Florida Fix & Flip Loans - House Flipping Financing
Get comprehensive fix and flip financing in Florida with purchase and renovation funding in one loan. Perfect for experienced house flippers who need fast capital to buy, renovate, and resell properties for maximum profit.
Get Fix & Flip Loan Terms
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Complete Fix & Flip Financing Solution
Purchase Funding
- Up to 90% of purchase price
- Fast closing for competitive offers
- No appraisal delays
Renovation Funding
- Up to 100% of renovation costs
- Milestone-based draw schedule
- Flexible contractor requirements
Fix & Flip Loan Program Details
Loan Structure and Terms
- Loan Amounts: $100,000 to $2,000,000+
- Loan-to-Cost: Up to 90% of total project cost (purchase + renovation)
- Terms: 6 to 18 months with extension options
- Interest Rates: Competitive rates starting at 9%
- Points: 2-4 points depending on experience and deal specifics
- Payments: Interest-only monthly payments
Ideal Property Types for Fix & Flip
- Single-family homes in need of cosmetic or major renovation
- 2-4 unit properties with value-add potential
- Condominiums in desirable areas
- Townhomes with renovation upside
- Properties in gentrifying neighborhoods
Renovation Scope We Finance
Our fix and flip loans can cover a wide range of renovation projects:
Cosmetic Renovations ($15,000 - $50,000)
- Interior and exterior painting
- Flooring replacement (carpet, hardwood, tile)
- Kitchen cabinet refacing and countertops
- Bathroom updates and fixtures
- Landscaping and curb appeal improvements
- HVAC system repairs or replacement
Major Renovations ($50,000 - $150,000+)
- Complete kitchen and bathroom remodels
- Structural modifications and additions
- Roof replacement and major repairs
- Electrical and plumbing system upgrades
- Foundation repairs and waterproofing
- Pool installation or renovation
Draw Schedule Process
Our renovation draws are designed to keep your project moving while protecting both parties:
- Initial Draw (at closing): 10-20% of renovation budget released
- Foundation/Framing Draw: 25-30% released upon completion
- Rough-In Draw: 25-30% released after mechanical rough-in
- Finish Draw: 25-30% released upon substantial completion
- Final Draw: 10-15% held until project completion and inspection
Required Documentation
- Completed loan application with project details
- Property purchase contract
- Detailed contractor estimates and scope of work
- Property photos (before condition)
- Proof of down payment funds
- Borrower experience summary and previous project examples
- Contractor licenses and insurance certificates
- Projected timeline for completion
Florida Fix & Flip Market Insights
Florida's diverse real estate markets offer excellent opportunities for fix and flip investors. Key factors to consider when flipping in Florida include:
Popular Florida Flip Markets
- Miami-Dade: High-end finishes and modern designs perform well
- Orlando: Tourist proximity drives vacation rental potential
- Tampa Bay: Growing job market supports strong resale demand
- Jacksonville: Affordable entry point with good profit margins
- Southwest Florida: Seasonal buyers appreciate luxury amenities
Florida-Specific Considerations
- Hurricane Preparedness: Storm shutters and impact windows add value
- Energy Efficiency: High-efficiency HVAC systems are essential
- Pool Features: Pools are often expected in higher-end markets
- Outdoor Living: Covered patios and lanais are highly desirable
- Flood Zones: Understanding flood zone requirements is crucial
Success Tips for Florida Fix & Flip Projects
- Market Research: Understand local buyer preferences and price points
- Budget Wisely: Include 15-20% contingency for unexpected costs
- Quality Contractors: Use licensed, insured contractors with good references
- Timeline Management: Plan for seasonal weather delays and permit processing
- Exit Strategy: Have multiple exit options (retail sale, rental, wholesale)
Fix & Flip Loan FAQs
What is a fix and flip loan?
A fix and flip loan is short-term financing that covers both the purchase price of a property and the renovation costs. These loans are designed specifically for house flippers who buy, renovate, and quickly resell properties for profit.
How much can I borrow for a fix and flip project?
We can lend up to 90% of the total project cost (purchase price plus renovation budget) for experienced flippers. Loan amounts typically range from $100,000 to $2,000,000+ depending on the project scope.
How do renovation draws work?
Renovation funds are released in scheduled draws based on completion milestones. We typically require receipts and inspection before releasing each draw to ensure work is progressing as planned.
What's the typical timeline for a fix and flip loan?
Most fix and flip loans have 6-18 month terms, providing enough time for renovation and sale. We offer extension options if additional time is needed to complete the project or find a buyer.
Do I need contractor estimates?
Yes, for renovation budgets over $25,000, we require detailed contractor estimates. All contractors should be licensed, insured, and have a proven track record of completing similar projects.
What happens if my project goes over budget?
If renovation costs exceed the original budget, you'll need to cover the additional expenses out of pocket. We recommend including a 10-20% contingency in your budget for unexpected costs.
What is the maximum LTC for fix and flip loans?
We can lend up to 90% of the total project cost (purchase + renovation) for experienced flippers with a proven track record.
How do renovation draws work?
Renovation funds are released in draws based on completion of work phases. We typically require receipts and inspection before releasing funds.
Do you require contractor estimates?
Yes, we require detailed contractor estimates for renovation work over $25,000. Contractors should be licensed and insured.
What if the project goes over budget?
If your project exceeds the original budget, you'll need to cover the additional costs. We recommend having a 10-20% contingency in your budget.
Top Florida Fix & Flip Markets
Miami Fix & Flip Loans
High-end market with luxury renovation potential
Orlando Fix & Flip Loans
Tourist destination with vacation rental upside
Tampa Fix & Flip Loans
Growing tech hub with young professional buyers
Jacksonville Fix & Flip Loans
Affordable entry point with good profit margins
Fort Lauderdale Fix & Flip Loans
Boating lifestyle market with premium finishes
Start Your Next Florida Fix & Flip Project
Get comprehensive purchase and renovation financing with our fix and flip loans. Stop losing deals to cash buyers - compete and win.
Not a commitment to lend. Terms subject to underwriting, market conditions, and borrower experience. All loans subject to credit approval and property evaluation.
Rates and terms vary based on loan type, property type, borrower experience, and market conditions. Contact us for current rates and terms specific to your deal.
This information is for real estate investors and is not intended for owner-occupied properties. Investment properties only.