Two fix and flip loans closed with LendingStreet: one for $595,000 and one in Pennsylvania for $238,832. Together they show how the same program serves very different projects.
In short: LendingStreet closed two fix and flip loans: a $595,000 loan and a $238,832 loan in Pennsylvania, for a combined $833,832. The loans sit at very different points in our $150K to $5M+ fix and flip range. For investors, the takeaway is that flip financing scales with the project, and the same core requirements apply at both sizes.
We keep borrower details private, so this case study sticks to the facts we can share. Here is what closed.
| Loan | Location | Loan amount |
|---|---|---|
| Fix and flip loan 1 | Not disclosed | $595,000 |
| Fix and flip loan 2 | Pennsylvania | $238,832 |
| Combined | $833,832 |
The larger loan is roughly two and a half times the smaller one. Both closed through our fix and flip programs.
Investors sometimes assume a flip loan must fit a narrow box. In practice, our programs run from $150K to $5M+. A first project near the low end and a larger project later can use the same financing relationship.
The Pennsylvania loan was $238,832, not a round number. Flip loans are built from the purchase price and the rehab budget, so the loan amount reflects the actual math of the deal.
That is a useful signal for anyone preparing a file. Your scope of work and contract price drive the loan, line by line. A detailed budget is how you get a loan sized to your project instead of a rough guess.
These lessons are general, not details of the two deals above. They apply to most fix and flip loans at any size.
Start with a signed contract, a line-item scope of work and your own ARV comps. Add bank statements and a list of past deals if you have them.
Investors with a thin track record can still qualify, often at lower leverage. A strong contractor and a conservative budget carry real weight.
Case studies are proof that loans close, not a promise of identical terms. Your rate, leverage and timeline depend on your credit, experience, the property and the market at the time.
Use closed loans as a reference point for what is possible. Then let underwriting size your loan from your own purchase price, rehab budget and ARV.
Two investors with similar deals can see different terms depending on experience, credit and property type. Comparing structures side by side shows where leverage, pricing and draw terms differ.
Through relationships across 30+ capital sources, our financing team can bring back 2–3 options for your project, often within 48 hours.
Our fix and flip programs run from $150K to $5M+. The two loans in this case study were $595,000 and $238,832.
Yes. One of the loans in this case study closed in Pennsylvania for $238,832. We finance investment property in all 50 states.
Flip loans are calculated from the purchase price and rehab budget, so the amount follows the deal's actual costs. A detailed scope of work produces a precise loan size.
The core requirements are the same. Larger loans usually receive closer review of experience, liquidity and the exit plan.
Yes, many programs have first-time options. Leverage is often lower than for experienced investors, and a strong contractor and budget help.
Our fix and flip programs finance up to 90% of the purchase and 100% of the rehab, subject to an ARV cap. Your leverage depends on experience, credit and the property.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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