Purchase + Rehab. One Loan.
A fix and flip loan in McAllen 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 McAllen specifics: Cosmetic-to-moderate flips on 1990s–2000s stock across Edinburg, Mission and Pharr. 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 McAllen Purchase & Rehab Options →The stock is newer suburban single-family across the Valley, with a large winter-resident and cross-border owner base. Cosmetic-to-moderate flips on 1990s–2000s stock across Edinburg, Mission and Pharr. Foundation movement on the clay soils is the recurring budget item.
Texas is non-judicial. The Rio Grande Valley runs at one of the lowest bases in urban Texas, and a large share of purchases are cash or cross-border, which affects comparable selection. Hidalgo County property taxes are high relative to values. Hurricane exposure is real but lower than the coast.
Insurability at resale is the exit risk in McAllen. 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 McAllen–Edinburg–Mission metro — McAllen plus Edinburg, Mission, Pharr, Weslaco and Harlingen — and the rest of Texas via the Texas fix and flip page. The active rehab corridors in McAllen include North McAllen, Sharyland, Edinburg near UTRGV, Mission.
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.
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.
No credit pull. No commitment. Speak with a licensed financing firm with direct access to 30+ capital sources.
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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.