A top tier Line of Credit borrower sought a $227.7k loan for a purchase and rehab property in Raleigh, NC. The borrower chose to fund with DLP Lending because of our speed to close, relationship-first approach, and expertise in the space. The borrower has done 22 flips in just the past 3 years.

With a purchase price of $198K, this 4 bed, 2 bath property underwent significant renovations, including: mechanical upgrades, new flooring, new kitchen and bathroom cabinets and appliances, new roof, electrical upgrades, and exterior renovations.

The Property

  • Located in Raleigh, NC
  • Single family residence
  • 4 bedrooms, 2 bathrooms

The Loan

  • Loan Type: Fix & Flip
  • Loan Amount: $227,758
  • LTC: 85%
  • Interest Rate: 11.49%
  • Length of Loan: 6 months
  • Exit Strategy: Sell

Before Renovations

After Renovations