Hard money loans in Florida
Florida is a landlord’s state. Rental loans qualify on rent with no experience needed, and flips, builds and bridges are open to investors with three finished projects.
- 80%
- rental loan to value
- 85%
- of a flip purchase
- 100%
- of the rehab financed
FloridaPrograms available in Florida
Rental loans have no experience requirement. Fix and flip, construction and bridge loans in Florida are for investors with three or more finished projects.
| Loan | What it does | Maximum |
|---|---|---|
| DSCR rental | Keep a rental for 30 years | 80% of value |
| Fix and flip | Buy and renovate | 85% of price + 100% of rehab |
| Ground-up construction | Build new homes | About 5% under the standard leverage, 65% of completed value |
| Bridge | Hold a finished property | 65% of value |
Where we lend in Florida
Miami-Dade, Broward and Palm Beach counties, Tampa Bay, Orlando, Jacksonville and other cities and suburbs across the state. Lee, Charlotte, Sarasota and Collier counties are outside these programs, and Florida condos are not eligible for fix and flip loans.
How Florida investors use these loans
Florida suits investors who hold rentals. A DSCR loan qualifies a rental on its rent with no tax returns, and foreign nationals borrow up to 65% of value.
Experienced flippers and builders use the short-term loans to renovate or build, then sell or refinance into a rental loan. Leverage in Florida is a little lower than elsewhere, and we give you the numbers for your county up front.
From first message to closing
- 1
Tell us about the deal
Your contact details and a line about the property. No application at this stage.
- 2
Hear where the deal stands
Which loan fits and how much it covers, before you spend money on an appraisal. If the numbers don’t work, we tell you that too.
- 3
Get written terms
A soft credit check that leaves your score alone, then a term sheet. After you accept it: appraisal, title, insurance and your company documents.
- 4
Close in your LLC
Funds go to escrow at closing. Rehab and construction money comes out in draws as each stage of work is finished.
Florida questions
Do you offer DSCR loans in Florida?
Yes, from $75,000 to $2M, up to 80% of value, qualified on the rent.
Can foreign nationals get a Florida rental loan?
Yes, up to 65% of value with 12 months of payments in reserve.
Can I use a DSCR loan for an Airbnb in Florida?
Not with this program. It is for long-term rentals on leases of 12 months or more.
Do you make fix and flip loans in Florida?
Yes, for investors with three or more finished projects in the last three years and 680+ credit. First flips are not available in Florida.
What does construction need in Florida?
A completed build, 700+ credit, about 5% less leverage and a 65% limit against completed value.
Does the loan have to be in an LLC?
Yes, an LLC or a corporation borrows. If you don’t have one yet, you can set it up before closing.
Have a deal in hand?
Leave your contact details and a line about the deal. We get back to you with which loan fits, how much it covers and written terms, before you pay for an appraisal.
- No hard credit pull to see terms
- No tax returns or W-2s
- Business-purpose loans on investment property