Purchase + Rehab. One Loan.
A fix and flip loan in Greensboro 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 Greensboro specifics: Mill-village and bungalow flips in Glenwood, Lindley Park and Winston-Salem's West End. 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 Greensboro Purchase & Rehab Options →The stock is pre-war bungalows in Fisher Park and Lindley Park, mill-village stock across the Triad, post-war ranches, and a university rental base. Mill-village and bungalow flips in Glenwood, Lindley Park and Winston-Salem's West End. Pier-and-beam foundations and knob-and-tube in the pre-war stock are standard.
North Carolina is non-judicial with a clean process. The Triad runs at a lower basis than Charlotte or Greensboro with steadier, less speculative demand — which is why it draws investors priced out of the two larger metros. Winston-Salem and Greensboro are separate cities with separate tax rates.
Pre-war stock in Greensboro 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 Greensboro–Winston-Salem–High Point metro — Greensboro plus Winston-Salem, High Point, Burlington, Kernersville and Jamestown — and the rest of North Carolina via the North Carolina fix and flip page. The active rehab corridors in Greensboro include Fisher Park, Lindley Park, Sunset Hills, Glenwood, Ardmore (Winston-Salem).
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: Charlotte, NC →Raleigh, NC →
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.
Pier-and-beam foundations and knob-and-tube in the pre-war stock 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.