Hard Money Loans in New Hampshire

New Hampshire flips tend to be old houses. A Manchester multifamily or a Concord Victorian may need wiring, plumbing, a new boiler, roofing, insulation and lead-safe work on painted trim, and fieldstone foundations often mean damp basements. Plan exterior work for the warmer months. The state's transfer tax is imposed on both buyer and seller, so a flipper pays a share at purchase and again at resale.

Apex's hard money fix and flip loans cover up to 92.50% of total cost and up to 100% of the rehab budget, paid in draws. First-time investors are welcome, and the minimum FICO is 650, with lower scores considered case by case.

Year-round rental demand centers on Manchester, Nashua, Concord and the Seacoast cities, where two- to four-family houses are common and every unit's rent counts toward the DSCR. Tax bills differ by town and winter heat is costly, so use the current tax bill and confirm who pays for heat. Lakes Region cottages and White Mountains condos can qualify as short-term rentals, though bookings follow the seasons.

Apex sizes New Hampshire DSCR loans on the property's cash flow, not your personal earnings: ratios as low as 0.75x, 30-year terms, $100K to $3M+, and cash-out up to 80% LTV. Reaching the full 80% takes a stronger DSCR and credit score than the program minimums, so leverage on each file is set by its DSCR and credit.

A bridge loan fits New Hampshire deals where timing matters: a mill-city apartment building with vacancies to fill before a bank will lend, a purchase that must close before your last property sells, or a lake camp you plan to make year-round. For that, the state requires a septic construction approval before a seasonal structure is converted to full-time occupancy, and work near public waters may need a shoreland permit. A common route is to buy with hard money, then refinance into a DSCR loan.

Apex sets bridge terms deal by deal, considers first-time sponsors, and can fund qualified New Hampshire deals with complete documents in as fast as 15 days.

Much of New Hampshire's investor building is infill: a house on a city lot, a teardown in an established suburb, or an accessory dwelling unit. A recent state law requires towns that allow single-family homes to allow an attached or detached accessory unit by right, though a town may still require the owner to live in one of the units. Without sewer, a permitted designer draws the septic system, and the state approves it before construction and again before use.

On a New Hampshire build, Apex funds up to 100% of the construction budget in stages against progress, and can include the lot purchase.