OH · Columbus
Bridge, Flip & Construction
Loans in Columbus, OH
Bridge, fix & flip, construction, renovation and DSCR loans for residential investment property in Columbus, $1M to $5M, term sheet in 24 to 48 hours. For US investors and foreign nationals on the same terms.
Passy Capital finances investors who buy, renovate and build residential investment property in Columbus and across Franklin County: single-family houses, 2-4 unit buildings, condos and townhomes, small apartment buildings up to 9 units, build-to-rent communities and portfolios of single-family rentals. Bridge, fix & flip and ground-up construction loans come first, then renovation, with DSCR as the hold once the property is leased. Loans run from $1M to $5M, with a term sheet in 24 to 48 hours and closing in about two weeks on a clean file.
At Columbus price points, a $1M to $5M loan usually means one of three things: a small apartment building or a group of 2-4 unit buildings bought to renovate, a builder's ground-up program of new single-family or townhome product, or a portfolio of rented houses being refinanced into one DSCR loan. Bridge loans go up to 80% LTV, fix & flip and renovation up to 90% of cost, construction up to 85% of cost, and DSCR up to 80% LTV.
Investors based outside the United States borrow on the same terms. The loan is made to a US LLC and underwritten on the property and the plan, with no US credit history required. All lending is business-purpose, on non-owner-occupied property, and the fee is 1-2% of the loan, paid at closing, with no upfront fees.
Columbus Market Highlights
Judicial Foreclosure State
Ohio forecloses through the courts: the court enters judgment and orders a sheriff's sale. Distressed property comes to market on a court timeline, which matters if you source inventory from foreclosure.
Conveyance Fee, Not a Large Transfer Tax
Ohio charges a conveyance fee of $1 per $1,000 at the state level plus a county portion. In Franklin County the total is $3 per $1,000 of sale price, a modest cost on a flip compared with many coastal markets.
Portfolio Refinance Into DSCR
Investors who have built a book of Columbus rentals one house at a time often consolidate them into a single DSCR loan, qualified on the rents rather than on personal income.
Ground-Up and Build-to-Rent
Construction loans up to 85% of cost fund new single-family, townhome and build-to-rent product, with draws released as the work is completed.
University Rental Demand
Ohio State's main campus supports a long-standing market for houses and small multi-unit buildings rented to students, which we finance as residential 1-4 unit or small multifamily property.
Same Terms From Abroad
A foreign investor buying Columbus rentals borrows through a US LLC on the same terms as a local investor, with no US credit history required.
Key Submarkets
Clintonville
Olde Towne East
Merion Village
German Village
Short North
Franklinton
Hilltop
Linden
Grandview Heights
Westerville
Grove City
Reynoldsburg
Property Types We Finance
Single Family
2-4 Units
Condo / Townhome
Small Multifamily (5-9)
New Construction
Build-to-Rent
SFR Portfolios
Student Rentals (1-4 Units)
Loan Programs
Bridge Loans
Buy, refinance or cash out an investment property, closing in about two weeks.
Construction
Ground-up spec homes and build-to-rent, with draws tied to milestones.
Renovation / Rehab
Rehab financing on 1-4 unit and small multifamily, drawn against completed work.
Fix & Flip
Purchase and rehab in one loan for 1-4 unit flips, closing in about two weeks.
DSCR / Rental
Long-term rental financing based on property cash flow.
Investing in Columbus from outside the US
If you are buying in Columbus from outside the United States, financing is usually where the process stalls: no Social Security number, no US credit history, and no retail bank willing to underwrite a foreigner. We lend to your US LLC instead, underwrite the property rather than a US profile you have no way to build, and charge no foreign-national premium for it.
Frequently asked questions
What kind of Columbus deals do you finance?
Residential investment property: single-family, 2-4 units, condos and townhomes, small apartment buildings up to 9 units, build-to-rent and single-family rental portfolios. We lend for bridge, fix & flip, ground-up construction, renovation and DSCR, from $1M to $5M.
Can I refinance a portfolio of Columbus rentals into one loan?
Yes, as long as the total loan falls within $1M to $5M. A DSCR loan up to 80% LTV is sized on the portfolio's rents rather than your personal income.
Can a foreign national finance property in Columbus?
Yes. The loan is made to a US LLC and underwritten on the property, so a non-resident with no US credit history borrows on the same terms as a US investor.
Learn More
Financing a $1M to $5M Residential Investment Property
Bridge, DSCR, fix & flip, renovation and construction compared for the $1M to $5M residential investor.
How does a construction loan draw schedule work?
How funds are released during a ground-up or build-to-rent project, and what triggers each draw.
Foreign national: US LLC and a DSCR loan
How a non-US investor uses a US LLC and a DSCR loan to buy and hold US rental property.
More answers in investor questions, answered and the glossary of lending terms.
Related US Markets
We finance US and foreign investors in other markets too.
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