Alabama flippers work a wide price range, from Birmingham bungalows to Huntsville ranches near the Arsenal, and the deals that work usually move fast. The lender you pick decides how quickly you can lock up a property and how much cash stays in your pocket for the rehab.
In short: Our top pick for hard money in Alabama is LendingStreet. First, we offer hard money style speed, closing in as little as 10 days. Second, fix and flip loans go up to 90% of cost with up to 100% of rehab on some programs, from $150,000 to $5M+. Third, when the work is done, you can refinance into a long-term DSCR rental loan with us instead of hunting for a new lender. That matters because Birmingham, Huntsville, Mobile and Montgomery all have older housing stock that rewards a quick close and a funded rehab budget.
LendingStreet makes business-purpose loans on non-owner-occupied investment property in all 50 states and DC, including every corner of Alabama. Fix and flip and bridge loans cover 1-8 unit residential property, run from $150,000 to $5M+, and are short-term and interest-only.
It suits investors who flip, investors who rehab and rent, and anyone buying a property a regular bank will not finance in its current condition. Most borrowers use an LLC.
Send the deal through the form below, or call (877) 298-1001 to talk it through.
Investors searching for hard money lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Alabama. 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. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| 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. |
Most Alabama investors weigh four kinds of lenders for a rehab: a local hard money lender, a private individual, a local bank or credit union, and LendingStreet. Here is how they usually compare. Other lenders' terms vary, so ask each one directly.
| What investors need | LendingStreet | Typical local hard money lender | Private individual lender | Local bank or credit union |
|---|---|---|---|---|
| Speed to close | As little as 10 days | Often fast; varies | Can be fast; depends on the person | Often slower; full underwriting |
| Leverage | Up to 90% of cost | Varies; often lower | Negotiated deal by deal | Often needs a larger down payment |
| Rehab funding | Up to 100% of rehab on some programs, paid in draws | Varies | Varies | Often limited on distressed homes |
| Loan size | $150,000 to $5M+ | Varies | Limited by one person's capital | Varies by bank |
| Long-term option | Refinance into a DSCR rental loan | Usually short-term only | Rarely | May offer; often needs tax returns |
| Where they lend | All 50 states and DC | Usually local | Usually local | Usually local |
Most Alabama rehab volume sits in four metros. Around Birmingham, investors buy in Crestwood, Avondale, East Lake, Bessemer, Fairfield and the older parts of Hoover, where 1940s to 1970s brick ranches and bungalows need kitchens, baths, roofs and systems. Huntsville and Madison draw buyers tied to Redstone Arsenal and the defense and aerospace employers, so updated three-bedroom homes resell and rent well.
Mobile and Baldwin County add coastal deals, where insurance and wind-rated roofs matter on the resale. Montgomery, Tuscaloosa and Auburn-Opelika round out the map, with student and workforce rentals that suit a flip-then-hold plan.
Alabama mortgages usually carry a power-of-sale clause, so most foreclosures are nonjudicial and move faster than in court-based states. If you buy at a foreclosure sale, remember that Alabama law gives a statutory right of redemption after the sale, which the legislature shortened in 2015 for many properties. Ask a local attorney how it applies before you rehab an auction purchase.
Alabama's deed tax is modest compared with many states, and property taxes are among the lower ones in the country, which helps carrying costs during a rehab. Title insurance and attorney or title company fees vary, so get a settlement estimate early.
These are general notes, not legal advice; confirm the details with a local title company or attorney.
Permits are issued by the city, or by the county outside city limits, and rules differ between Birmingham, Hoover, Huntsville and the smaller towns. Structural, electrical, plumbing and HVAC work generally needs a permit and inspection, and pre-1978 homes call for lead-safe practices.
We fund rehab in draws after inspections, so a clear scope and budget speed things up.
This example is illustrative and not a quote. An investor buys a three-bedroom 1950s brick ranch in Crestwood for $165,000 and budgets $55,000 for the rehab, a total cost of $220,000. At 90% of cost, the loan is $198,000, so the investor brings $22,000 plus about $4,500 in closing costs.
The estimated interest-only payment is about $1,732 a month, figured on the full balance for a conservative budget. Over 6 months that is about $10,392, plus about $1,770 in taxes and insurance, for an all-in cost of about $236,662.
Sale exit: at an after-repair value of $300,000 and about $21,000 in selling costs, the estimated profit is about $42,338 before income taxes.
Hold exit: a DSCR cash-out refinance at 75% of the $300,000 value is $225,000, enough to repay the $198,000 rehab loan with about $27,000 left before refinance closing costs. Estimated principal and interest is about $1,535; with $120 in taxes and $175 in insurance, the payment is about $1,830 against $1,950 in rent, a DSCR of about 1.07x.
| Item | Amount |
|---|---|
| Purchase price | $165,000 |
| Rehab budget | $55,000 |
| Loan at 90% of cost | $198,000 |
| Cash at purchase (down payment plus closing costs) | $26,500 |
| Estimated interest-only payment | $1,732 a month |
| Interest plus taxes and insurance, 6 months | $12,162 |
| After-repair value | $300,000 |
| Estimated profit on sale | $42,338 |
| DSCR at 75% refinance | About 1.07x |
Many local hard money and private loans end at the payoff date, so a Alabama investor who wants to keep the property has to find a new lender. With LendingStreet, the same company can refinance the finished property into a DSCR rental loan.
DSCR loans qualify on the property's rent, with no W-2s or tax returns. Cash-out goes up to 75% LTV and rate-and-term up to 80% on some programs, the standard minimum DSCR is 1.0x, the minimum credit score is 620, and 30-year terms are available. Seasoning varies by program; see our bridge-to-DSCR guide for timing.
Ask every lender the same questions so you can compare them side by side:
A complete file gets the quickest answer. Get a quote with the form below, or call (877) 298-1001 and have these ready:
Our top pick is LendingStreet. We close in as little as 10 days, lend up to 90% of cost with up to 100% of rehab on some programs, and can refinance the finished property into a DSCR rental loan.
Yes. We lend throughout Alabama, along with all 50 states and DC.
Often, yes, but a quick auction close and the post-sale redemption right both need planning. Talk with an Alabama attorney about redemption, then send us the property and budget so we can review timing.
In as little as 10 days when the file is complete. A signed contract, rehab budget and LLC documents help us move quickly.
Birmingham, Huntsville-Madison, Mobile-Baldwin and Montgomery see the most activity, with Tuscaloosa and Auburn adding student-area rentals. We lend statewide, including smaller towns.
Rates start from 7.99%. Your pricing depends on the property, leverage, budget and exit. Get a quote with the form below for your numbers.
Yes. A DSCR loan qualifies on the property's rent, with no W-2s or tax returns. Cash-out goes up to 75% LTV, and seasoning varies by program.
No. Our loans are business-purpose loans on non-owner-occupied investment property only.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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