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

Yes. PML funds fix and flip loans in all 50 states, with active flipper books in Las Vegas, Henderson, Reno, and North Las Vegas. 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 Nevada projects. No state-line carve-outs on pricing or leverage; a Clark County flip prices off the same rate sheet as a Clark County flip.

Nevada’s Mortgage Lending Division does not require a separate state license for business-purpose loans on 1 to 4 unit non-owner-occupied investment property where the borrower is an entity. PML originates Nevada fix and flip loans under that posture, with closings handled through the customary Nevada 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 Nevada fix and flip activity in our book lands in a $300,000 to $525,000 ARV band, with loans typically between $240,000 and $430,000 on a single asset. Las Vegas and Henderson skew toward the lower half of that band on entry-level cosmetic flips; Summerlin and MacDonald Ranch stretch to $1,200,000 plus on full-gut projects. We will write a Nevada loan as small as $100,000 and as large as $5,000,000.

Nevada is a title-company and escrow state. Closings happen at a licensed escrow office working alongside a title insurance underwriter — functionally one closing, two licensed parties on the file. PML has working relationships with escrow companies in every major Nevada metro. A clean Nevada file regularly closes 5 to 7 business days from term-sheet acceptance.

Nevada imposes a real property transfer tax of $1.95 per $500 of consideration in Clark and Washoe Counties, $1.25 per $500 in most other Nevada counties. The buyer pays the county recorder fee on the deed and deed of trust. PML’s quote on the HUD reflects the actual Nevada tax and recording schedule for the subject county; there are no lender markups on third-party closing costs.

Nevada summer heat slows exterior trade work in July and August — roofing, exterior paint, concrete pours — but does not slow our draw cadence. Inspector clears within one business day, wire goes out within 48 hours, year-round.

Nevada 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 120 days. As a sponsor this should never matter; as an underwriting input it is one reason our Nevada loans price cleanly off the national rate sheet.

The Clark County e-recording system normally posts a deed and deed of trust the same business day they are submitted. Other major Nevada metros (Henderson, Reno and North Las Vegas) run similarly fast on e-recording. PML wires loan proceeds the day of close; the lien recording happens in parallel.

Yes. Nevada 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 Nevada 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 Nevada 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 the standard Nevada transfer-tax treatment applied at close. 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.