Close in 10 Days. 90% LTC.
Cleveland real estate investors: fast hard money financing for fix and flip projects. Up to 90% of purchase price, 100% of rehab costs. No W-2. 620+ credit. Close in 5-10 days.
Check My Cleveland Rate →The stock is a very large pre-1940 stock — colonials, doubles and frame houses — at one of the lowest bases of any major metro, with higher-basis inner-ring suburbs. Low-basis rehab in Slavic Village, Collinwood, Old Brooklyn and West Park where renovation exceeds purchase. Knob-and-tube, cast-iron drains, roof and lead-safe certification are standard.
Ohio is judicial and slow to foreclose. Cleveland is the archetypal low-basis market: renovation routinely exceeds purchase price on East Side and near-West Side stock, and the deal that gets declined by lenders capping rehab at half of purchase is the standard Cleveland deal. Cuyahoga County property taxes run high relative to value. The city requires rental registration and lead-safe certification.
Pre-war stock in Cleveland means the scope is rarely what the walkthrough suggests. Budget the mechanicals before the finishes and expect the inspector to find what the seller did not disclose.
If the property is occupied, Cleveland's tenant rules govern when you can take possession to start work. Build the timeline around the law, not the contract date.
Where renovation exceeds purchase, the loan sizes on total project cost and ARV. Many national lenders cap rehab near half of purchase and decline on that alone — it is the single most common Cleveland deal we finance.
Also see: Cincinnati, OH →Columbus, OH →DSCR Loans in Cleveland →Akron, OH →Dayton, OH →Toledo, OH →
Fix & Flip loans in Cleveland qualify based on the deal itself — purchase price, rehab budget, after-repair value (ARV) and your flip experience — not your W-2 or tax returns. Up to 90% LTC + 100% rehab financing, 6-18 month terms, close in 5-10 days, interest-only during rehab.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
Cleveland is a pure cash-flow market with some of the highest rental yields in the US. Cleveland Clinic (largest employer in Ohio), Case Western Reserve, KeyBank, and manufacturing anchor the economy. Median prices under $190K with 9-12% yields in specific neighborhoods. Investors need hands-on management or strong property manager relationships for best results.
We finance rentals and projects throughout the metro. The loan is underwritten on the property, its rent or after-repair value and your experience — not on the neighborhood name.
We also fund investments throughout the greater Cleveland metro including Lakewood, Cleveland Heights, Shaker Heights, Parma, and Strongsville.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Accurate ARV is critical. Cleveland submarkets like Tremont have strong comp data. Lenders want 3-5 recent comps within a quarter mile.
Cleveland rehab costs: $15-40/sq ft cosmetic, $40-75/sq ft moderate, $75-150/sq ft gut. Permits matter in Cleveland — include permit timelines.
Lenders require a clear exit — sale or refi to DSCR. Market time in Cleveland averages 30-60 days. Build a 6-month exit buffer.
First-time flippers can qualify. New flippers start at 80-85% LTC; experienced investors (2+ completed flips) reach 90%+.
How the numbers work: see what 90% of purchase plus 100% of rehab means in cash, or estimate your ARV in the ARV calculator.
Up to 90% LTC on purchase and 100% on rehab for qualified borrowers with flipping experience.
Typical Cleveland fix and flip closings happen in 5-10 business days. Experienced borrowers can close in 5-7 days.
First-time flippers can qualify at 80-85% LTC. Experienced borrowers (2+ flips) access 90%+ LTC and lower rates.
The minimum credit score is 620. Stronger credit improves leverage and pricing.
Rehab funds via reimbursement draws — complete work, inspector verifies, lender wires funds every 2-4 weeks.
Fix and flip loans in Cleveland range from $150K to $5M. Most SFR flips fall in $200K-$800K range.
Yes. All Cleveland fix and flip loans allow LLC borrowing with a personal guarantee.
Most loans carry 12-18 month terms with extension options. Refinancing to DSCR is an alternative if you hold as a rental.
Yes. Sized on total cost and ARV. Lenders capping rehab at half of purchase are why it gets declined elsewhere.
Knob-and-tube, cast-iron drains, roof and lead-safe certification are standard. Budget contingency for it.
It affects which capital sources are comfortable writing there and at what leverage. It does not change how you apply.
No credit pull. No commitment. Speak with a licensed financing company with direct access to 30+ capital sources.
Check My Eligibility →By clicking Check My Eligibility, you are providing express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone call, or email, possibly using automated technology, to the number and email you provided, regarding your loan inquiry (including marketing and customer care messages). If you wish to opt out, reply “STOP” to any text. Text “HELP” for help. Message frequency may vary. Message and data rates may apply. Consent is not required to obtain services. See our Privacy Policy and Terms & Conditions.
Investment Property Only • 620+ FICO • $150K+ Loans
🔒 SSL Secured · 256-bit Encryption · ✓ Investment Properties
Or call us directly: (877) 298-1001
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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.