Residential investment financing across West Virginia’s major metropolitan areas. Bridge, DSCR, fix & flip, new construction, and build-to-rent programs.
West Virginia is one of the cheapest states in the country to acquire rental property and one of the cheapest to hold it. Median acquisition costs run $130K to $180K, property taxes average 0.58% (second lowest in the nation), and there is no rent control anywhere in the state. For cash-flow investors the math is hard to beat: Charleston and Huntington single-family rentals routinely underwrite to 8%+ cap rates.
The state splits into three distinct markets. The Kanawha and Ohio valleys (Charleston, Huntington, Wheeling, Parkersburg) are the classic low-basis cash-flow play, with tenant demand anchored by government, healthcare, and chemical-industry employment. Morgantown runs on West Virginia University: roughly 25,000 students plus the WVU Medicine system keep vacancy low and rents resilient. And the Eastern Panhandle (Martinsburg, Charles Town) is effectively a Washington DC exurb, with MARC commuter rail service and spillover demand from Northern Virginia driving the fastest population growth in the state.
West Virginia is also structurally lender friendly: it is a deed of trust state with non-judicial trustee foreclosure, one of the faster recovery frameworks in the country. That matters to borrowers because it lets private lenders price West Virginia competitively instead of padding rates for recovery risk.
We lend across West Virginia’s major metropolitan areas. If your project is in or near one of these markets, we want to hear about it.
Every loan program we offer is available to qualified borrowers and properties in West Virginia.
Short-term capital for acquisitions, dispositions, or refinances. Close in as little as one week.
Learn More30-year fixed financing based on property cash flow. Ideal for scaling or holding a rental portfolio.
Learn MoreAcquisition and renovation capital for value-add residential projects.
Learn MoreCapital for home builders to leverage their lot position and break ground on new residential projects.
Learn MoreFinancing for purpose-built rental communities and single-family rental developments.
Learn MoreWest Virginia sits squarely inside our 45-state footprint, and we underwrite here regularly, including single-family deals in the Charleston market at the low six-figure loan sizes typical of the Kanawha Valley. Small-balance loans are not an afterthought for us; our DSCR and fix and flip programs are built to work at exactly the price points West Virginia trades at.
Every Ledger loan is a business-purpose loan to an investment entity: no tax returns, no W-2s, no owner-occupant underwriting. DSCR loans qualify on property cash flow, construction loans fund up to 90% of cost with draw schedules built around your build, and closings run 3 to 4 weeks from term sheet.
Acquire 10 to 20 single-family rentals in Charleston at $80K to $150K a door. Cap rates of 8 to 10% with the second-lowest property taxes in the country. DSCR refinance into long-term holds and keep leverage working across the portfolio.
West Virginia University and the WVU Medicine system anchor the state's most resilient rental demand. Buy near campus or the hospital corridor, renovate to durable standards, and hold on DSCR financing with rents that reset every lease cycle.
Martinsburg and Charles Town absorb Washington DC demand at a fraction of Northern Virginia prices. Finance new construction on infill and small-subdivision lots, then exit to owner-occupants or roll to DSCR as rentals.
Acquire distressed single-family at $50K to $90K, renovate on a 5 to 7 month cycle with bridge financing, and exit to owner-occupants or keep as rentals. Low basis keeps downside contained.
Our team has deep experience financing residential projects across West Virginia. Reach out to discuss your next deal.
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