NC Market
Bridge, Flip & Construction
Loans in North Carolina
Bridge, fix & flip, construction, renovation and DSCR loans for investors buying in North Carolina, from the US or abroad, on the same terms. $1M to $5M. Foreign nationals welcome.
Passy Capital finances investors who buy, renovate and build residential investment property in North Carolina: bridge loans, fix & flip loans, and ground-up construction for spec homes and build-to-rent, then renovation loans and DSCR loans as the long-term hold. Loans run from $1M to $5M, with a term sheet in 24 to 48 hours and closing in about two weeks on a clean file.
Most of our North Carolina activity is in the Charlotte region and the Research Triangle around Raleigh and Durham: infill renovation and rebuilds close to the urban cores, and spec homes and build-to-rent communities in the surrounding counties. We also lend in Greensboro, Winston-Salem, Wilmington, Asheville and the state's other markets. Leverage goes up to 80% LTV on bridge loans, 85% of cost on construction, 90% of cost on fix & flip and renovation, and 80% LTV on DSCR loans.
A non-US investor borrows through a US LLC on the same terms as a US investor, with no US credit history required. All loans are business-purpose and for non-owner-occupied property. Larger commercial deals are placed through our capital-partner network.
North Carolina Market Highlights
Foreclosure before the clerk
North Carolina uses a power of sale under the deed of trust, but the trustee must first obtain an order at a hearing before the clerk of superior court, proving the debt, the default, the right to foreclose and proper notice.
Excise tax on transfers
North Carolina's excise tax on conveyances is $1 per $500 of the price, paid by the seller to the county register of deeds before the deed is recorded.
Spec and build-to-rent
Suburban spec homes and build-to-rent communities around Charlotte and the Triangle are financed up to 85% of total cost, with draws released as each stage is inspected.
Infill renovation
Older houses near the urban cores are bought for renovation or rebuild. Fix & flip and renovation loans go up to 90% of total cost, funding the purchase and the work in one loan.
Rental exit
Investors who build or renovate to hold refinance into a DSCR loan, up to 80% LTV, sized on the property's rent rather than personal income.
Foreign investors, same terms
A non-US investor forms a US LLC, which becomes the borrower. Underwriting looks at the property and the plan rather than a US credit file, and there is no foreign-national premium.
Cities We Serve
Charlotte
Concord
Gastonia
Huntersville
Raleigh
Durham
Cary
Apex
Greensboro
Winston-Salem
Wilmington
Asheville
Property Types We Finance
Single-Family
2-4 Units
Condo / Townhome
Small Multifamily (5-9 Units)
Build-to-Rent
SFR Portfolios
Loan Programs
Bridge Loans
Buy, refinance or cash out an investment property, closing in about two weeks.
Construction
Ground-up spec homes and build-to-rent, with draws tied to milestones.
Renovation / Rehab
Rehab financing on 1-4 unit and small multifamily, drawn against completed work.
Fix & Flip
Purchase and rehab in one loan for 1-4 unit flips, closing in about two weeks.
DSCR / Rental
Long-term rental financing based on property cash flow.
North Carolina financing by asset class
Each asset class has distinct financing dynamics in North Carolina. Browse the asset-specific pages for market context, loan products, and FAQs.
NC · Single Family & 1-4 Unit
North Carolina Single Family & 1-4 Unit →
Bridge, fix and flip, renovation and DSCR loans on North Carolina houses and 2-4 units, $1M-$5M.
NC · Ground-Up Construction
North Carolina Ground-Up Construction →
Ground-up construction loans for North Carolina spec homes and small residential builds, up to 85% LTC, $1M-$5M.
NC · Build-for-Rent
North Carolina Build-for-Rent →
Build-for-rent loans in North Carolina: ground-up up to 85% LTC, then a DSCR take-out once leased.
Other US Markets
We finance investment property for US and foreign investors in other markets too.
FL
Florida →
No-tax growth market, Miami, Orlando, Tampa
TX
Texas →
Population boom, Dallas, Houston, Austin
CA
California →
Spec builds and flips, Los Angeles, Bay Area, San Diego
NY
New York →
1-4 unit and small multifamily, NYC, Brooklyn, Long Island
AZ
Arizona →
Flips and build-to-rent, Phoenix, Scottsdale, Tucson
GA
Georgia →
Flips and spec builds, Atlanta metro
TN
Tennessee →
Build-to-rent and rentals, Nashville, Memphis
CO
Colorado →
Flips, infill and rentals, Denver metro
IL
Illinois →
Two-flats, flips and rentals, Chicago
OH
Ohio →
Flips and buy-and-hold, Columbus
WA
Washington →
Infill and middle housing, Seattle
VA
Virginia →
Flips and rentals, Richmond
SC
South Carolina →
Flips and coastal rentals, Charleston
MT
Montana →
Higher-price builds and rentals, Bozeman
NJ
New Jersey →
Flips and small multifamily, Jersey City, Newark
PA
Pennsylvania →
Rehabs and flips, Philadelphia, Pittsburgh
MO
Missouri →
Flips and rentals, St. Louis, Kansas City
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Submit a DealNorth Carolina City Guides
How we finance flips, new construction and rentals in North Carolina's markets.