Freedom Legacy Lending is a direct private money lender funding fix and flip, DSCR rental, bridge, ground up construction and rental portfolio loans on non owner occupied 1 to 4 unit properties in Indiana. Rates start at 7.5% for rentals and 10.5% for fix and flip, and most deals fund in about 3 weeks.
Our loan programs in Indiana
| Program | Best for | Rates from |
|---|---|---|
| Fix and Flip | Buy, renovate and sell 1 to 4 unit homes. | 10.5% |
| DSCR Rental | Long term loans qualified on the rent, not your tax returns. | 7.5% |
| Bridge | Short term money for finished or rent ready properties. | 10.5% |
| Ground Up Construction | Build spec, infill and tear down homes from the ground up. | 11.5% |
| Rental Portfolio | One loan for several rentals in the same state. | 7.5% |
Points are 2.50 under $1M and 2.00 at $1M and up. Standard lender fees are shown up front on your term sheet.
Where we lend in Indiana
We lend statewide, including:
- Indianapolis
- Fort Wayne
- Evansville
- South Bend
- Carmel and Fishers
- Bloomington
What Indiana investors should know
Property tax caps help rentals
Indiana generally caps property taxes on residential rentals at 2% of assessed value. Lower, predictable taxes help your DSCR, since taxes are part of the full payment.
Lower price points work
Our fix and flip loans start at $50K and DSCR rental loans at $75K, so affordable Indiana properties can still fit our programs.
Build to rent and infill
Our ground up loan covers up to 100% of construction costs for spec, infill and build to rent projects, with terms up to 24 months.
Run your numbers first
See your DSCR, loan amount and cash to close with our free DSCR calculator and fix and flip calculator.
Questions
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What DSCR do I need for an Indiana rental?
Do I need to live in Indiana?
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Free investor guide
Read Your Deal Like a Lender
A 14 page playbook from a direct lender. Learn how lenders size, score and fund 1 to 4 unit deals, so you can structure yours for the most leverage.
- The formula for your max offer price at full leverage
- DSCR math that tells you your loan size before you submit
- The BRRRR refinance test and the 180 day seasoning rule
- Ten deal killers, plus a printable Deal Worksheet
Get the free guide
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Have a deal in front of you?
Send the basics. You will hear from a loan officer, usually the same business day.