Lewiston’s price points and steady buyer demand reward tight budgets and predictable draws. Ambition Lending funds investor-purpose fix & flip loans with disciplined underwriting and fast inspections.

Leverage & Structure

Typical leverage up to 80–90% of purchase and up to 100% of rehab via milestone-based draws on qualifying files. Interest-only terms keep payments manageable; plan 3–4 draws and label photos by room and milestone.

A Lewiston Flip Budget to Model

• ARV $310,000; Rehab $34,000; 70% rule → Max purchase = 0.70 × 310k – 34k = $183,000
• Holding/soft costs: $14k–$18k over 4–5 months
• Align finishes to neighborhood comps; avoid over-spec to protect margin.

Approval Signals

Recent like-for-like comps, clean itemized scope tied to milestones, early insurance binder, and clear exit (sell vs DSCR refi).

Q&A

Owner-builder? Cosmetic scopes may be allowed; larger scopes usually require licensed subs.
Manufactured homes? Case by case with permanent foundation details.
First draw timing? Often 7–10 days after verified progress.

Hard Money Lender in Lewiston