Backflip for North Carolina investors
Backflip combines hard money lending with deal-analysis tools — particularly useful for newer investors wanting integrated underwriting support.
North Carolina context
North Carolina strong Sunbelt growth. Charlotte and Raleigh-Durham dominant. Asheville STR contested.
How Backflip positions in North Carolina
Within North Carolina, Backflip competes alongside other DSCR lenders. Backflip strengths: tech-forward, deal analysis tools. The medium aggregate DSCR economics of North Carolina create demand for Backflip programs in Charlotte and Raleigh particularly.
City-level coverage in North Carolina
Backflip provides DSCR coverage across North Carolina metros including Charlotte, Raleigh, and Greensboro. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Backflip program terms apply uniformly across North Carolina metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, bridge |
| Loan size | $50K - $2.5M |
| Rates | 9.99%-11.99% |
| Points | 1 - 3 |
| Max LTV | 85% of ARV |
| Term lengths | 12 months |
| Typical close time | 5-10 days typical |
| North Carolina property tax | 0.8% |
| North Carolina state income tax | 4.5% |
Backflip strengths in North Carolina
- tech-forward
- deal analysis tools
- newer investor friendly
Ideal borrower: Newer investor needing deal analysis tools alongside financing
FAQ
Yes, operates nationally including North Carolina. Backflip is based in Denver, CO and operates nationally.
Charlotte is the top investor market in North Carolina and falls within Backflip national coverage. Charlotte property tax follows the North Carolina state rate of 0.8 percent. Backflip typically underwrites Charlotte acquisitions at standard rate sheets.
Yes. Raleigh ranks among the larger North Carolina investor metros and sees consistent DSCR loan volume from Backflip. Submarket variation within Raleigh matters for property selection.
Backflip applies the same rate sheet across North Carolina metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charlotte, Raleigh, and Greensboro all qualify for the same Backflip program.
Backflip indicative DSCR rate range is 9.99 to 11.99 percent with 1 to 3 points.
North Carolina strong Sunbelt growth. Charlotte and Raleigh-Durham dominant. Asheville STR contested. Backflip follows standard business-purpose loan structures.
Backflip funds fix-and-flip, BRRRR, bridge in North Carolina.
North Carolina allows standard DSCR prepay structures; Backflip typically uses 3-5 year step down.
Backflip typical close: 5-10 days typical.
Bottom line
North Carolina investors considering Backflip should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Backflip.