New Orleans rehabs are different from anywhere else: raised shotgun doubles, camelbacks and Creole cottages, historic review on many blocks, and flood and wind insurance that can make or break the numbers. Speed matters, but so does a lender that understands the exit.
In short: LendingStreet is our top pick for hard money in New Orleans. It closes in as little as 10 days, funds up to 90% of cost and up to 100% of rehab on some programs, and can refinance a finished double into a DSCR rental loan that qualifies on the combined rent. Loans run from $150,000 to $5M+ with rates from 7.99%, on 1-8 unit investment property in Orleans, Jefferson and St. Bernard parishes.
LendingStreet is built for investors who need to move fast in New Orleans. Our short-term, interest-only loans on 1-8 unit investment property range from $150,000 to $5M+, fund up to 90% of cost and up to 100% of rehab on some programs, and can close in as little as 10 days, with rates from 7.99%.
It fits investors restoring shotgun doubles in Mid-City, Gentilly and the Seventh Ward, renovating cottages in Bywater, St. Roch and the Irish Channel, and updating ranch homes in Metairie, Kenner, Harvey and Chalmette. LLC borrowers are standard.
The next step is simple: 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 New Orleans, LA. 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. |
In New Orleans, investors usually compare a local hard money lender, private money or a neighborhood bank. Terms vary, so read these as general patterns.
The biggest gap is the exit. LendingStreet can move a finished double straight into a long-term DSCR loan.
| Question to ask | LendingStreet | Typical hard money lender | Private money | Community bank |
|---|---|---|---|---|
| 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 |
The classic New Orleans investment is the shotgun double: two units side by side under one roof, often raised on piers. Investors renovate them as two rentals or convert them to a single home for resale. Older homes commonly need pier and sill work, termite damage repair, new wiring and plumbing, and roofs built for heavy rain and wind.
Many neighborhoods fall under historic district rules, where exterior changes such as windows, siding and porches need approval before work starts. Check with the city's historic district office and the permitting department before you finalize the scope.
Flood and wind insurance are often the largest carrying costs on a New Orleans property. Check the flood zone and the elevation of the home, and get real quotes during due diligence, not after closing. Those premiums also drive the DSCR on a rental exit.
Louisiana closings are handled by a notary, and title on older homes can turn up successions or heirs who still hold an interest, which takes time to clear. Short-term rentals are heavily restricted in most New Orleans residential areas, so plan rental exits around long-term leases.
This example is illustrative and not a quote. An investor buys a raised shotgun double in Mid-City that needs new systems, two kitchens, two baths, pier work and a roof, then keeps both units as long-term rentals. The purchase price is $240,000, the rehab budget is $120,000 and the after-repair value is estimated at $460,000. A loan covering 80% of the price and 100% of the rehab comes to $312,000, about 86.7% of the $360,000 total cost, so the investor brings $48,000 plus closing costs.
The estimated interest-only payment is about $2,730 a month. Over a 8-month hold that is about $21,840 in interest, plus about $5,600 in taxes, insurance and utilities.
Instead of selling, the investor keeps it. A DSCR refinance at 75% of the after-repair value is $345,000, enough to pay off the $312,000 short-term loan. At $3,500 a month in rent, estimated principal and interest is about $2,383 and taxes and insurance about $1,050, for a total of $3,433 and a DSCR of about 1.02x, above the 1.0x standard minimum.
Notice how much of the monthly payment is taxes and insurance. In New Orleans, a higher flood or wind quote can push the ratio below 1.0x, so get quotes early.
| Item | Amount |
|---|---|
| Purchase price | $240,000 |
| Rehab budget | $120,000 |
| After-repair value | $460,000 |
| Short-term loan (80% of price + 100% of rehab) | $312,000 |
| Share of total cost | About 86.7% |
| Estimated monthly interest-only payment | $2,730 |
| Interest over 8 months | $21,840 |
| DSCR refinance at 75% of value | $345,000 |
| Estimated principal and interest | $2,383 |
| Estimated taxes and insurance | $1,050 |
| DSCR at $3,500 rent | About 1.02x |
Doubles make the hold decision easy for many New Orleans investors, because two rents carry one payment. With LendingStreet, the short-term loan rolls into a DSCR loan that qualifies on the combined rent, with no need to find a second lender.
Our DSCR loans begin at $150,000 with no stated maximum, qualify on rent with no W-2s or tax returns, and use a 1.0x standard minimum DSCR, with sub-1.0 programs for thinner deals. The minimum credit score is 620, 30-year terms are available, and seasoning varies by program.
Before you commit, ask each lender these questions in writing.
Our answers, for comparison: up to 90% LTC and up to 100% of rehab on some programs, closings in as little as 10 days, loans from $150,000 to $5M+ with large balances reviewed case by case, LLC borrowing as standard, and a long-term DSCR loan with a 1.0x standard minimum, sub-1.0 programs, up to 80% LTV rate-and-term on some programs, 75% cash-out and seasoning that varies by program.
Have these ready, then get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. It offers hard money style speed, closing in as little as 10 days, funding up to 90% of cost and up to 100% of rehab on some programs, and a DSCR refinance for doubles and single-family homes you keep.
Yes. LendingStreet lends on investment property across New Orleans and the surrounding parishes, and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
Yes. Doubles are 2-unit residential property, and our loans cover 1-8 units. A finished double can be refinanced into a DSCR loan on the combined rent of both units.
Flood and wind premiums count in the monthly payment on a DSCR refinance, so a high quote lowers the ratio. They also add to carrying costs during the rehab.
Usually not in residential areas. New Orleans heavily restricts short-term rentals, and whole-home investor rentals are generally not allowed in most neighborhoods. Check current city rules before counting on nightly income.
A Louisiana notary handles the closing. Ask early about any successions or heir interests on title, since they can delay a sale.
No. Our loans are business-purpose loans on non-owner-occupied investment property only, from one to 8 units.
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