Buy it, rehab it, and close before the next investor gets financing.
For investors flipping single-family and two-to-four-unit property in South Carolina. Rehab draws funded in five business days, not five phone calls.
Interest-only monthly payments. No prepayment penalty, so an early sale costs you nothing extra.
What we need to see
What we won't do
- Owner-occupied or second homes, in any structure.
- Ground-up construction with no permits pulled.
- Deals under $75,000 — the fixed costs eat you alive.
- Rural parcels more than an hour from a metro we know.
If it's one of these, we'll say so on the first call and name someone who does it.
A deal we closed in March
Rock Hill, three-bedroom ranch. Numbers with the borrower's permission.
What made it work: the borrower had the contractor lined up before he was under contract. What nearly killed it: an unrecorded mechanic's lien from a 2019 roof job, found in title, cleared in nine days. Funded off our balance sheet.
How rehab draws work
Rehab money is held in escrow and released as the work gets done. You send photos and invoices, we inspect if the draw is over $15,000, and the wire goes out within five business days of the request.
There is no draw fee. Most borrowers take three or four draws on a $40,000 budget.
Have a flip under contract? Send it over.
Rates and leverage shown are ranges for this program and are not an offer or commitment to lend. Business-purpose loans on non-owner-occupied property only.