Louisiana Fix and Flip Loan

Last Updated: April 11, 2025

Welcome to OfferMarket’s Fix and Flip Loan Program! If you’re an investor looking to flip homes in Louisiana, from New Orleans to Baton Rouge, or any of the state’s thriving neighborhoods, we provide you with the capital and flexibility you need to succeed. With our comprehensive loan program, we’re here to help you turn your next fix-and-flip project into a profitable venture.

Why a Fix and Flip Loan in Louisiana is a Smart Investment

Louisiana offers a unique set of opportunities for real estate investors. Whether you’re focusing on the vibrant neighborhoods of New Orleans or considering more rural areas like Lafayette or Shreveport, the state provides a mix of affordable properties, a strong local economy, and a diverse real estate market that makes it ideal for fix-and-flip investments.

The state’s strong tourism industry and vibrant culture attract both residents and tourists, keeping the demand for housing steady. Additionally, Louisiana offers relatively low property prices compared to other markets, allowing investors to secure properties at a lower cost and realize higher returns when they rehab and sell.

If you're interested in entering or expanding your real estate portfolio, Louisiana’s properties and our financing options make this an ideal time to invest. OfferMarket’s Fix and Flip Loan Program gives you the tools, flexibility, and support to maximize your investment in Louisiana’s growing market.

What You Get with OfferMarket’s Fix and Flip Loan in Louisiana

We offer a competitive and flexible financing program designed for real estate investors like you. Here's everything you need to know about how our program works:

1. Loan Amount Details

• Minimum Loan Amount: $25,000—perfect for smaller, quick flips.

• Maximum Loan Amount: $2,000,000—loans over $1M require 3+ years of experience and strong comparable sales (comps).

• How It Works: Your loan size is determined by the purchase price, rehab budget, and After Repair Value (ARV) of your property, ensuring you have enough capital to complete your project.

2. After Repair Value (ARV) Requirements

• Minimum ARV: $100,000—keeps your project profitable.

• Maximum Loan-to-ARV (LTARV): Up to 75%, adjusted by experience (e.g., 70% for beginners with light rehabs, 75% for pros with moderate jobs).

• Valuation: We use appraisal reports (e.g., 1004 + 1007 for single-family homes) or in-house valuations for fast, accurate ARV estimates specific to Louisiana’s market.

3. Funding Breakdown

• Initial Advance: Up to 90% of the purchase price, based on your experience (80% for beginners, 90% for 5+ projects) and credit score (e.g., -5% for credit <720, +10% for licensed contractors).

• Construction Holdback: Up to 100% of rehab costs, disbursed through self-serve, app-based draw requests with a 0-2 day turnaround.

• Down Payment: Minimum $10,000 required for properties under $100K.

• Draws: No minimum or maximum, with 50% of materials funded for delivery but not installed.

4. Interest Rate and Fees

• Interest Rate: Flexible based on market conditions—contact us for the most updated rate tailored to your deal.

• Origination Fee: 1.5 to 2 points ($2,000 minimum)—e.g., 2 points on a $100,000 loan equals $2,000 upfront.

• Other Fees: $270 per draw, $30 per wire, and appraisal costs you’ll cover.

• Interest Accrual: Loans under $100K accrue on the full amount (“full boat”); loans over $100K accrue only on disbursed funds.

5. Loan Term

• Duration: 12-month standard term, with options for 18-24 months for specific projects.

• Extensions: Up to 50% of your loan term (e.g., 6 months on a 12-month loan) for a fee (1% for 3 months, 2.5% for 6 months).

6. Repayment Structure

• Payments: Interest-only payments with a balloon payment due at maturity—this helps keep your cash flow free during the rehab process.

• Prepayment Penalty: None—you can pay off the loan early without worry.

• Recourse: Full recourse, with 51% of your LLC or Corporation guaranteeing the loan for purchases (100% for refinances).

7. Exit Strategy Requirements

• Sale: Target a minimum 30% ROI and $15,000 profit on the sale of the property.

• Refinance: Aim for a post-repair debt service coverage ratio (DSCR) of 1.1 for refinancing.

• Flexibility: You can switch between flipping or renting based on the market conditions in Louisiana, giving you the flexibility to adjust your exit strategy as needed.

8. Eligibility Criteria

• Experience: Not required. Beginners start at Tier 1 (80% advance), while experienced investors qualify for Tier 5 (90%) based on 10+ projects.

• Credit Score: Minimum of 680 (with exceptions for scores between 660-679).

• Borrowing Entity: Must be an LLC or Corporation.

• Cash Reserves: You’ll need cash to close, plus 25% of your rehab budget in liquid assets (bank, brokerage, or retirement accounts).

9. Project and Property Requirements

• Eligible Properties: 1-4 unit residential—single-family (≥700 sq ft), duplex/triplex/quadplex (≥500 sq ft per unit), condos (≥500 sq ft), townhomes, and PUDs.

• Maximum Acreage: Up to 5 acres—great for rural Louisiana flips.

• Rehab Scope: Light (under 25% of purchase price) to extensive (100%+ of purchase price). Beginners are limited to light/moderate rehabs.

• Location: We lend in Louisiana, excluding AK, AZ, HI, MN, ND, NV, OR, SD, UT, VT. Rural areas get a -20% advance adjustment and require 3+ years of experience.

10. Risk and Approval Process

• Underwriting: We assess ARV, rehab scope, your experience, and market conditions (e.g., New Orleans comps or Baton Rouge liquidity).

• Valuation: Appraisal or in-house valuation depending on your deal.

• Approval Timeline: Draws take 0-2 days, and initial funding depends on how quickly you submit your documents. We aim to get you funded as quickly as possible.

• Default Rate: Less than 0.5% of our loans have ever defaulted. Your success is our priority.

11. Support and Flexibility

• Guidance: We offer rehab calculators and scope advice tailored to Louisiana’s unique market conditions.

• Rehab Oversight: Self-serve draw inspections give you control of your rehab process.

• Advanced Draws: At our discretion, we ensure you’re funded as needed throughout your project.

12. Transparency and Fine Print

• Sample Costs: For a $150,000 Louisiana property:

  • Origination Fee (2 points): $2,000

  • Draw Fee: $270 per draw

  • Wire Fee: $30 per wire transfer

  • Rehab Costs: Up to 100% of the rehab budget.

• Hidden Costs: Draw fees, wire fees, and extension fees are clearly outlined upfront.

• Rural/Complex Terms: Rural Louisiana flips get a -20% advance adjustment, and extensive rehabs may be capped at 70% LTARV or 85-90% Loan-to-Full-Cost (LTFC).

How You Can Profit from Louisiana Real Estate

Let’s take a look at an example of a fix-and-flip project in Baton Rouge to see how the OfferMarket loan program works:

• Purchase Price: $180,000

• Rehab Budget: $50,000

• After Repair Value (ARV): $270,000

With a Loan-to-ARV of 75%, you could qualify for up to $202,500 in financing. Here's how the loan would break down:

Once the property is renovated and sold for $270,000, you’ll repay the loan and keep your profit after deducting rehab costs, fees, and other expenses. Depending on your final sale price and expenses, you could make a significant profit!

Why Choose OfferMarket for Your Fix and Flip Loan in Louisiana?

• Competitive Loan Terms: With up to 90% funding, we give you the capital you need to purchase and renovate properties—whether you’re flipping a small home or tackling a larger project in Louisiana.

• Flexible Repayment Structure: Enjoy interest-only payments with no prepayment penalties, allowing you to manage cash flow while working on your fix-and-flip project.

• Fast and Efficient Processing: Our quick approval process and draw requests processed in 0-2 days ensure that your funds are available when you need them, keeping your project on track and free of delays.

• Expert Support: From rehab guidance to financing advice, our team is committed to helping you succeed at every stage of your project. We’re here to offer practical solutions for real estate investments in Louisiana.

• Transparency and Clear Fees: We provide clear, upfront fees with no hidden costs, allowing you to plan your budget and know exactly what to expect during your project.

• Proven Track Record: With a default rate of less than 0.5%, OfferMarket is a trusted partner for real estate investors. We’ve helped many investors succeed, and we’re committed to helping you achieve the same.

• Exit Strategy Flexibility: Whether you want to flip or rent, our program allows you to switch your exit strategy as needed based on Louisiana’s dynamic real estate market.

Choose OfferMarket for your fix-and-flip financing in Louisiana, and let’s turn your investment goals into reality!

Louisiana Fix and Flip Loan: Documentation Requirements

To ensure a smooth and efficient loan approval process, we require specific documentation. This allows us to evaluate the details of your project and confirm compliance with the loan terms. Below are the required documents for both purchase and refinance transactions in Louisiana.

Purchase Transaction Requirements

For all purchase transactions in Louisiana, the following documents are required:

Refinance Transaction Requirements

For refinance transactions, similar documentation is required:

Special Requirements for Loans Over $1M

Loans over $1 million (up to the $2 million maximum) have additional requirements to ensure project viability and borrower qualifications:

Glossary of Key Terms

Here are quick definitions of key terms used in our loan agreements:

Get an Instant Fix and Flip Loan Quote in Louisiana

OfferMarket is your trusted partner for real estate investing in Louisiana. Our Fix and Flip loan program is designed to provide the financial flexibility and competitive rates you need to succeed in your real estate projects. Request your instant quote today and start your next fix and flip investment.

Ready to start your next fix-and-flip project in Louisiana? OfferMarket is your trusted partner for real estate investing. Request your loan today, and let’s get started on turning your next project into a profitable success!

Thousands of real estate investors get value from OfferMarket every month. Membership is entirely free and includes the following benefits:

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