Backflip for South Carolina investors
Backflip combines hard money lending with deal-analysis tools — particularly useful for newer investors wanting integrated underwriting support.
South Carolina context
South Carolina low property tax. Charleston and Myrtle Beach STR active. Strong investor-friendly state.
How Backflip positions in South Carolina
Within South Carolina, Backflip competes alongside other DSCR lenders. Backflip strengths: tech-forward, deal analysis tools. The high aggregate DSCR economics of South Carolina create demand for Backflip programs in Charleston and Columbia particularly.
City-level coverage in South Carolina
Backflip provides DSCR coverage across South Carolina metros including Charleston, Columbia, and Greenville. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Backflip program terms apply uniformly across South 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 |
| South Carolina property tax | 0.6% |
| South Carolina state income tax | 6.5% |
Backflip strengths in South Carolina
- tech-forward
- deal analysis tools
- newer investor friendly
Ideal borrower: Newer investor needing deal analysis tools alongside financing
FAQ
Yes, operates nationally including South Carolina. Backflip is based in Denver, CO and operates nationally.
Charleston is the top investor market in South Carolina and falls within Backflip national coverage. Charleston property tax follows the South Carolina state rate of 0.6 percent. Backflip typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Columbia ranks among the larger South Carolina investor metros and sees consistent DSCR loan volume from Backflip. Submarket variation within Columbia matters for property selection.
Backflip applies the same rate sheet across South Carolina metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Columbia, and Greenville all qualify for the same Backflip program.
Backflip indicative DSCR rate range is 9.99 to 11.99 percent with 1 to 3 points.
South Carolina low property tax. Charleston and Myrtle Beach STR active. Strong investor-friendly state. Backflip follows standard business-purpose loan structures.
Backflip funds fix-and-flip, BRRRR, bridge in South Carolina.
South Carolina allows standard DSCR prepay structures; Backflip typically uses 3-5 year step down.
Backflip typical close: 5-10 days typical.
Bottom line
For South Carolina DSCR borrowers, Backflip is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Backflip.