Close in 10 Days. 90% LTC.
Indianapolis 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 Indianapolis Rate →The stock is pre-war bungalows and doubles inside the loop, post-war ranches across Marion County, and high-basis suburban stock in Hamilton County. Bungalow and double rehab in Bates-Hendricks, Garfield Park, Riverside and Haughville. Knob-and-tube, foundation moisture and roof are standard.
Indiana is judicial. Indianapolis runs at a moderate basis with Indiana's property-tax caps keeping the tax line predictable — which flatters DSCR relative to Ohio and Illinois markets. The gap between Marion County and the Hamilton County suburbs is wide; Carmel and Fishers underwrite as a different market. The Lilly and IU Health complex produces a stable professional tenant base.
Pre-war stock in Indianapolis 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.
Also see: Fort Wayne, IN →South Bend, IN →DSCR Loans in Indianapolis →Evansville, IN →
Fix & Flip loans in Indianapolis 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.
Indianapolis consistently ranks in the top 10 US investor markets for cash flow. Healthcare (Eli Lilly, IU Health), logistics (Amazon, FedEx hubs), and motorsports (Indianapolis 500) anchor a diverse economy. Lower price points plus 7-9% yields attract both out-of-state investors and locals. Strong landlord-friendly state laws.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
Active investor market with strong rental demand and fix flip activity.
We also fund investments throughout the greater Indianapolis metro including Carmel, Fishers, Noblesville, Greenwood, and Westfield.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Accurate ARV is critical. Indianapolis submarkets like Broad Ripple have strong comp data. Lenders want 3-5 recent comps within a quarter mile.
Indianapolis rehab costs: $15-40/sq ft cosmetic, $40-75/sq ft moderate, $75-150/sq ft gut. Permits matter in Indianapolis — include permit timelines.
Lenders require a clear exit — sale or refi to DSCR. Market time in Indianapolis 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%+.
Up to 90% LTC on purchase and 100% on rehab for qualified borrowers with flipping experience.
Typical Indianapolis 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 Indianapolis range from $150K to $5M. Most SFR flips fall in $200K-$800K range.
Yes. All Indianapolis 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.
Knob-and-tube, foundation moisture and roof 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.
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