Nevada flips are mostly newer homes in HOA communities, which changes the work. The rehab is often cosmetic, the HOA rules are not, and the deals go to buyers who can close fast.
In short: LendingStreet is our top pick among hard money options in Nevada. The reasons are practical: it closes in as little as 10 days, can cover up to 90% of cost and up to 100% of rehab on some programs, and offers a DSCR refinance for Las Vegas and Reno homes that rent well. Loans range from $150,000 to $5M+, rates start from 7.99%, and every loan is a business-purpose loan on investment property.
LendingStreet offers fix and flip and bridge loans for 1-8 unit residential investment property in Nevada. Loans run from $150,000 to $5M+, cover up to 90% of cost and up to 100% of rehab on some programs, and can close in as little as 10 days. They are short-term and interest-only, with rates from 7.99%.
It fits investors renovating homes in Las Vegas, Henderson, North Las Vegas and Summerlin, plus Reno, Sparks and Carson City. LLC borrowers are standard, and when a finished home makes more sense as a rental, the exit is a refinance into a LendingStreet DSCR loan that qualifies on the property's rent, with no W-2s or tax returns.
Ready to price a deal? Fill out the form below or call (877) 298-1001, and we will come back with terms for your Nevada project.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital for a hard money loan for investors in Nevada, 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. |
| 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. |
Flippers in Nevada typically compare local hard money lenders, private lenders and banks or credit unions. Terms vary by lender, so treat the other columns as general patterns rather than rules.
The biggest difference is the exit: LendingStreet can move a finished property straight into a long-term DSCR loan.
| What investors need | LendingStreet | Typical local hard money lender | Private individual lender | Local bank or credit union |
|---|---|---|---|---|
| Loan programs | Fix and flip, bridge and DSCR rental loans in one place | Usually short-term only | Varies by individual | Often conventional products; rehab loans vary |
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Varies; fees and terms vary | Negotiated deal by deal | Often requires a larger down payment |
| Speed | Close in as little as 10 days | Often fast | Can be fast if funds are available | Often slower underwriting |
| Loan size | $150,000 to $5M+ | Varies | Limited to the individual's funds | Varies |
| Pricing | Rates from 7.99% | Varies | Varies | Varies |
| Long-term exit | Refinance into a DSCR loan with the same lender | Usually no long-term option | Usually no long-term option | Possible; often requires tax returns |
| Borrowing in an LLC | Standard | Common | Varies | Varies |
| Where they lend | All 50 states and DC | Usually local or regional | Usually local | Usually local or regional |
Most Nevada flipping happens in the Las Vegas valley. Henderson, Summerlin, North Las Vegas, Spring Valley and Enterprise have large stocks of homes built from the 1990s on, many in HOA communities, while older central neighborhoods have ranch homes from the 1950s through the 1970s.
In northern Nevada, Reno and Sparks have tight inventory and higher prices, with older homes near downtown and newer subdivisions to the south and north. Carson City and Fernley offer lower entry prices with smaller buyer pools.
Nevada charges a real property transfer tax, and the rate varies by county, with Clark and Washoe counties among the higher rates. Ask your title company for the figure on both the purchase and the sale.
Nevada generally uses deeds of trust with a nonjudicial trustee's sale. Nevada law also gives HOA liens priority over a mortgage for a portion of unpaid assessments, so on any foreclosure or distressed purchase, confirm HOA dues are current and get a payoff statement from the association.
Permits run through Clark County, the City of Las Vegas, Henderson, North Las Vegas, Reno, Sparks or Washoe County, depending on the address. HOAs often require architectural approval for exterior paint, landscaping and roofing, which can add time.
Desert heat is hard on roofs, HVAC systems, pools and water heaters, so price those items carefully. Short-term rental rules in Las Vegas and Clark County are restrictive, so most rental exits are planned on long-term leases.
This example is illustrative and not a quote. An investor buys a two-story home in Henderson for $380,000 and budgets $60,000 for flooring, paint, kitchen refresh, HVAC and landscaping. The after-repair value is estimated at $525,000. A loan covering 85% of the price and 100% of the rehab comes to $383,000, about 87.0% of total cost, so the investor brings $57,000 plus closing costs.
The estimated interest-only payment is about $3,351 a month. Over a 5-month hold that is about $16,756 in interest, plus about $2,100 in taxes, insurance and utilities. With assumed buy-side closing costs of $11,400 and selling costs of $36,750, the estimated profit on a sale is about $17,994 on roughly $87,256 of cash invested.
If the investor keeps it as a rental instead, a DSCR refinance at 75% of the after-repair value is $393,750, enough to pay off the $383,000 short-term loan. At $3,250 a month in rent, estimated principal and interest is about $2,686 and taxes and insurance about $420, for a total of $3,106 and a DSCR of about 1.05x, above the 1.0x standard minimum.
| Item | Amount |
|---|---|
| Purchase price | $380,000 |
| Rehab budget | $60,000 |
| After-repair value | $525,000 |
| Short-term loan (85% of price + 100% of rehab) | $383,000 |
| Share of total cost | About 87.0% |
| Estimated monthly interest-only payment | $3,351 |
| Interest over 5 months | $16,756 |
| Estimated profit on sale | $17,994 |
| DSCR refinance at 75% of value | $393,750 |
| Estimated principal and interest | $2,686 |
| DSCR at $3,250 rent | About 1.05x |
Plans change. A slow resale market, a strong rent estimate or a good long-term location can make keeping the home the better move. With LendingStreet, the short-term loan can be refinanced into a DSCR loan that qualifies on the property's rent. In Las Vegas, most rental exits are planned on long-term leases, and HOA leasing rules need to allow rentals before you refinance.
DSCR loans start at $150,000 with no stated maximum, use a 1.0x standard minimum DSCR with sub-1.0 programs available, require a 620 minimum credit score and offer 30-year terms. Rate-and-term refinances go up to 80% LTV on some programs and cash-out goes up to 75%. Seasoning varies by program, so ask before you set your timeline.
Before you sign a term sheet, put each lender through the same questions.
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days, $150,000 to $5M+ with larger balances reviewed case by case, LLC borrowers standard, a 1.0x standard minimum DSCR for the rental exit with sub-1.0 programs, and seasoning that varies by program.
Gather these items, then use the form below or call (877) 298-1001 to get terms.
Our top pick is LendingStreet. It offers hard money style speed, closing in as little as 10 days, up to 90% of cost and up to 100% of rehab on some programs, and a DSCR refinance for homes you keep, all from one investor lender.
Yes. LendingStreet lends on investment property in Nevada and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
LendingStreet can close in as little as 10 days. A complete file with a signed contract, rehab budget and entity documents helps keep the timeline short.
Up to 90% of cost and up to 100% of rehab on some programs. Loans run from $150,000 to $5M+, and the final terms depend on the deal and your experience.
Yes. Many investors refinance into a LendingStreet DSCR loan that qualifies on the property's rent, with no W-2s or tax returns. Seasoning varies by program.
Nevada law gives HOA liens priority over a mortgage for a portion of unpaid assessments. On any distressed purchase, confirm dues are current and get a payoff statement from the association.
Short-term rental rules in Las Vegas and Clark County are restrictive. Most investors plan the rental exit on long-term leases, and the property still has to meet HOA leasing rules.
No. Our loans are business-purpose loans on non-owner-occupied investment property, from single-family homes up to 8 units.
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