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Virginia

Private Lending in Richmond

Residential investment financing across the Richmond metro area. Construction loans, DSCR rental financing, bridge loans, fix & flip, and build-to-rent programs for builders and investors in Virginia's capital city.

Investing in Richmond

Richmond is a market that rewards informed investors. With a metro population of approximately 1.3 million and steady growth, Virginia's capital combines the stability of state government employment with a dynamic private sector. VCU and its health system are major employers, while the city's position on the I-95 corridor provides connectivity to Washington, DC (100 miles north) and the Research Triangle (170 miles south). Scott's Addition has emerged as one of the most successful urban revitalization stories in the Mid-Atlantic, and the momentum is spreading to Manchester, Church Hill, and other urban core neighborhoods.

For builders and investors, Richmond offers a balanced market with a median home price around $330K, strong rental demand from university students and healthcare professionals, and active development in both the urban core and suburban ring. Henrico and Chesterfield counties provide deep suburban markets for new construction and rental portfolios, while the city proper offers compelling fix-and-flip and value-add opportunities. Virginia's legal framework is generally favorable for landlords, and proximity to DC creates a steady pipeline of relocating professionals seeking more affordable housing.

Richmond Neighborhoods & Submarkets

We finance residential investment projects across the Richmond metro, including Henrico, Chesterfield, and Hanover counties.

Scott's Addition Manchester Church Hill The Fan Short Pump Glen Allen Midlothian Mechanicsville Brandermill Bon Air Ashland Chester

Available in Richmond

Every loan program we offer is available to qualified borrowers and properties in the Richmond metro.

Richmond Market Snapshot

Metro Population
~1.3 Million
Median Home Price
$330,000
Property Tax Rate
0.87%
Henrico County
Population Growth
Steady
Landlord Friendly
Yes
Key Growth Driver
DC Proximity

What Works in Richmond Right Now

Fix & Flip in Church Hill and Manchester

Richmond's urban core neighborhoods offer some of the best value-add opportunities on the East Coast. Church Hill and Manchester have older housing stock with strong buyer demand from young professionals priced out of The Fan and Scott's Addition. Acquisition costs of $180K to $280K with $50K to $80K renovation budgets can yield after-repair values in the $320K to $400K range. These walkable neighborhoods benefit from limited supply and Richmond's growing reputation as a destination city.

DSCR Rental Portfolio in Henrico and Chesterfield

Richmond's suburban counties offer strong rental demand at accessible price points. Properties in the $260K to $350K range in Short Pump, Glen Allen, Midlothian, and Bon Air command rents of $1,300 to $1,700/month. Henrico County's lower property tax rate (0.87%) compared to the city (1.20%) enhances DSCR ratios. The combination of VCU students, healthcare workers, and state government employees provides a diversified tenant base.

New Construction in Western Henrico and Hanover

The Short Pump corridor and Hanover County (Mechanicsville, Ashland) are seeing increased builder activity as demand for new homes exceeds supply. Builders delivering single-family homes in the $380K to $500K range are finding strong buyer interest from families relocating from Northern Virginia and out-of-state transplants. Available lots and favorable permitting timelines support efficient construction programs.

Frequently Asked Questions

What are property tax rates in the Richmond metro?
Richmond city's effective property tax rate is approximately 1.20%, while Henrico County averages about 0.87% and Chesterfield County runs around 0.95%. Hanover County's rate is approximately 0.81%. The suburban counties offer more favorable tax treatment for investment properties, which improves DSCR ratios on rental portfolios.
What rental demand exists in Richmond?
Richmond benefits from strong rental demand driven by VCU (one of the largest universities in Virginia), the state government workforce, healthcare systems (VCU Health, Bon Secours), and its position on the I-95 corridor between DC and the Carolinas. Single-family rents range from $1,200 to $1,700/month, with newer construction in Short Pump and Midlothian commanding higher rates.
Where are the best neighborhoods for fix and flip in Richmond?
Church Hill, Manchester, and parts of Northside offer the strongest value-add opportunities. These neighborhoods have older housing stock, strong buyer demand from young professionals, and ongoing revitalization. Scott's Addition has largely appreciated past the flip window, but adjacent areas still offer opportunities. Acquisition costs of $180K to $280K with $50K to $80K renovation budgets are common.
How does Richmond's proximity to DC affect the real estate market?
Richmond sits approximately 100 miles south of Washington, DC on I-95. This proximity creates spillover demand from DC-area professionals seeking more affordable housing and remote workers who want access to the capital. It also supports a steady flow of government contractors and federal employees who relocate for lower cost of living while maintaining career access to DC.

Also Lending In

Start Your Richmond Investment

Our team has deep experience financing residential projects across the Richmond metro. Reach out to discuss your next deal.

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