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Performance credits
Hit milestones, keep budgets/reporting on target, and credits accrue—realized at exit alongside our list-to-close bridge conversion at 10.49%.
Borrower-grade precision lending
Borrow Smarter. Build Faster.
Felspar specializes in NC & VA workforce housing—most competitive on clean, well-scoped projects with strong rental or DSCR-friendly exits.
- NC & VA
- Lending in most major markets across North Carolina and Virginia.
- Up to 85% LTC
- We underwrite the deal itself—most competitive on clean, well-scoped rehabs and rental-ready projects in NC & VA.
- Borrower-Friendly Terms
- Flexibility is built in—loan structures designed to optimize real-world execution.
- Raleigh
- Durham
- Chapel Hill
- Richmond
- Roanoke
- Virginia Beach
- Norfolk
- Danville
- Greensboro
- High Point
- Winston Salem
- Fayetteville
- Asheville
- Greenville
- Burlington
- Charlotte
- Hampton Roads
- Newport News
- Wintergreen
- Outer Banks
- Rocky Mount
- Wilson
- Goldsboro
- Salisbury
- Thomasville
- Asheboro
- Reidsville
- Lenoir
- Gastonia
- Petersburg
- Hopewell
- Lynchburg
- Martinsville
- South Boston
- Halifax
- Staunton
- Waynesboro
- Bristol
- Bedford County
Capital programs built for operators
A better bridge between vision and capital.
We partner with serious real estate operators, especially in NC & VA workforce and secondary markets, delivering structured capital for projects with clear scopes, predictable values, and strong rental or DSCR exit paths.
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Fast draws & liquidity
Photo-first verification, micro-draws, and same-week closing keep crews moving without waiting on field inspections or new appraisals.
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Transparent all-inclusive fee
One flat $1,495 lender fee covers docs, underwriting, title coordination, and recording—no junk, wire, or surprise valuation fees.*
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High-leverage structures
Up to 85% loan-to-cost on projects with clear, manageable scopes—especially clean rehabs and rental transitions in NC & VA markets—so your equity stays working.
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Seamless exit support
DSCR-ready underwriting, rental seasoning support, automatic list-to-close bridges, and takeout coordination make refinancing a handoff—not a redo.
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Transparent borrower portal
Live dashboards show payments, payoff amounts, reserves, and covenants across every loan so you’re never guessing.
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Secondary-market specialists
We’re especially strong in North Carolina and Virginia secondary and tertiary markets—places like Rocky Mount, Wilson, Goldsboro, Petersburg, Hopewell, and Danville where clean, predictable rehabs and solid rent-to-price ratios create durable returns.
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Clear, Predictable Extensions
Life happens. Our extension terms are written in advance—no surprise fees or shifting rules. Stay in the deal, stay on track, and keep your exit strategy intact.
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Human Underwriting
We underwrite the deal and the operator—not automated scoring models. Clean scopes, grounded ARVs, and rental strength get rewarded with better terms and faster approvals.
Frictionless flow
Five streamlined steps from application to payoff.
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Apply Online
Tell us about your property, budget, and timeline in minutes.
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Underwrite Quickly
We size loans to total cost, rental strength, and clear scopes—ARV informs risk, but predictable execution and exit strategy drive our terms.
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Close Fast
Once title and insurance clear, we can fund in as little as five days.
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Draw Digitally
Request draws inside the portal and verify progress remotely with photos.
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Refinance or Sell
Repay early, unlock performance rewards, and recycle capital into the next deal.
Operators first
Ready to fund your next project?
Borrower-friendly capital. Transparent terms. Institutional discipline that keeps every deal on track.