Indiana is a volume state for flippers. Entry prices are moderate, property tax caps keep holding costs predictable, and older homes in Indianapolis and Fort Wayne turn into strong resales or rentals.
In short: Our top pick for hard money in Indiana is LendingStreet. We close investor fix and flip loans in as little as 10 days, lend up to 90% of cost with up to 100% of rehab on some programs, and rates start from 7.99%. Loans run from $150,000 to $5M+. Many Indiana flips end up as rentals, and we can refinance those into 30-year DSCR loans with no tax returns.
Investors who search for hard money in Indiana usually want two things: a fast close and high leverage. LendingStreet offers both, closing in as little as 10 days and lending up to 90% of cost, with up to 100% of rehab on some programs. Loans run from $150,000 to $5M+ on 1 to 8 unit investment property, with rates from 7.99%.
Our loans fit flippers, investors buying distressed or auction property and anyone who needs a short-term, interest-only loan before a sale or refinance. Because we also make DSCR rental loans, you have a clear long-term option if you decide to keep the property.
To start, send the deal with the form below or call (877) 298-1001.
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 Indiana. 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. |
Indianapolis is the busiest Indiana flip market. Investors work Fountain Square, Garfield Park, Irvington, the Near Eastside, Bates-Hendricks and Haughville, along with older suburbs on the east and west sides. Hamilton County suburbs such as Fishers, Noblesville and Carmel have higher prices and fewer distressed homes.
Fort Wayne has a large stock of older homes at lower prices, and Evansville, South Bend, Lafayette and Muncie offer value with smaller resale ceilings. In Lake County, Gary, Hammond and Merrillville draw investors from the Chicago side of the state line.
When Indiana investors shop for short-term rehab money, they usually weigh local hard money, private individuals and banks. Terms vary from lender to lender, so treat the other columns as general patterns.
| What investors need | LendingStreet | Typical local hard money lender | Typical private lender | Typical bank or credit union |
|---|---|---|---|---|
| Speed to close | As little as 10 days | Often fast | Varies by person | Usually slower; full underwriting |
| Leverage | Up to 90% of cost | Varies; fees and terms vary | Varies by deal | Often lower on distressed homes |
| Rehab funding | Up to 100% of rehab on some programs | Varies | Varies | Often limited for heavy rehab |
| Loan size | $150,000 to $5M+ | Often smaller limits | Limited by the person's capital | Varies |
| Borrow in an LLC | Yes | Usually | Usually | Varies |
| Long-term option | DSCR rental loan with the same team | Short-term only | Short-term only | May need tax returns and W-2s |
| Rates | From 7.99% | Varies | Varies | Varies |
Indiana closings typically run through title companies, and Indiana does not have a state real estate transfer tax. Buyers file a sales disclosure form, and you will still pay title, settlement and recording fees.
Indiana caps property taxes as a share of assessed value, and residential rental property falls in a higher tier than an owner's homestead. That makes holding costs easier to predict on a flip or a rental, but check the actual bill with the county assessor.
Indiana uses judicial foreclosure, which moves through the courts and ends in a sheriff's sale. Investors who buy at sheriff's sales or from banks afterward need funds ready to close on short notice.
In Indianapolis, building permits go through the city's Department of Business and Neighborhood Services, and the city runs a rental registry for landlords. Other cities have their own permit offices and rental rules, so check before you list a finished home for rent.
Much of the older stock in Indianapolis and Fort Wayne was built before 1978, so lead-safe practices apply. Common items include foundation and basement repair, roofs, furnaces, old wiring and sewer laterals. A good scope and contingency protect the spread.
This example is illustrative and not a quote. An investor buys an Indianapolis Near Eastside cottage for $150,000 with a $60,000 rehab budget, for a total cost of $210,000. At 90% of cost, the loan is $189,000, and the investor brings $21,000 plus about $3,750 in estimated purchase closing costs.
The estimated interest-only payment is about $1,654 a month, or $9,924 over a 6-month hold, assuming interest on the full balance for simplicity. If the home sells at an after-repair value of $260,000 with about $20,800 in selling costs, the estimated profit before income taxes is about $15,526.
If the investor keeps it instead, a DSCR refinance at 75% of the $260,000 value is a $195,000 loan, which pays off the $189,000 flip loan. Estimated principal and interest on a 30-year term is about $1,363. With $260 in monthly taxes and $110 in insurance, the total is $1,733. At $1,750 a month in rent, the DSCR is about 1.01x. The new loan covers the flip loan payoff with about $6,000 left over before closing costs.
| Item | Amount |
|---|---|
| Total cost (purchase plus rehab) | $210,000 |
| Loan at 90% of cost | $189,000 |
| Estimated interest-only payment, monthly | $1,654 |
| Estimated carry over the hold | $9,924 |
| Estimated profit if sold | $15,526 |
| DSCR refinance loan at 75% | $195,000 |
| Estimated principal and interest | $1,363 |
| Taxes and insurance, monthly | $370 |
| DSCR at $1,750 rent | About 1.01x |
A flip loan is short-term and interest-only by design, so plan the exit before you close. In Indiana, the exit is usually a sale or a refinance into a long-term rental loan.
LendingStreet offers both sides. When you hold, our DSCR loans qualify on rent, not personal income, with a standard minimum DSCR of 1.0x and sub-1.0 programs for some files. LLC borrowers are standard, terms run 30 years and cash-out is up to 75% LTV. Seasoning varies by program, so ask early.
Before you commit, put these questions to each lender you are considering.
LendingStreet's answers: leverage up to 90% of cost, with up to 100% of rehab on some programs; closings in as little as 10 days; $150,000 to $5M+; LLCs are standard; rehab funding is explained up front for your program; and a DSCR rental loan is ready for the exit, with a 1.0x standard minimum and program-based seasoning.
We think LendingStreet is the strongest choice: hard money style speed, high leverage on cost and rehab, rates from 7.99% and a 30-year DSCR option for keepers, all with one team. Call (877) 298-1001 to start.
Yes. We fund fix and flip, bridge and DSCR rental loans on investment property throughout Indiana, as part of lending in all 50 states and DC.
It helps with planning. Indiana caps property taxes as a share of assessed value, with rental property in a higher tier than a homestead. Confirm the actual bill with the county before you close.
Indianapolis runs a rental registry for landlords. If you plan to hold and rent the home, check the city's current requirements before you lease it.
Yes. LLC borrowers are standard for our investor loans. You may also be asked to sign for the loan personally, depending on the program.
No. We offer fix and flip and bridge loans plus 30-year DSCR rental loans, so you can move from a flip loan to long-term financing with the same team.
In as little as 10 days. Timing depends on title, insurance and how quickly documents come in, so send the full file early.
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