Fix and Flip Loans in Florida β Fast Funding for Real Estate Investors
Short-term bridge financing for purchase and renovation. Whether you're flipping your first property or your fiftieth, I'll connect you with the right lender and the right terms to move fast and maximize your return.
What Is a Fix and Flip Loan?
A fix and flip loan is a short-term bridge loan designed for real estate investors who purchase distressed or undervalued properties, renovate them, and sell for a profit. Unlike conventional mortgages, these loans are built around speed, flexibility, and the after-repair value of the property.
Fast Funding
Fix and flip loans close significantly faster than conventional financing β often in days, not weeks. Speed matters when competing for distressed properties or REOs.
Renovation Costs Included
Unlike traditional mortgages, fix and flip loans can cover up to 100% of your renovation costs on top of the purchase price β so you're not draining reserves to fund the rehab.
Based on After-Repair Value
Lenders evaluate the deal based on the property's after-repair value (ARV), not just the current condition. A strong deal with a solid ARV can qualify even on a distressed property.
How the Fix and Flip Process Works
From finding a deal to closing and flipping β here's the simple version.
Find the Deal
Identify a distressed or undervalued property with strong renovation potential and a clear ARV.
Get Pre-Qualified
I'll review your deal, experience level, and credit profile and match you with the best lender and terms available.
Close and Renovate
Loan funds the purchase and renovation draws are released as work is completed based on inspections.
Sell and Repay
List the renovated property, sell at the improved value, repay the loan, and keep the profit.
Leverage Based on Your Experience
The more deals you've completed, the more leverage you can access. Here's a general overview β exact terms vary by lender, deal, and rehab type.
| Experience (Last 3 Years) | Max Loan-to-Cost (Purchase) | Renovation Costs | Max After-Repair Value |
|---|---|---|---|
| 0 Flips Completed | Up to 85% of Purchase | 100% Covered | Up to 70% ARV |
| 1β4 Flips Completed | Up to 90% of Purchase | 100% Covered | Up to 75% ARV |
| 5β10 Flips Completed | Up to 95% of Purchase | 100% Covered | Up to 75% ARV |
| 10+ Flips Completed* | Up to 100% of Purchase | 100% Covered | Up to 75% ARV |
*100% financing available on light rehab for qualifying experienced investors (720+ FICO, $800k or under). Ranges are general guidelines β actual terms depend on lender, deal, property type, and rehab classification. Not a commitment to lend.
Understanding Rehab Classifications
Lenders categorize renovations into three tiers. Knowing which tier your project falls into affects your leverage and which lenders are the best fit.
Cosmetic & Surface Updates
Renovation budget is 2.5%β50% of the initial property value. Typically includes paint, flooring, fixtures, kitchens, and bathrooms without structural changes. Best leverage available β up to 95β100% of purchase for experienced investors.
Significant Renovation
Renovation budget is 50%β100% of the initial property value. May include roof, HVAC, electrical, plumbing, or significant layout changes. Slightly more conservative leverage terms than light rehab.
Gut Rehab or Expansion
Renovation budget exceeds 100% of initial value, OR involves a 20%+ expansion of square footage (750+ sq ft), OR a change in use. More selective lenders β first-time investors are typically not eligible.
Who Fix and Flip Loans Are For
Whether you're just getting started or scaling an active portfolio, there's a program for your situation.
First-Time Flippers
You don't need a track record to get started. Programs exist for investors with zero completed flips β leverage is more conservative, but the opportunity is there. I'll help you structure a deal that makes sense for where you are.
Active Investors Scaling Up
If you've completed 3β10 flips you're in the sweet spot for better leverage and more lender options. Multiple simultaneous projects are possible with the right lender relationships.
Out-of-State Investors
Investing in Florida from out of state? I'm local and familiar with Central Florida's markets β values, neighborhoods, and what deals pencil out. Having a local broker in your corner matters.
Why Work With a Broker Instead of Going Direct
Going directly to a single hard money lender locks you into their terms. Working with me means you're getting the best fit from multiple options.
Multiple Lender Options
I work with several fix and flip lenders. If one lender's terms don't work for your deal, another might β and I'll tell you which option is actually better for your situation.
One Application, Multiple Quotes
Instead of applying to five different lenders and taking five hard pulls, I gather what's needed once and present your deal to the right lenders for your scenario.
No Pressure, Honest Guidance
My goal is to help you close profitable deals β not to push you into financing that doesn't make sense. If a deal doesn't pencil out, I'll tell you before you're committed.
Local Florida Market Knowledge
Based in Winter Garden, I know Central Florida values, neighborhood dynamics, and what lenders will look favorably on in this market. That context matters when structuring your deal.
Fix and Flip Loan FAQs
Can I get a fix and flip loan with no experience?
Yes β programs exist for investors completing their first flip. Leverage is more conservative (typically up to 85% of purchase price + 100% of renovation costs) and ARV limits are lower, but it's absolutely possible. Experience level is just one factor in determining terms.
What credit score do I need?
Most fix and flip programs require a minimum 650 FICO. Some advanced programs for experienced investors may require 720+ FICO to access the highest leverage tiers. I'll match you to lenders based on your actual credit profile.
How does the renovation draw process work?
Renovation funds are typically held in reserve and released in draws as work is completed. A lender-ordered inspection verifies completion of each phase before the next draw is released. The process varies slightly by lender.
Can I do multiple fix and flip loans at the same time?
Yes, with the right lender. Most programs allow concurrent loans β the number you can carry simultaneously depends on your experience, credit profile, and the lender's guidelines.
What types of properties qualify?
Non-owner occupied 1β4 family residential properties including single-family homes, condos, and townhomes. Multi-family (5+ units) is also available through select programs. The property must be non-owner occupied.
Is there a prepayment penalty?
Most fix and flip programs have no prepayment penalty β you can sell and pay off the loan as soon as the deal closes without additional fees. Always confirm this on any specific loan before committing.
How does fix and flip financing compare to DSCR loans?
Fix and flip loans are short-term (typically 12 months) designed for properties you plan to sell after renovation. DSCR loans are long-term (30 years) designed for properties you plan to hold and rent. Many investors use both β flip to build capital, then hold for income. Learn about DSCR loans β
Serving Fix and Flip Investors Throughout Florida
Based in Winter Garden, I help investors finance fix and flip projects across Central Florida and statewide.
Ready to Talk About Your Next Deal?
Whether you have a property under contract or you're still running the numbers β let's talk. I'll help you figure out what financing is available and whether the deal makes sense before you're committed.
Loan terms, leverage, and availability vary by lender, deal structure, borrower profile, and market conditions. All information is general in nature and not a commitment to lend. Not all applicants will qualify. Brandt Myers | NMLS #2030154 | Mountain Goat Mortgage LLC | NMLS #2547079 | Licensed in FL & PA