Purchase + Rehab. One Loan.
A fix and flip loan in El Paso 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 El Paso specifics: Low-basis flips in the Eastside and Northeast where renovation frequently approaches purchase price. 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 El Paso Purchase & Rehab Options →The stock is post-war single-family across the Eastside and Northeast, older adobe and brick stock near downtown and the university, and a large military-tenant base around Fort Bliss. Low-basis flips in the Eastside and Northeast where renovation frequently approaches purchase price. Flat roofs and evaporative cooling systems are the regional inspection items.
Texas is non-judicial with a fast trustee sale. Property taxes are high and reassess quickly. El Paso runs at a materially lower basis than the rest of urban Texas, which flatters DSCR but thins comparable data in some neighborhoods. Fort Bliss PCS cycles drive predictable but seasonal turnover.
Where renovation exceeds purchase price, the loan sizes on total project cost and ARV, not on purchase. Many national lenders cap rehab near half the purchase price and decline the deal on that alone. Several of our sources write it routinely — it is the single most common El Paso placement.
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 El Paso metro — El Paso plus Socorro, Horizon City, Canutillo, Anthony and Las Cruces, NM — and the rest of Texas via the Texas fix and flip page. The active rehab corridors in El Paso include Kern Place, Sunset Heights, Mission Hills, Eastside, Northeast El Paso.
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: Austin, TX →Houston, TX →
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.
Yes. Sized on total cost and ARV. Lenders capping rehab at half of purchase are why it gets declined elsewhere.
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.