Fix and flip loans in Mississippi, funded in 48 hours.

Yes. PML funds fix and flip loans in all 50 states, with active flipper books in Jackson, Gulfport, Southaven, and Hattiesburg. Single-family, duplex, triplex, and fourplex properties. Loan size from $100,000 to $5,000,000 per asset, with cross-collateralized facility lines available for sponsors running three or more concurrent Mississippi projects. No state-line carve-outs on pricing or leverage; a Hinds County flip prices off the same rate sheet as a Harrison County flip.

Mississippi does not require a separate state lender license for business-purpose loans on 1 to 4 unit non-owner-occupied investment property held by an entity. PML originates Mississippi fix and flip loans under that posture, with closings handled through the customary Mississippi closing process. Loans are not consumer mortgages; they cannot be used for a primary or secondary residence. The borrower is always an LLC, LP, or corporation, never a natural person.

The bulk of Mississippi fix and flip activity in our book lands in a $125,000 to $285,000 ARV band, with loans typically between $100,000 and $230,000 on a single asset. Jackson and Gulfport skew toward the lower half of that band on entry-level cosmetic flips; Madison and inner-belt Oxford stretch to $485,000 plus on full-gut projects. We will write a Mississippi loan as small as $100,000 and as large as $5,000,000.

Mississippi is an attorney-closing state. A licensed Mississippi real estate attorney handles the closing in coordination with a title insurance underwriter; no escrow agent in the western-state sense. PML works with closing-attorney panels in every major Mississippi metro and routes the deed of trust and closing protection letter accordingly. A clean Mississippi file regularly closes 6 to 9 business days from term-sheet acceptance.

Mississippi does not impose a state-level real estate transfer tax. The buyer pays only the county recording fee on the deed and deed of trust, typically $25 to $50 per document. PML’s quote on the HUD reflects the actual Mississippi tax and recording schedule for the subject county; there are no lender markups on third-party closing costs.

Atlantic and Gulf Coast hurricane season (June through November) can pause draws for 48 to 72 hours during an active warning, and coastal Mississippi files require a windstorm insurance binder before close. Inspector typically clears within one business day, wires go out within 48 hours, year-round; no other seasonal slowdown.

Mississippi is a non-judicial foreclosure state operating under power of sale. A defaulted business-purpose loan can move from notice to trustee sale in roughly 30 days post-notice. As a sponsor this should never matter; as an underwriting input it is one reason our Mississippi loans price cleanly off the national rate sheet.

The Hinds County e-recording system normally posts a deed and deed of trust the same business day they are submitted. Other major Mississippi metros (Gulfport, Southaven and Hattiesburg) run similarly fast on e-recording. PML wires loan proceeds the day of close; the lien recording happens in parallel.

Yes. Mississippi trustee sales typically happen on a posted weekly or monthly schedule at the county courthouse. PML issues a binding term sheet within four business hours of a property submission, which is sufficient for most Mississippi non-judicial auctions and most online foreclosure platforms. Clean title and a binding term sheet can move from winning bid to wire in 7 to 10 calendar days.

Yes. PML can close into a newly-formed Mississippi LLC even if you took the property under contract in your personal name. The closing party handles the deed transfer at closing — the property moves from your personal name into the new entity simultaneous with the loan funding, with no Mississippi transfer tax to absorb. We do not lend to natural persons; the borrower is always an entity. We can help structure the entity if you do not yet have one in place.