Raleigh and the wider Triangle keep drawing new residents, and the older brick ranches, split-levels and cottages inside and just outside the Beltline are a steady source of flips. The investors who win here line up fast, flexible financing before they make an offer.
In short: Our top pick for fix and flip financing in Raleigh, NC is LendingStreet. We combine fast closings, in as little as 10 days, with leverage of up to 90% of cost and up to 100% of rehab on some programs, plus a path into a DSCR rental loan when a flip becomes a keeper. Raleigh's brick ranches and historic cottages trade quickly, and North Carolina's attorney-led closings and historic district reviews reward a lender that is organized and fast. 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 Raleigh 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.
Each loan is short-term and interest-only, and the rehab budget is funded through draws as the work is inspected, which keeps more of your capital available.
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: request a quote with the form below, or reach our team at (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 Raleigh, NC. 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. |
Raleigh 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 look at Southeast Raleigh, Mordecai, Brentwood and the older streets near downtown, plus historic districts such as Oakwood, Boylan Heights and Glenwood-Brooklyn. Much of the stock is 1950s to 1970s brick ranches and small cottages on generous lots.
Around Wake County, Garner, Knightdale, Wendell, Cary, Wake Forest and Fuquay-Varina offer newer split-levels and ranches, and Clayton in neighboring Johnston County adds more entry-level options. Buyers often compare a renovated older home with new construction nearby, so finishes and price have to compete.
Permits inside city limits come from the City of Raleigh, while Garner, Cary and other towns run their own offices. In Raleigh's historic overlay districts, exterior changes need a Certificate of Appropriateness from the Raleigh Historic Development Commission, which adds review time to window, siding, porch and addition work.
Common rehab items include crawl space moisture, aging HVAC systems, older electrical panels and drainage on red clay soils. Get an HVAC and crawl space inspection early, because those costs can move the budget more than finishes do.
North Carolina charges an excise tax, often called revenue stamps, of $1 per $500 of price, and the seller usually pays it. A flipper pays it on the resale. Closings in North Carolina are handled by attorneys, so line up your closing attorney when you go under contract.
Wake County property taxes are set by the county and each town. The Triangle's spring market tends to be strongest, and well-priced renovated homes often move quickly.
This example is illustrative and not a quote. An investor buys a brick ranch in Garner for $245,000 and plans a $60,000 renovation. The loan covers 85% of the purchase and 100% of the rehab, or $268,250, which is about 88% of total cost.
At closing the investor brings about $41,250: the 15% down payment plus about $4,500 in estimated closing costs. Once the rehab is fully drawn, the estimated interest-only payment is about $2,347 a month. Over 5 months, assuming the full loan is outstanding the whole time, interest is about $11,736, and taxes, insurance and utilities add about $3,000.
The house sells for $395,000. Selling costs of about 6.5% of the price, including commission, attorney fees and excise tax, come to $25,675. The estimated profit before income taxes is about $45,089. Because rehab funds are drawn over time, actual interest is usually lower.
| Item | Amount |
|---|---|
| Purchase price | $245,000 |
| Rehab budget | $60,000 |
| Loan (85% of purchase + 100% of rehab) | $268,250 |
| Loan as share of total cost | About 88% |
| Cash at closing | $41,250 |
| Estimated monthly interest-only payment | $2,347 |
| Interest over 5 months | $11,736 |
| Taxes, insurance and utilities | $3,000 |
| Selling costs | $25,675 |
| Resale price | $395,000 |
| Estimated profit before income taxes | $45,089 |
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. When you have a property, request a quote with the form below.
Most Raleigh 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. Request a quote with the form below, or reach our team at (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 Raleigh and the rest of North Carolina, 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.
Yes, for exterior work. Oakwood, Boylan Heights, Glenwood-Brooklyn and other historic overlay districts require a Certificate of Appropriateness before changes to the outside of a home. Interior work follows normal permit rules.
A closing attorney. North Carolina closings are attorney-led, so choose one early and share the contract and title details as soon as you are under contract.
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 request a quote with the form below, or reach our team at (877) 298-1001.
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