Florida Fix & Flip Loans
Purchase and rehab financing sized around your after-repair value, not your tax returns. Buy up to 95% of purchase price, get 100% of your renovation budget funded in draws, and keep the loan generally within 75% of what the finished home will sell for. Rates from 9.99%, interest-only for the length of the flip.
- Up to 95% of purchase (LTC), or 90% purchase + 100% of construction
- 100% of the renovation budget, funded in draws as work is completed
- Total loan generally held within 75% of ARV
- 620+ credit – no income or W-2 documentation on investment properties
- Exit by selling, or refinance into a 30-year DSCR rental loan
- Tell us about the dealPurchase price, rehab budget, and your estimated ARV.
- Get a same-day term sheetWe size the loan around the numbers, not your tax returns.
- Close and start rehabbingPurchase funds at closing, rehab funds released in draws.
Florida Fix & Flip Loans at a Glance
- Purchase financing: Up to 95% of purchase (LTC), or 90% of purchase plus 100% of construction, on fix & flip, fix-to-rent, or value-add projects.
- Rehab financing: 100% of the renovation budget, released in draws as work is completed and inspected.
- Total loan vs. ARV: Generally held within 75% of the after-repair value, so the deal still has room for profit.
- Refinance / cash-out: Refinance up to 90% LTV; cash-out up to 75% of value on a stabilized property.
- Rate & payments: From 9.99%, interest-only during the flip – no principal payments while you renovate and sell.
- Term: 12-24 or 12-36 month terms, with extensions available and no prepayment penalty.
- Credit / docs: 620+ FICO; no income or W-2 documentation required on investment properties.
- Exit: Sell the finished home, or refinance into a 30-year DSCR rental loan and hold it instead.
The math behind every flip
The four numbers every Florida flip lives or dies on
Before you ever talk financing, every profitable Florida flip comes down to the same four numbers lining up. Get these right and the loan structure mostly takes care of itself:
After-Repair Value
Your finished, sold price. Every loan dollar is sized against it, so an honest ARV estimate is the foundation of the whole deal.
The Ceiling
The total loan generally stays within 75% of ARV, leaving room in the deal for your profit once the home sells.
Renovation Budget
Funded 100% and reimbursed in draws as work is completed, so your own cash isn’t tied up in materials and labor.
Holding Costs
Interest, insurance, property taxes, and utilities – every month until you sell. Underestimating carry is the most common way a good flip turns marginal.
Fix & flip financing
What is a Florida fix & flip loan?
A fix & flip loan is short-term financing built to fund the purchase and renovation of an investment property, with the expectation that you’ll sell it – or sometimes refinance and hold it – once the work is done. Rather than underwriting your personal income, we underwrite the deal itself: the purchase price, the renovation budget, and your projected after-repair value. That’s why a 620+ FICO score and no income or W-2 documentation is enough to qualify on an investment property, whether you’re doing your first flip or your fiftieth.
The purchase side of the loan can go up to 95% of the purchase price on a loan-to-cost basis, or you can structure it as 90% of purchase plus 100% of construction, depending on which fits your deal and your available cash better. The rehab budget is funded at 100%, but it isn’t handed over as a lump sum at closing – it’s released in draws as each phase of work is completed and inspected, which keeps the lender’s risk in line with the property’s actual progress and keeps your cash from sitting idle in a renovation that hasn’t started yet. Across both pieces, we generally keep the total loan within 75% of the projected ARV, which is what protects your margin if the market softens or the renovation runs a little over budget.
| Purchase financing | Up to 95% of purchase (LTC), or 90% of purchase plus 100% of construction on fix & flip, fix-to-rent, or value-add projects |
| Rehab financing | 100% of the renovation budget, released in draws |
| Total loan vs. ARV | Generally held within 75% of the after-repair value |
| Refinance / cash-out | Refinance up to 90% LTV; cash-out up to 75% |
| Rate & payments | From 9.99%, interest-only during the flip |
| Term | 12-24 or 12-36 months; extensions available; no prepayment penalty |
| Credit / docs | 620+; no income or W-2 documentation on investment properties |
| Exit | Sell the finished home, or refinance into a 30-year DSCR rental |
Project types
Fix & flip loan programs for Florida investors
The same core structure supports a few different investing strategies – choose the one that matches your plan for the property:
Classic Fix & Flip
Purchase and rehab funding to buy a distressed or dated property, renovate it, and sell it for a profit within the loan term.
Fix-to-Rent
Renovate the property to raise its value and rent-readiness, then refinance into a 30-year DSCR loan and hold it as a rental instead of selling.
Value-Add Projects
Heavier renovation and repositioning projects, financed with the same 100%-of-rehab, draw-based structure as a standard flip.
Refinance & Cash-Out
Refinance a completed or stabilized property up to 90% LTV, or pull cash out up to 75% of value to fund your next project.
Why flip in Florida
Why Florida is a strong fix & flip market
- Steady population growthNew residents arriving every year keep demand for renovated, move-in-ready homes strong across most metros.
- Older housing stock to work withEstablished neighborhoods in cities like Tampa, St. Petersburg, and Jacksonville have plenty of dated homes ripe for renovation.
- No state income taxKeeps more of your profit on each deal, and continues to attract buyers relocating from higher-tax states.
- Carry costs need real attentionProperty insurance, flood-zone requirements, and HOA rules can add up fast in Florida, which is exactly why the carry number in your budget deserves as much care as the rehab number.
Free tool
Florida fix & flip deal calculator
This tool estimates your total loan amount, how it compares to your ARV ceiling, your estimated cash required, your interest-only carrying cost, and your estimated profit before selling costs. Enter your numbers to see the estimate. Illustrative only; final terms depend on the property and underwriting.
Your deal
Illustrative only; not a commitment to lend. Assumes the purchase loan is fully drawn at closing and rehab funds are drawn evenly over the hold period (averaging 50% of the rehab budget outstanding). Excludes selling costs such as commissions and closing costs, and excludes title, escrow, and other third-party fees. The interest rate is an example input, not a quote.
How we compare
CambridgeHomeLoan vs. typical Florida hard money lenders
Local hard money lenders can move fast, but many still want to see your bank statements, cap your rehab draws at a fixed percentage of cost regardless of progress, or charge a penalty if you sell or refinance early. Here is how our program typically differs. Where we lead, it is highlighted.
| Feature | CambridgeHomeLoan | Typical Hard Money Lenders |
|---|---|---|
| Qualifies on | The deal – price, rehab, ARV | Deal plus borrower financials |
| Documentation | No income or W-2 docs | Bank statements often required |
| Rehab funding | 100% of budget, in draws | Often a lower percentage of rehab |
| Purchase leverage | Up to 95% of purchase | Often 80-85% of purchase |
| Prepayment penalty | None – exit anytime | Some charge for an early payoff |
| Exit to a rental | In-house 30-yr DSCR refinance | Usually a separate lender |
| Model | Direct lender since 1998 | Varies – often a broker or fund |
Hard-money-lender column is a generic composite of commonly seen terms as of 2026, subject to change, and does not describe any specific lender. For general comparison only.
Local markets
Florida fix & flip loans by city
The math behind a flip changes by neighborhood – a Miami luxury condo renovation, a Jacksonville entry-level flip, and a Cape Coral canal-front fixer-upper carry very different rehab budgets and ARVs. Here is a snapshot of what we typically see in some of the state’s most active flip markets:
Miami
Luxury condo and single-family renovations command strong ARVs, though HOA rules and higher carrying costs make the “carry” number especially important here.
Orlando
Rapid population growth supports a steady pipeline of entry-level and mid-market flips in established, centrally located neighborhoods.
Tampa
Strong appreciation and an older housing stock in close-in neighborhoods make full-gut renovations a common and often highly profitable flip strategy.
Jacksonville
Comparatively affordable purchase prices support solid margins on lighter cosmetic flips, with room for the 75% ARV ceiling to work in your favor.
Fort Lauderdale
Waterfront and canal-front renovation flips can carry outsized ARVs, but insurance and flood-zone considerations should be built into your rehab budget early.
St. Petersburg
A wave of downtown and near-downtown renovation activity has made bungalow and mid-century home flips a consistent local strategy.
Naples
A high-end resale market supports premium finish-out flips, where the quality of the renovation directly drives the achievable ARV.
Sarasota
Older homes on the mainland and barrier islands alike offer solid flip opportunities, with island properties carrying their own wind and flood considerations.
West Palm Beach
Continued relocation into the area keeps resale demand strong, supporting both cosmetic refreshes and larger value-add renovation projects.
Fort Myers
An active rebuilding and renovation market where fix-to-rent strategies are increasingly common alongside traditional resale flips.
Tallahassee
A steadier, less seasonal market where straightforward cosmetic flips near the university and government job base tend to perform reliably.
Cape Coral
A high volume of canal-front fixer-uppers and bank-owned properties makes this one of the state’s most active markets for fast-turn renovation flips.
We are serving all over Florida – if your city is not listed here, please call to discuss or submit the application so that we can check.
How it works
Get your Florida fix & flip loan in three steps
Submit your deal
Tell us the purchase price, your renovation budget, and your estimated after-repair value. It takes a few minutes.
Get a same-day term sheet
We review the numbers – no income or W-2 documentation required – and send you clear purchase and rehab terms.
Close and start rehabbing
Purchase funds at closing, and rehab funds release in draws as each stage of work is completed and inspected.
Requirements
Florida fix & flip loan requirements
| Down payment / equity | As little as 5-10% of purchase price, depending on the structure chosen |
| Credit | 620+ FICO; deal-first, exceptions considered |
| Income docs | None required on investment properties – no tax returns or W-2s |
| Rehab budget | Detailed scope of work and cost breakdown, funded 100% in draws |
| ARV support | Comparable sales or an appraisal supporting the projected after-repair value |
| Vesting | Individual, LLC, or entity · foreign nationals eligible |
| Exit | Sale of the finished property, or refinance into a 30-year DSCR rental loan |
Answers
Florida fix & flip loan FAQ
What is a fix & flip loan?
A fix & flip loan is short-term financing that funds both the purchase and the renovation of an investment property. Rather than qualifying you on personal income, we underwrite the deal: the purchase price, your rehab budget, and the property’s projected after-repair value (ARV).
Purchase financing can go up to 95% of the purchase price, or you can structure it as 90% of purchase plus 100% of construction. The renovation budget is funded 100%, released in draws, and the total loan is generally held within 75% of ARV.
How is ARV calculated, and why does the 75% rule matter?
ARV – after-repair value – is your best estimate of what the finished, renovated home will sell for, typically supported by comparable recent sales of similarly renovated homes nearby. Because it’s an estimate rather than a guarantee, we generally keep the total loan (purchase plus rehab) within 75% of that number.
That 75% ceiling isn’t just a lending rule – it’s what protects your own profit margin. If your total costs (purchase, rehab, and carry) creep close to 100% of ARV, there’s little room left for the market to move against you or for the renovation to run over budget.
How does rehab draw funding work?
Your renovation budget is approved up front and funded at 100%, but it isn’t disbursed as a lump sum. As you complete stages of work – demolition, rough-in, finishes, and so on – we inspect the completed work and release the corresponding draw, typically within a few business days.
This keeps your own cash from sitting idle in materials that haven’t been installed yet, while still tying disbursements to verified progress on the property.
What’s the difference between 95% of purchase and 90% purchase plus 100% construction?
Both structures are available, and which one fits better depends on your deal. Ninety-five percent of purchase (loan-to-cost) puts more leverage on the acquisition itself, which can help on a lower-rehab deal. Ninety percent of purchase plus 100% of construction shifts more of the total financing toward the renovation, which can help on a heavier rehab where the improvement work is where most of the value gets created.
Do I need income documentation or tax returns to qualify?
No. On investment properties, we don’t require income or W-2 documentation. Qualification is based on your credit (620+ typical) and the strength of the deal itself – purchase price, rehab scope, and projected ARV – rather than your personal financial statements.
What happens if I don’t sell the property in time?
Terms run 12-24 or 12-36 months depending on the structure, and extensions are available if your project needs more time than planned – a common situation with permitting delays or a slower resale market. There’s no prepayment penalty either way, so paying the loan off early, whether from a fast sale or an early refinance, never costs you extra.
Can I hold the property as a rental instead of selling it?
Yes. A fix-to-rent strategy uses the same purchase-and-rehab structure, but instead of selling the finished property, you refinance into a 30-year DSCR rental loan and hold it. That gives you the flexibility to decide whether to sell or hold once the renovation is complete and the market comes into focus.
What Florida-specific factors should I build into my carry budget?
Property insurance, wind mitigation requirements, flood-zone status, HOA or condo association fees, and county permitting timelines can all add real cost and time to a Florida flip beyond the renovation itself. Building a realistic monthly carry number – not just the rehab budget – into your deal analysis before you buy is one of the most common gaps between a flip that pencils out and one that doesn’t.
Keep exploring
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© 2026 CambridgeHomeLoan.com · NMLS #1826020 · 4830 W Kennedy Blvd, Tampa, FL 33609 · (800) 826-5077 · Equal Housing Lender. Fix & flip loans are short-term, business-purpose loans for non-owner-occupied investment properties and are not available for primary residences. Rates, points, leverage, terms, draw schedules, and closing timelines are illustrative, subject to change without notice, and subject to borrower, property, and deal qualification and underwriting approval. “Rates from 9.99%,” “up to 95% of purchase,” “up to 75% of ARV,” and other maximums reflect the strongest profiles and are not a quote or commitment to lend. After-repair values are estimates confirmed by comparable sales or an appraisal. Calculator results are illustrative, assume even rehab draw timing, and exclude selling costs, title, escrow, insurance, and other third-party fees. Comparison figures are generic market composites for illustration only and are not the terms of, or an endorsement of or by, any specific lender. City descriptions are general market observations for illustration only and are not property-specific advice. Illustrations on this page are artwork and do not depict specific properties. This page is informational and does not constitute financial, legal, tax, or investment advice.