Philadelphia is one of the most active fix and flip markets in the United States. Institutional capital deployed substantial volume here in 2025. LendingStreet brings the same caliber of capital to independent Philadelphia flippers — without forcing you into a single-source lender's box.
TL;DRQuick answer for Philadelphia fix & flip investors
Fix & Flip loans in Philadelphia finance both your acquisition and your rehab budget. 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.
Fix & Flip Loan Key Facts
No W-2 or tax returns required
Up to 90% of purchase price financed
100% of rehab drawn as work completes
Loan size: $150K–$5M+ per project
Term: 12-18 months interest-only
Close in 5-10 days on bridge structure
Credit: 660+ (640 with experience)
LLC borrowing OK on most programs
Why Philadelphia Is a Top Fix & Flip Market
Philadelphia is the #1 institutional fix-and-flip city in the United States. In 2025, more institutional flip capital was deployed in Philadelphia than any other U.S. metro — with 611 funded loans from a single institutional lender alone. The reason is structural: row home density, neighborhood revitalization momentum, mature contractor networks, and deep retail buyer demand.
Philadelphia row homes are the most predictable flip property type in the country. Repeatable scope, mature appraisal comps, and strong neighborhood-by-neighborhood demand make Philadelphia flips one of the most data-rich, executable strategies for both first-time and serial flippers. Median ROI of 35% statewide is driven by Philadelphia performance.
Philadelphia flip market snapshot (2026)
Median home price: $215K · Avg flip ROI: 35%+ · Days on market: 20-35 · Investor activity: Very High · 2025 institutional flip loan volume in metro: #1 institutional flip market nationally, 611 funded loans
Top Philadelphia Submarkets for Flippers
Hot Submarket
Kensington
Active value-add neighborhood. Lower entry prices ($150-250K), high renovation ROI on row homes. Aggressive gentrification trajectory.
Newer revitalization wave. Median $285K. Strong young-professional buyer base.
Established
Fishtown
Already gentrified core. Median $350K+. Premium flips for higher-budget buyers.
Emerging
Strawberry Mansion
Early gentrification. Lowest entry ($120-180K). Higher risk, higher upside.
Stable
South Philly
Diverse submarkets from row homes ($200K) to mid-tier ($400K+). Reliable buyer demand.
Fix & Flip Loan Terms in Philadelphia
Loan Amount
$150K–$5M+
Per project
Starting Rate
From 9.75%
Interest-only
Max LTC
90%
Of purchase price
Rehab Financing
100%
Drawn in stages
Min Credit
660
640 with 2+ flips
Term
12-18 mo
Interest-only
Max ARV
75%
After-repair value
Close Time
7-10 Days
Bridge structure
Philadelphia-Specific Considerations
L&I Permits Are Required
Philadelphia License & Inspections requires permits for most renovations. Bypassing creates title issues at resale. Budget 2-4 weeks for major approvals.
Lead Paint Compliance
PA requires lead-based paint disclosure on pre-1978 homes. Most Philadelphia row homes qualify. Budget for testing if interior finishes are touched.
Row Home Specialty
Philadelphia row homes are unique. Engage contractors with specific row home experience — party walls, narrow staircases, unique HVAC layouts.
Neighborhood Comp Tightness
Philadelphia comps are reliable but tight to neighborhood block. Half a block can change ARV by $50K. Use a Philadelphia-specialist BPO appraiser.
Frequently asked questions: Philadelphia Fix & Flip
How fast can a fix and flip loan close in Philadelphia?▼
5-10 days from complete application is standard. Philadelphia's competitive market makes speed essential — bridge-structured fix and flip loans don't require a traditional appraisal (just a broker price opinion), which is the key speed advantage.
What's the minimum down payment for a Philadelphia fix and flip?▼
10% of purchase price as down payment, plus closing costs. Rehab is 100% financed in draws as work completes. So a $400K Philadelphia flip with $80K rehab budget needs about $45K down (10% + closing) to acquire and renovate.
Can first-time flippers qualify in Philadelphia?▼
Yes. First-time flippers can qualify, especially in Philadelphia markets where comparable sales data is strong. Pricing is best for borrowers with 2+ completed flips, but experience isn't required.
What property types qualify in Philadelphia?▼
Single family (1-4 unit), townhomes, multifamily, and some condos. The property must be for investment only — no primary residences. Ground-up construction projects use a separate construction loan product.
Can I refinance my Philadelphia flip into a long-term rental loan?▼
Yes — this is the BRRRR strategy and it's common in Philadelphia's neighborhoods where rental yields are strong. LendingStreet finances the initial flip, then refinances into a 30-year DSCR rental loan once the property is stabilized.
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