Purchase + Rehab. One Loan.
A fix and flip loan in Greenville 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 Greenville specifics: Student-rental conversions and post-war ranches are the active segments. 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 Greenville Purchase & Rehab Options →The stock is student-oriented rentals near ECU, post-war single-family across the city, and newer subdivisions in Winterville. Student-rental conversions and post-war ranches are the active segments. Foundation moisture on the coastal-plain soils is the recurring issue.
North Carolina is non-judicial with a clean process. Greenville is a university-and-hospital town where tenant demand is stable and lease timing follows the academic year. Eastern North Carolina flood mapping after Floyd and Matthew affects insurance on low-lying parcels near the Tar River.
Insurability at resale is the exit risk in Greenville. A buyer's lender will require coverage; if the roof, windows or elevation make the property hard to insure, the ARV you underwrote may not be the price you clear. Price the insurance-driven improvements into the scope.
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 Greenville–Pitt County metro — Greenville plus Winterville, Ayden, Farmville, Washington and Kinston — and the rest of North Carolina via the North Carolina fix and flip page. The active rehab corridors in Greenville include Uptown, College View, Tar River, Lynndale, Brook Valley.
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.
Only if the scope addresses what carriers price — roof age, openings, elevation. Confirm before you close on the purchase; it is the exit.
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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