Fix and flip financing in North Carolina funds the purchase and the rehab budget, sized on cost and capped on after-repair value, with draws released against completed work. The terms are the same in every state Silt lends in; the state-specific part is the closing cost stack, title and the legal process that shapes your acquisition pipeline — especially if you buy distressed inventory.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
By Census Bureau population estimates, Vintage 2025 (July 1, 2025). Silt lends statewide — these markets are not a limit. Metros are ranked by full-area population among those listing this state first in the Census name; Washington is also included for Virginia and Maryland. Interstate totals are not state-only populations. [9]
Yes. North Carolina is one of the states Silt lends in, and the fix & flip program covers renovation of 1–40 unit residential property.
North Carolina is listed as a non-judicial-foreclosure jurisdiction: a power-of-sale clause in the deed of trust or mortgage lets the sale proceed without a court judgment, following the statutory notice steps. G.S.45-21.16 governs power-of-sale foreclosure with notice and a clerk-of-court hearing; calling it nonjudicial does not mean no court involvement.
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $8M; leverage 90% LTC · 70% ARV; rehab funding 100% of budget; structure Interest-only, 12–24 mo; draws Funded in 48h, app-based; residential scope 1–40 units. The final term sheet reflects the property and the file.
Every Silt loan closes in an LLC or corporation, never a personal name. A foreign LLC needs authority before transacting business under G.S. 57D-7-01; the application fee is $250 under G.S. 57D-1-22. The exception for renting foreclosure-acquired property during liquidation is narrow, not a general exemption for an operating rental portfolio.
North Carolina’s conveyance excise tax is $1 per $500 or fraction of consideration or value under G.S. 105-228.30. The transferor pays before recording. Instruments securing indebtedness are exempt from this conveyance tax; that exemption does not remove recording fees.
Submit photos and invoices from the site through the app. Standard line items are reviewed remotely against the approved budget, and draws are funded in 48 hours.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.