Nevada Fix and Flip Loan

Last Updated: April 13, 2025

Welcome to OfferMarket’s Fix and Flip Loan Program! If you’re looking to capitalize on Nevada’s dynamic real estate market, our specialized financing options can help you succeed. Whether you plan to renovate a bungalow in Las Vegas, upgrade a multi-unit property in Reno, or modernize a rural home, we offer efficient funding and customizable terms.

Our streamlined loan process ensures rapid approvals, flexible draw requests, and interest-only payments, letting you focus on renovations rather than paperwork. With no prepayment penalties, you can maximize profitability by paying off your loan as soon as you sell.

Partner with OfferMarket to access dedicated support, transparent fees, and expert guidance every step of the way. Transform undervalued properties into lucrative investments with our Nevada fix and flip loan.

Why a Fix and Flip Loan in Nevada Is a Great Choice

Nevada’s real estate scene offers tremendous opportunity for house flippers and investors alike. Not only does the state attract people from all over the world for its lively cities, but it also boasts an ever-expanding suburban and rural real estate market. With strong employment prospects, desirable amenities, and an endless variety of property styles, Nevada has become a prime spot for profitable fix-and-flip projects.

By choosing an OfferMarket Fix and Flip Loan, you secure the capital to seize these promising chances—whether you’re sprucing up a worn-out high-rise condo in Las Vegas or breathing new life into a farmhouse on the outskirts of Elko. Combine that with a thriving economy, reasonable property prices (compared to many other states), and steady demand for housing, and you’ll find that Nevada is the perfect place to invest in real estate.

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

Our priority is making your fix-and-flip experience as seamless and profitable as possible. Below is a snapshot of our core loan features and terms:

1.Loan Amount Details

• Minimum Loan Amount: $25,000 – Ideal for smaller-scale projects, whether you’re new to flipping or taking on a quick, cosmetic update.

• Maximum Loan Amount: $2,000,000 – For large ventures, we ask for at least 3 years of flipping experience and robust comparable sales.

• How It Works: Your loan size hinges on three main factors: purchase price, rehab budget, and After Repair Value (ARV). This ensures you have enough coverage for both acquisition and renovation expenses.

2. After Repair Value (ARV) Requirements

• Minimum ARV: $100,000 – This standard helps ensure that your finished project is financially worthwhile.

• Maximum Loan-to-ARV (LTARV): Up to 75% – Your maximum LTARV depends on your experience. If you’re relatively new, you might qualify for up to 70% on lighter repairs, while veteran investors can reach 75%.

• Valuation: We rely on official appraisals (e.g., 1004 + 1007 for single-family homes) or in-house valuations to quickly confirm your property’s ARV.

3. Funding Breakdown

• Initial Advance: Up to 90% of the purchase price (based on experience). Less experienced investors might start at 80%, while seasoned professionals can receive up to 90%. Credit scores under 720 and licensed contractor status can also influence these numbers.

• Construction Holdback: Up to 100% of your rehab costs, released through our app-based draw system with turnaround in as little as 0–2 days.

• Down Payment: Minimum of $10,000 if your purchase price is under $100,000.

• Draws: No strict minimum or maximum draw. We can even release 50% of materials funding upon delivery (not yet installed).

4. Interest Rate and Fees

• Interest Rate: Varies with market conditions. We can give you real-time rates once we discuss your deal specifics.

• Origination Fee: Typically ranges from 1.5 to 2 points (minimum $2,000). As an example, a $100,000 loan at 2 points means a $2,000 fee.

• Other Fees: $270 per draw request, $30 per wire transfer, plus appraisal costs.

• Interest Accrual: For loans under $100K, interest applies to the total loan amount immediately. For loans above $100K, interest accrues only on disbursed funds.

5. Loan Term

• Duration: Standard term is 12 months, with the option to extend to 18–24 months for more complex flips.

• Extensions: You can extend up to 50% of your original term (e.g., 6 extra months on a 12-month loan) for an additional fee (1% for 3-month extension, 2.5% for 6 months).

6. Repayment Structure

• Payments: You’ll make interest-only payments during the loan term, then pay off the principal (balloon payment) at maturity. This keeps more cash in your pocket while you’re renovating.

• Prepayment Penalty: None. You’re free to settle your loan early without incurring extra costs.

• Recourse: Full recourse applies; at least 51% of your LLC or Corporation must guarantee the loan on a purchase (100% required for a refinance).

7. Exit Strategy Requirements

• Sale: Target a minimum 30% return on investment (ROI) and at least $15,000 profit upon sale.

• Refinance: Demonstrate a minimum Debt Service Coverage Ratio (DSCR) of 1.1 for post-repair refinancing.

• Flexibility: Our dual-exit strategy allows you to either flip or rent, adapting to Nevada’s market shifts.

8. Eligibility Criteria

• Experience: No prior flips required. Beginners start at Tier 1 (80% funding on purchase), while top-tier investors can get up to 90%.

• Credit Score: Minimum of 680, with some exceptions if you’re between 660 and 679.

• Borrowing Entity: Must be set up as an LLC or Corporation.

• Cash Reserves: Need enough capital for closing plus 25% of the rehab budget in easily accessible accounts (bank, brokerage, or retirement).

9. Project and Property Requirements

• Eligible Properties: 1–4 unit residential, including houses (700+ sq ft), duplex/triplex/quadplex (500+ sq ft/unit), condos (500+ sq ft), townhomes, and PUDs.

• Maximum Acreage: 5 acres—ideal if you’re tackling a semi-rural or suburban flip.

• Rehab Scope: Ranges from light (under 25% of purchase price) to extensive (exceeding purchase price). Beginners are typically limited to lighter or moderate renovations.

• Location: We lend throughout Nevada, excluding only certain states nationwide (e.g., AK, ID, HI, MN, ND, OR, SD, UT, VT). Rural Nevada flips may require 3+ years of experience and come with a -20% adjustment to the initial advance.

10. Risk and Approval Process

• Underwriting: We examine your ARV estimates, rehab plan, experience level, and Nevada’s local market data (e.g., comparable sales in Reno or your chosen rural area).

• Valuation: Appraisal or in-house valuations, depending on your project and timeline.

• Approval Timeline: Draw requests are handled in 0–2 days. Final funding depends on how quickly you complete your application and provide supporting documents.

• Default Rate: Our track record shows a default rate below 0.5%—we thrive by helping you succeed.

11. Support and Flexibility

• Guidance: Our advisors offer expert-level consultations, from calculating ROI to budgeting for renovation costs specific to Nevada.

• Rehab Oversight: Self-serve draw inspections help ensure you stick to your timeline and budget.

• Advanced Draws: When your project needs a boost, we can front additional funds at our discretion.

12 Transparency and Fine Print

• Sample Costs: For a $200,000 Nevada property, you might anticipate:

  • Origination Fee (2 points): $4,000

  • Draw Fee: $270 each time you request funds

  • Wire Fee: $30 per disbursement

  • Rehab Costs: Up to 100% covered within your holdback allowance

  Hidden Costs: We disclose all fees, including draws, wire transfers, and extensions, upfront.

• Rural and Complex Projects: If your flip is in a remote area of Nevada, your initial funding may drop by 20%. Major rehabs often cap at 70% LTARV or 85–90% Loan-to-Full-Cost (LTFC).

How You Can Profit from Nevada’s Real Estate Market

Let’s run through a hypothetical scenario in Las Vegas to illustrate how our program might work:

• Purchase Price: $220,000

• Rehab Budget: $60,000

• After Repair Value (ARV): $350,000

Loan Breakdown:

• Loan Amount (75% of ARV): $262,500

• Upfront Funding (90% of purchase price for an experienced investor): $198,000

• Down Payment: $22,000

• Rehab Funds: $60,000 available through the construction holdback

Profit Potential: When you sell the renovated property for $350,000, you can pay off the loan and pocket your profit—minus rehab, interest, and fees. A successful flip in this price range often yields a solid ROI, thanks to Nevada’s vibrant housing market.

Why Choose OfferMarket?

Our priority is delivering the strongest fix and flip financing package for Nevada real estate investors. Whether you’re transforming a bungalow in Las Vegas, updating a duplex in Reno, or modernizing a desert retreat in rural Nevada, we offer:

• Competitive Terms: Finance up to 90% of your property’s purchase price, plus rehab costs.

• Flexible Repayment: Interest-only with no penalties for early payoff.

• Fast Processing: Quick funding of draw requests and transparent fee structures.

• Personalized Support: Our dedicated advisors share industry insights and tailor solutions for your unique project.

If you’re prepared to dive into your next renovation project in Nevada, request a loan quote from OfferMarket and get started on a path to lucrative flips.

Nevada Fix and Flip Loan: Documentation Requirements

To streamline your approval process, we require specific documents for both purchase and refinance deals in Nevada. Below is a rundown of what you’ll need to submit.

Purchase Transaction Requirements

For all purchase deals in Nevada, please provide the following:

Refinance Transaction Requirements

For refinances, most documentation mirrors the purchase list, with a few extras:

Special Requirements for Loans Over $1M

If your Nevada project exceeds $1,000,000 (up to our $2M max), additional conditions apply:

Glossary of Key Terms

• ADU (Accessory Dwelling Unit): A smaller, independent residence on the same lot as a primary home.

• Arms-Length: A deal between unrelated parties, ensuring market-driven pricing.

• Non-Arms-Length: A transaction where personal or business relationships may affect fair market value.

• Initial Advance: The part of your loan allocated to the purchase price.

• Construction Holdback: Funds set aside for your renovation expenses.

• LTARV (Loan-to-After-Repair Value): The loan amount divided by the property’s projected post-rehab value.

• LTC (Loan-to-Cost): The loan amount measured against the sum of purchase and rehab costs.

• LTFC (Loan-to-Full-Cost): The total loan amount compared to the total project cost (purchase plus rehab).

Get an Instant Fix and Flip Loan Quote in Nevada

At OfferMarket, we’re committed to helping Nevada investors maximize their profits in real estate. Our Fix and Flip Loan program delivers the flexibility, speed, and competitiveness you need to excel—whether you’re flipping a downtown Las Vegas condo or a single-family home near Reno.

Ready to explore your next renovation venture? Request an instant quote today and jumpstart your journey toward a successful fix-and-flip project in the great state of Nevada!

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