Purchase + Rehab. One Loan.
A fix and flip loan in Allentown funds purchase and renovation in one short-term, asset-based loan — hard money, underwritten on the deal and the after-repair value rather than your income. The Allentown specifics: Rowhouse and twin rehab in Old Allentown, Southside Bethlehem and College Hill. Leverage, rehab caps and experience rules vary more between lenders than any other criterion, which is why LendingStreet places the file across thirty capital sources instead of one.
Check My Allentown Purchase & Rehab Options →The stock is dense pre-war rowhouse and twin stock in Allentown, Bethlehem and Easton, and post-war and newer suburban single-family across the Valley. Rowhouse and twin rehab in Old Allentown, Southside Bethlehem and College Hill. Lead paint, knob-and-tube and party walls are standard.
Pennsylvania is judicial. The Lehigh Valley has drawn investors priced out of New Jersey and Philadelphia, and the I-78 warehouse boom has produced a large logistics-worker tenant base. Allentown, Bethlehem and Easton are three cities with three tax rates and three permitting regimes.
Pre-war stock in Allentown means the scope is rarely what the walkthrough suggests. Budget for the mechanicals — wiring, supply lines, drain lines — before the finishes, and expect the inspector to find what the seller did not disclose.
Standard ranges across our capital sources: $150,000 to $5M+, up to 95% of total project cost, up to 100% of the rehab budget in draws, 6 to 18 months interest-only, 5 to 10 business days to close with 5-day expedited for experienced investors. Full detail and the current rate floor are on the fix and flip loan page. First-time flippers generally see lower leverage.
The Allentown–Bethlehem–Easton (Lehigh Valley) metro — Allentown plus Bethlehem, Easton, Whitehall, Emmaus, Macungie and Nazareth — and the rest of Pennsylvania via the Pennsylvania fix and flip page. The active rehab corridors in Allentown include West End, Old Allentown, Center City, Southside Bethlehem, College Hill (Easton).
Size the loan and the cash to close in the ARV calculator, add the carry in the carrying costs calculator, and build the budget in the rehab cost estimator.
Also see: Philadelphia, PA →Pittsburgh, PA →
The gap between the loan and total project cost, plus points, third-party costs and the rehab you carry between draws. The ARV calculator returns it for your numbers.
Yes, through sources that write them — lower leverage, licensed GC attached.
Lead paint, knob-and-tube and party walls are standard. Budget contingency for it.
5 to 10 business days on a complete file; 5-day expedited for experienced investors. A BPO in lieu of appraisal is available on bridge structures.
Yes — fix-to-rent. Separate underwrite on rent and appraised value. Run it before you buy.
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By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.