 of the investor's own cash.
| Item | Amount |
|---|---|
| Purchase price | $310,000 |
| Rehab budget | $65,000 |
| Total project cost | $375,000 |
| Loan at 85% of cost | $318,750 |
| Rehab funded through draws | $65,000 |
| Loan toward the purchase | $253,750 |
| Cash due toward the purchase | $56,250 |
| Estimated buy-side closing costs | $5,500 |
| Estimated interest-only payment, fully drawn | $2,656 a month |
| Taxes, insurance and utilities while held | $900 a month |
| Months held | 5 |
| After-repair sale price | $465,000 |
| Estimated selling costs | $32,000 |
| Estimated profit before income taxes | $34,720 |
Arizona does not charge a real estate transfer tax, a meaningful difference from many states. Buyers and sellers still pay escrow, title and recording fees and a small affidavit fee, and escrow companies typically handle the closing. Ask your escrow officer for current figures.
Summer heat slows some exterior work and showings, and buyers compare your flip with new construction on the edges of the metro. Keep the hold short and the scope matched to the comps.
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 Phoenix and across Arizona, and in all 50 states and DC. Our investor loans are business-purpose loans on non-owner-occupied property.
No. Arizona does not charge a real estate transfer tax, though you will still pay escrow, title and recording fees and a small affidavit fee on each side of the flip.
Usually the HVAC system, the roof, the electrical panel, the plumbing and the pool. Buyers and inspectors in the Valley focus on these first.
Yes. You can refinance into a DSCR rental loan that qualifies on the rent. For nightly rentals, check city licensing and HOA rules before you plan on that income.
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.
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