Fix and Flip Loans St. Petersburg, Florida
Finance a St. Petersburg flip on the deal – not your income. We fund purchase plus rehab up to 95% of cost across Pinellas County, welcome first-time flippers, and close in as few as 5 days so you can win the deal.
- Asset-based – we lend on the deal, not your tax returns
- Up to 95% LTC · 90% of purchase · 100% of rehab · up to 75% ARV
- 620 FICO · first-time St. Petersburg flippers welcome
- SF, 2-4 unit, townhome, condo & small multifamily
- Interest-only during the flip, or refinance to a 30-yr DSCR exit · no prepay penalty
St. Petersburg fix & flip
What is a fix and flip loan in St. Petersburg?
A St. Petersburg fix and flip loan is short-term, asset-based financing for buying and renovating an investment property to resell for profit. We underwrite the deal – the purchase price, your rehab budget, and the after-repair value (ARV) – not your income or tax returns. That lets St. Petersburg investors fund purchase plus rehab up to 95% of total cost, draw rehab funds as the work is completed, and close in as few as 5 days to beat other buyers.
St. Pete’s Old Northeast and Kenwood bungalows flip well – budget coastal insurance and verify flood zone on near-water deals.
St. Petersburg market
St. Petersburg fix & flip market at a glance (2026)
| Median sale price | about $400,000 |
| Typical flip ARV | about $470,000 |
| Typical rehab budget | about $70,000 |
| Target flip margin | 15%-20% of ARV |
| Insurance note | Elevated – hurricane wind and flood; budget it into the holding costs |
| Investor angle | Coastal value-add flips |
St. Petersburg neighborhoods
Where St. Petersburg flips pencil (2026)
St. Petersburg flip margins vary by submarket – here is where deals tend to work:
| Submarket | Typical value range* | Flip angle |
|---|---|---|
| Historic Kenwood | $450K-$640K | Bungalow value-add |
| Old Northeast | $550K-$800K | Historic premium reno |
| Central Oak Park | $380K-$520K | Value-add SFR |
| near Gulfport | $420K-$600K | Coastal value-add |
*Approximate 2026 ranges for illustration – confirm comps and ARV for the specific address.
Free tool
St. Petersburg fix & flip loan calculator
Enter your purchase price, rehab budget, and ARV to estimate your loan, cash to close, and projected profit on a St. Petersburg flip. Illustrative only; final terms follow appraisal and title.
Deal inputs
The math
The 70% rule & a real St. Petersburg flip
Experienced St. Petersburg flippers use the 70% rule as a first screen: pay no more than 70% of ARV minus rehab. On a $470,000 ARV with a $70,000 rehab, that points to a max purchase around $259,000. Here is how a representative St. Petersburg deal pencils with our financing:
| Purchase price | $282,000 |
| Rehab budget (100% financed) | $70,000 |
| Loan amount (to 95% LTC) | $352,000 |
| After-repair value (ARV) | $470,000 |
| Selling & holding costs (est.) | $72,800 |
| Estimated gross profit | ~$45,200 |
Illustrative only – not a commitment to lend. Your numbers depend on the actual purchase, rehab scope, ARV appraisal, and market conditions.
Requirements
St. Petersburg fix & flip loan requirements
| Leverage | Up to 95% LTC · 90% of purchase · 100% of rehab · up to 75% ARV |
| Credit | 620+ FICO; better pricing at 700+ |
| Experience | First-time flippers welcome – no completed-flip requirement |
| Term | Interest-only, typically 12-18 months; refinance to a 30-yr DSCR exit available |
| Property | SF, 2-4 unit, townhome, condo, small multifamily |
| Vesting | LLC or entity · foreign nationals eligible |
| Close | As few as 5 days after appraisal & title |
Answers
St. Petersburg fix & flip loan FAQ
How much of a St. Petersburg flip will you finance?
Up to 95% of total cost (LTC) – as much as 90% of the purchase and 100% of the rehab – capped at about 75% of the after-repair value (ARV). On a typical St. Petersburg deal that means most or all of your rehab is funded through construction draws.
Do I need flipping experience to get funded in St. Petersburg?
No. We fund first-time St. Petersburg flippers – there is no completed-flip requirement. Experience can improve leverage and pricing, but the deal itself is what we underwrite.
How fast can you close a St. Petersburg fix and flip loan?
As few as 5 days once the appraisal and title are in. St. Petersburg investors use that speed to win on-market and wholesale deals.
What credit score do I need?
A 620 FICO is the general floor; stronger credit improves leverage and rate. We qualify on the deal – the purchase, the rehab budget, and the ARV – not your tax returns.
Keep exploring
Fix & Flip Loans in Nearby Florida Markets
© 2026 CambridgeHomeLoan.com · NMLS #1826020 · 4830 W Kennedy Blvd, Tampa, FL 33609 · (800) 826-5077 · Equal Housing Lender. Fix and flip loans are business-purpose loans for non-owner-occupied investment properties only. Leverage, rates, and terms are illustrative, subject to change, and subject to borrower and property qualification and underwriting approval. ARV, rehab, and profit figures are estimates for illustration only and are confirmed per project by appraisal.