Fix & Flip Loans
Purchase and rehab funded in one asset-based loan. Up to 90% of the purchase price and 100% of your renovation budget, from a lender who's actually writing the check.
What Is a Fix and Flip Loan?
A fix and flip loan is short-term financing that covers both the purchase of a distressed property and the cost of renovating it, repaid when the property sells. Private Loans US fix and flip loans in Florida fund up to 90% of the purchase price and 100% of the rehab budget, capped at 70% of the after-repair value, on 12 to 18 month interest-only terms.
That's the definition. Here's what actually matters.
The lender you use on a flip is the difference between a deal that pencils and a deal that dies at the closing table. You already know the property. You've walked it, you've priced the scope, you've pulled comps. What you can't control is whether your lender re-trades the terms a week before close, whether the rehab draws show up when the drywall crew is standing in the driveway, and whether the whole thing closes before the seller's other buyer comes back.
We built this program so those three things aren't variables.
How Our Fix & Flip Loans Work
Purchase funds at closing. We fund up to 90% of the acquisition price at close. You bring the balance plus closing costs. For most deals in the $150K–$400K range that means you're in for 10–15% of purchase price out of pocket.
Rehab funds by draw. Your full renovation budget is held in a rehab escrow and released as work gets done. Submit a draw request, we inspect (usually within 2–3 business days in the major Florida metros), and funds release. Most projects run four to six draws. We don't nickel-and-dime on draw fees.
Interest-only during the project. You pay interest monthly on funds actually disbursed — not on the full loan amount sitting in escrow. Principal is due when you sell or refinance.
The ARV cap. Total loan (purchase + rehab) can't exceed 70% of the after-repair value. This is the number that protects both of us. If a deal only works at 80% of ARV, it's not a deal, it's a hope.
Who Qualifies for a Florida Fix and Flip Loan?
Experienced flippers get the best leverage and the lowest pricing. That's not us being difficult — it's how asset-based lending prices risk. Someone with five completed flips in Polk County has shown they can hit a budget and a timeline.
But we fund first-time investors too. If you're new, we'll want to see a realistic scope of work with contractor bids, a credit profile north of 660, and enough liquidity to cover the down payment plus three or four months of interest. Your leverage might land at 80–85% of purchase rather than 90. You'll still close in the same timeframe.
Property types: single-family, 2–4 unit, townhomes, and condos (with caveats — more on that below). Non-owner-occupied only. You'll typically close in an LLC, though we can work with individuals.
What's Different About Flipping in Florida Right Now
Three things, and any lender who isn't talking about them hasn't been paying attention.
Insurance is a line item that kills deals. A four-point inspection and wind mitigation report should be in your due diligence before you're under contract, not after. If the roof is more than 15 years old, price a replacement into the rehab — not because we require it, but because your buyer's lender will, and your resale comps assume it.
Some metros have softened. Tampa, Orlando, and parts of South Florida have more inventory and longer days on market than they did eighteen months ago. Jacksonville and the Panhandle have held steadier. We price to the submarket, so an ARV in Riverview gets a harder look than one in Mandarin. That's not us being pessimistic — it's us not lending you money on a comp that won't be there in six months.
Condos need extra scrutiny. Post-Surfside reserve requirements and milestone inspections have made a lot of older condo buildings hard to finance on the resale side. If you're flipping a condo built before 1995, we'll want to see the association's reserve study and inspection status before committing to an ARV.
A Real Example: What a Fix & Flip Loan Looks Like
Investor buys a 3/2 block home in Lakeland for $185,000. Scope of work is $55,000 — roof, kitchen, both baths, flooring, exterior paint. Comps support an ARV of $335,000.
Term sheet issued the day after application. Closed in nine business days. Sold in month five.
Program Terms
Typical terms for fix & flip loans. Final pricing is based on the asset, leverage, and your exit.
How to Get a Fix and Flip Loan From Private Loans US
Submit the Get Started form with the property address, purchase price, rehab budget, ARV, and your timeline. Five minutes.
Term sheet within 24 hours. Real numbers from the people funding the deal.
We order valuation and title. You send us the scope of work and contractor bids.
Close and fund. Wire goes to the title company on the scheduled date. Rehab escrow is set up the same day.
Fix & Flip Loan Questions
Ready to Fund Your Next Deal?
Tell us about the property. We'll send terms within 24 hours.