Fix and flip loans in North Carolina, funded in 48 hours.

Yes. PML funds fix and flip loans in all 50 states, with active flipper books in Charlotte, Raleigh, Greensboro, and Durham. 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 North Carolina projects. No state-line carve-outs on pricing or leverage; a Mecklenburg County flip prices off the same rate sheet as a Wake County flip.

North Carolina does not require a separate state lender license for business-purpose loans secured by 1 to 4 unit non-owner-occupied investment property held by an entity. PML originates North Carolina fix and flip loans under that posture, with closings handled through the customary North Carolina 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 North Carolina fix and flip activity in our book lands in a $250,000 to $475,000 ARV band, with loans typically between $200,000 and $385,000 on a single asset. Charlotte and Raleigh skew toward the lower half of that band on entry-level cosmetic flips; Myers Park and the inner-loop Raleigh submarkets stretch to $925,000 plus on full-gut projects. We will write a North Carolina loan as small as $100,000 and as large as $5,000,000.

North Carolina is an attorney-closing state. A licensed North Carolina 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 North Carolina metro and routes the deed of trust and closing protection letter accordingly. A clean North Carolina file regularly closes 6 to 9 business days from term-sheet acceptance.

North Carolina imposes an excise tax on the deed at $1 per $500 of consideration ($2 per $500 in seven coastal counties), paid by the seller. The buyer pays the register of deeds recording fee on the deed of trust. PML’s quote on the HUD reflects the actual North Carolina tax and recording schedule for the subject county; there are no lender markups on third-party closing costs.

Atlantic hurricane season (June through November) can pause draws for 48 to 72 hours during an active warning on coastal files, but inland North Carolina sees no seasonal slowdown. Inspector clears within one business day, wire goes out within 48 hours, year-round.

North Carolina 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 100 days. As a sponsor this should never matter; as an underwriting input it is one reason our North Carolina loans price cleanly off the national rate sheet.

The Mecklenburg County e-recording system normally posts a deed and deed of trust the same business day they are submitted. Other major North Carolina metros (Raleigh, Greensboro and Durham) run similarly fast on e-recording. PML wires loan proceeds the day of close; the lien recording happens in parallel.

Yes. North Carolina 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 North Carolina 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 North Carolina 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 North Carolina 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.