Flint has some of the lowest home prices of any metro we cover, which means investors here run into a practical issue first: many single homes inside the city sell for less than a bridge loan's minimum. The deals that fit are often in the suburbs or involve more units.
In short: LendingStreet offers bridge loans on 1-8 unit investment property in Flint and Genesee County, from $150,000 to $5M+ with rates from 7.99%. Loans are short-term and interest-only, can close in as little as 10 days, and some programs need no appraisal. In practice, Flint-area bridge loans usually fund suburban homes, multi-unit buildings or several properties bought together, followed by a DSCR refinance or sale.
Grand Blanc, Fenton, Davison, Flushing and Swartz Creek carry the county's higher prices, with newer homes and strong school demand. Flint Township and Burton offer mid-priced singles close to jobs and shopping along the Miller Road and Dort Highway corridors.
Inside the city, Mott Park, Carriage Town, the College Cultural area and East Village near the University of Michigan-Flint, Kettering University and Hurley Medical Center have the most rental demand. City homes are often inexpensive, so they fit a bridge mainly as part of a group purchase or as a multi-unit building.
| Area | Typical housing | Common bridge use |
|---|---|---|
| Grand Blanc, Fenton | Newer and higher-priced singles | Single-home bridge loans above the minimum |
| Davison, Flushing, Swartz Creek | Suburban singles | Quick purchase, lease, refinance |
| Flint Township, Burton | Mid-priced singles | Landlord exits and estate sales |
| Flint near the colleges and hospital | Older singles and small multis | Group purchases or multi-unit buildings |
The typical bridge deal here is a suburban house that needs updates and a new tenant, or a package of city rentals bought from a retiring landlord. In both cases the current income is not what a long-term lender wants to see. The bridge lets you buy, fix the income and refinance.
Genesee County Land Bank sales and tax-foreclosure auctions also supply property, though those homes often need significant work and clear title review.
This example is illustrative and not a quote. An investor buys a Grand Blanc home for $260,000 that has been empty since the seller moved. The bridge loan is $195,000, interest-only, so the estimated monthly interest payment is about $1,625 while the investor updates paint and flooring and signs a 12-month lease.
By month 3, the property is leased at $2,150 a month and appraises at $275,000. A 75% cash-out DSCR loan of $206,250 clears the $195,000 bridge and puts about $11,250 back in the investor's hands, before closing costs.
Estimated principal and interest on the new 30-year loan is about $1,407. Add taxes of about $517 and insurance of about $125 a month, and the total payment is about $2,049. Rent of $2,150 divided by that payment gives a DSCR of about 1.05x, above the 1.0x standard minimum.
Check the downside too: with rent 10% lower, near $1,935, the DSCR would fall to about 0.94x, and the refinance would need to shrink toward $189,000 to stay at 1.0x.
| Item | Amount |
|---|---|
| Purchase price | $260,000 |
| Bridge loan | $195,000 |
| Estimated monthly interest-only payment | $1,625 |
| Value after work and leasing | $275,000 |
| New DSCR loan (75% of value) | $206,250 |
| Estimated principal and interest | $1,407 |
| Property taxes (monthly) | $517 |
| Insurance (monthly) | $125 |
| Total monthly payment | $2,049 |
| Monthly rent | $2,150 |
| DSCR | About 1.05x |
Under Michigan's Proposal A, taxable value is capped while an owner holds a property, then uncaps to the state equalized value, a 50% assessment ratio of market value, the year after a sale. Rentals also do not get the principal residence exemption, so non-homestead school millage applies. Together, that can push your bill well above the seller's.
Michigan charges a state real estate transfer tax and a county transfer tax on the deed, usually paid by the seller. Your title company can confirm the amounts.
The City of Flint and several Genesee County communities have rental registration or inspection requirements, so confirm what applies before you close. Older Flint homes were part of the city's lead service line replacement work; ask about the property's water service line and keep records.
Many city homes predate 1978, so plan for lead paint disclosure and safe work practices on any renovation.
Most Flint-area bridge loans end in a DSCR refinance on the suburban homes and multi-unit buildings that clear the loan minimum. Sale works for updated Grand Blanc and Fenton homes, where owner-occupant buyers are active.
Decide how you will repay the bridge before you buy. If the plan is a DSCR loan, confirm the rent will cover the full payment at the program minimum. If the plan is a sale, check recent sales of finished homes nearby, not asking prices. Seasoning rules for a cash-out refinance vary by program. For statewide context, see our Michigan bridge loans page.
Investors in Flint use our bridge program when timing matters more than a 30-year term. It covers houses, duplexes, triplexes, fourplexes and buildings of 5 to 8 units held for investment.
Payments are interest-only over a short term. Pricing and leverage are set per deal based on the property and the plan to repay. Buildings of 9 units or more are handled as commercial loans.
When we price a Flint bridge, the exit drives the conversation. We want to see a believable rent or sale price, a timeline that fits the loan term, and a borrower who has handled similar properties or has a capable team.
LendingStreet finances business-purpose loans for real estate investors. Our investor loans are business-purpose loans on non-owner-occupied property, and our Flint lending covers Genesee County, including Flint, Grand Blanc, Fenton, Flint Township, Burton and Davison.
Tell us the property, the price, the timeline you need and whether you plan to sell or refinance. We review the deal and the exit together and respond with terms. Get a quote with the form below or call (877) 298-1001.
Our bridge loans start at $150,000. A lower-priced house may fit as part of a group purchase or a multi-unit building.
Rates from 7.99%. The rate you receive depends on the deal, your track record, the leverage and how you plan to repay.
Taxable value uncaps the year after a sale, and rentals pay non-homestead school millage. Your bill can be well above the seller's, so estimate it from the state equalized value and full millage.
As little as 10 days, provided title, insurance and your documents are ready to go.
We review them case by case. They often need significant work and clean title, which affects whether and how a bridge loan fits.
Some bridge programs require no appraisal. Expect one when you refinance into a DSCR loan at the end of the bridge term.
Yes. We lend on 1-8 unit investment property across Genesee County, including Grand Blanc, Fenton, Davison and Burton.
No. Our investor loans are business-purpose loans on non-owner-occupied property.
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