Pittsburgh flips are won or lost behind the walls. Much of the city's housing was built before World War II, on steep lots, with brick, plaster and old plumbing, so the lender you pick has to fund a real rehab budget and close before the deal slips away.
In short: Our top pick for fix and flip financing in Pittsburgh, PA is LendingStreet. We fund up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days, and offer a refinance into a long-term DSCR rental loan if you decide to hold. Pittsburgh's older brick and frame homes reward investors who can fund a full rehab, and Pennsylvania transfer taxes on both the purchase and the resale make a tight budget essential. Loans run from $150,000 to $5M+ on 1-8 unit investment properties.
LendingStreet is a business-purpose lender built for real estate investors, and our fix and flip loans fit the way Pittsburgh investors work: buy a dated house, renovate it, and sell it or keep it as a rental. We lend on non-owner-occupied 1-8 unit properties in all 50 states and DC.
The loan is short-term and interest-only, with rehab funds released in draws as work is completed and inspected. That keeps your cash free for the project instead of tied up in the renovation.
It fits experienced flippers scaling up, contractors who renovate for profit, and newer investors with a solid plan and a capable team. The next step is simple: get a quote with the form below, or call (877) 298-1001.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Pittsburgh, PA. In every scenario below, LendingStreet is the best fit.
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. |
Pittsburgh flippers usually choose among local banks and credit unions, local hard money lenders, private individual lenders and investor lenders like LendingStreet. Banks suit some borrowers but often want tax returns and take longer. Local hard money lenders are often quick, but terms vary and most offer no long-term option.
Here is how the options usually line up on what matters most for a flip.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Often lower on investor rehab loans | Varies by lender |
| Speed | Close in as little as 10 days | Often several weeks | Often fast |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Varies; some cap smaller balances |
| Paperwork | Built around the deal and your plan | Often requires tax returns | Varies |
| Long-term option | Refinance into a LendingStreet DSCR loan | Varies by bank | Usually short-term only |
| Where they lend | All 50 states and DC | Usually local or regional | Often one metro or state |
Inside the city, investors work neighborhoods such as Lawrenceville, Bloomfield, Morningside, Troy Hill, Brookline, Beechview, Carrick and Spring Hill. Many blocks are lined with brick rowhouses, two-story frame homes and foursquares that have not been updated in decades.
Just outside the city, Mt. Lebanon, Dormont, Bellevue, Ross, Penn Hills and Monroeville draw buyers who want a renovated house with a yard and a reasonable commute. Prices vary block to block, so comps from the same street and school district matter more than a citywide average.
Inside city limits, building permits come from the City of Pittsburgh's Department of Permits, Licenses and Inspections. Allegheny County has 130 municipalities, and each suburb runs its own code office, so confirm permit rules for the exact address before you set a timeline.
Budget for the usual pre-war items: knob-and-tube wiring, galvanized or cast iron plumbing, plaster walls, old roofs and basement water. Homes built before 1978 may contain lead paint, and federal rules require certified contractors for work that disturbs it. Hillside lots can bring retaining wall, drainage and foundation repairs, and some municipalities require a sewer lateral inspection or dye test before a sale closes.
Pennsylvania charges a 1% state realty transfer tax, and local governments add their own. Pittsburgh's combined local rate is higher than in many Pennsylvania towns, and buyers and sellers often split the total by custom. A flipper pays transfer tax when buying and again when selling, so build both into the numbers and confirm current rates with Allegheny County.
Property tax bills include county, municipal and school district taxes. Spring and early summer listings tend to draw the most buyers, so many investors plan a winter rehab and a spring sale.
This example is illustrative and not a quote. An investor buys a brick single-family home in Brookline for $165,000 and plans a $70,000 renovation. The loan covers 85% of the purchase and 100% of the rehab, or $210,250, which is about 89% of total cost.
At closing the investor brings about $31,250: the 15% down payment plus about $6,500 in estimated closing costs. Once the rehab is fully drawn, the estimated interest-only payment is about $1,840 a month. Over 6 months, assuming the full loan is outstanding the whole time, interest is about $11,038, and taxes, insurance and utilities add about $3,900.
The house sells for $315,000. Selling costs of about 8% of the price, including commission and the seller's share of transfer tax, come to $25,200. The estimated profit before income taxes is about $33,362. Because rehab funds are drawn over time, actual interest is usually lower.
| Item | Amount |
|---|---|
| Purchase price | $165,000 |
| Rehab budget | $70,000 |
| Loan (85% of purchase + 100% of rehab) | $210,250 |
| Loan as share of total cost | About 89% |
| Cash at closing | $31,250 |
| Estimated monthly interest-only payment | $1,840 |
| Interest over 6 months | $11,038 |
| Taxes, insurance and utilities | $3,900 |
| Selling costs | $25,200 |
| Resale price | $315,000 |
| Estimated profit before income taxes | $33,362 |
Before you sign a term sheet, ask every lender the same questions so you can compare offers side by side:
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs, draws released after inspections, closings in as little as 10 days, LLC borrowers welcome, loans from $150,000 to $5M+ with larger balances reviewed closely, and a DSCR refinance ready if you hold. To see your numbers, get a quote with the form below.
Most Pittsburgh flips end in a sale. If the market shifts or the rent looks strong, you can instead refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with no W-2s or tax returns. DSCR loans offer 30-year terms, a standard minimum DSCR of 1.0x, cash-out up to 75% LTV and rate-and-term up to 80% on some programs.
Send the address, purchase price, rehab budget and expected resale value, and we will size the loan around your plan. Get a quote with the form below, or call (877) 298-1001 to talk through the deal. Projects of 9+ units fall under our commercial programs instead.
Our top pick is LendingStreet. We offer up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days, loans from $150,000 to $5M+ and a DSCR refinance if you decide to hold. Compare any lender on leverage, speed, draws and exit options.
Yes. We lend throughout Pittsburgh and the rest of Pennsylvania, and in all 50 states and DC, on non-owner-occupied 1-8 unit investment properties.
We can close in as little as 10 days. Timing depends on title, the valuation and how quickly you send the contract, rehab budget and entity documents.
Up to 90% of total cost, with up to 100% of the rehab funded on some programs. Rehab funds are released in draws after work is inspected.
Most structural, electrical, plumbing and mechanical work needs a permit. In the city, that runs through the Department of Permits, Licenses and Inspections; in the suburbs, each municipality has its own code office. Check before you close so the timeline is realistic.
You pay realty transfer tax twice: once on the purchase and once on the sale. The state rate is 1% and local rates are added on top, so confirm the combined rate for the address and include both sides in your budget.
Yes. You can refinance into a LendingStreet DSCR rental loan that qualifies on the property's rent, with 30-year terms available and LLC borrowers standard.
Pricing depends on the deal, your experience and the leverage you choose. The fastest way to see real terms is to get a quote with the form below, or call (877) 298-1001.
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