NC · Raleigh
Bridge, Flip & Construction
Loans in Raleigh, NC
Bridge, fix & flip, construction, renovation and DSCR loans for residential investment property in Raleigh, $1M to $5M, term sheet in 24 to 48 hours. For US investors and foreign nationals on the same terms.
Passy Capital finances investors across Raleigh and the Research Triangle who buy, renovate and build residential investment property: bridge loans, fix & flip loans, and ground-up construction for spec homes, townhomes 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.
The Triangle combines a state capital, three research universities (NC State in Raleigh, Duke in Durham and UNC in Chapel Hill) and Research Triangle Park. For investors that means steady demand for rentals near campuses and employment centers, renovation of older houses inside the Beltline and in central Durham, and ground-up spec and build-to-rent projects in the growing towns of Wake and Johnston counties.
We lend the same way to a Triangle builder and to an investor based outside the United States. A non-US investor borrows through a US LLC on the same terms, with no US credit history required. All loans are business-purpose and for non-owner-occupied property.
Raleigh Market Highlights
Ground-up in the suburbs
Spec homes, townhomes and build-to-rent in the towns around Raleigh are financed up to 85% of total cost, with draws released as each stage is inspected.
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. It is faster than a full lawsuit and more formal than a pure trustee sale.
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.
University and employer demand
NC State, Duke, UNC and Research Triangle Park anchor rental demand from students, staff and employees across Raleigh, Durham and Chapel Hill.
In-town renovation
Older houses inside the Beltline and in central Durham 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.
Key Submarkets
Inside the Beltline
Five Points
Oakwood
Southeast Raleigh
North Hills
Durham
Cary
Apex
Holly Springs
Wake Forest
Fuquay-Varina
Clayton
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.
Investing in Raleigh from outside the US
If you are buying in Raleigh from outside the United States, financing is usually where the process stalls: no Social Security number, no US credit history, and no retail bank willing to underwrite a foreigner. We lend to your US LLC instead, underwrite the property rather than a US profile you have no way to build, and charge no foreign-national premium for it.
Frequently asked questions
Do you lend in Durham and the rest of the Triangle, not only Raleigh?
Yes. We finance investment property across the Triangle, including Durham, Cary, Apex and the surrounding towns, from $1M to $5M.
How much can I borrow on a Raleigh new build or renovation?
Ground-up construction goes up to 85% of total cost, fix & flip and renovation up to 90% of total cost, bridge loans up to 80% LTV and DSCR loans up to 80% LTV. The final number depends on the deal, the budget and your experience.
Can a foreign national finance a Raleigh investment property?
Yes. The loan is made to a US LLC and underwritten on the property and the plan, not a US credit file, so a non-US investor with no US credit history borrows on the same terms as a US investor.
What does the loan cost upfront?
Nothing. Our fee is 1-2% of the loan, paid at closing, with no upfront fees.
Learn More
Construction Loans: Development Financing
How ground-up loans are sized against cost and drawn during the build.
Fix and Flip Financing Guide
How purchase-plus-rehab loans are sized, drawn and repaid on a flip.
Refinancing a Bridge Loan into DSCR
The exit from a new build or renovation into a long-term rental loan.
Foreign National Financing
How non-US investors borrow on US terms through a US LLC.
Other Cities in North Carolina
We also finance investors across other North Carolina markets.
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