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Fix and Flip Loans in Florida
Florida is a flipper’s market — deep distressed inventory, constant buyer demand, and three metros that each behave differently. The discipline that separates profitable Florida flips from stalled ones is underwriting insurance and flood risk as carefully as the kitchen and bath budget. A renovation that ignores the roof’s age or the flood zone can look great on paper and fall apart at the resale appraisal or the buyer’s insurance quote.
A fix-and-flip loan funds both the purchase and the renovation, so you can keep your own capital working across multiple projects. Approval is driven by the after-repair value and your track record, which lets experienced investors close in 7–10 business days and act before slower, conventionally financed buyers.
Where Florida flippers find deals
- Tampa Bay — arguably the state’s best flip market: faster permits, lower carry than South Florida, and steady resale demand.
- Orlando & Central Florida — population and tourism growth keep buyers active; verify flood zones inland and near lakes.
- Miami-Dade & South Florida — higher basis and stricter coastal code, with premium exits when the scope is done right.
- Jacksonville & North Florida — lower entry prices and solid margins on cosmetic-to-moderate rehabs.
Scope the insurance, not just the finishes
The single biggest Florida-specific variable is insurability. Roof age, impact-rated windows and doors, and elevation determine whether a renovated home is easy or painful to insure — which directly affects what your buyer can afford and what the appraisal supports. Wind-mitigation upgrades are often the highest-ROI line items on a Florida flip because they widen the pool of qualified buyers. We treat them as core scope and release rehab funds in draws as the work passes inspection.
Rates, leverage, and terms
Florida fix-and-flip loans generally price interest-only in the 9%–14% range, with up to roughly 90% of acquisition cost and 100% of documented rehab for qualified, experienced borrowers. Where you land depends on your track record, the comp set, and the complexity of the coastal and insurance picture.
A realistic worked example
An investor contracts a dated single-family in an Orlando suburb for $280,000.
- Bridge at 88% LTC funds about $246,000 of the purchase, interest-only.
- Rehab of $65,000 — kitchen, baths, flooring, paint, plus a new roof — released in draws.
- Comps support a $430,000 ARV after renovation, with the new roof improving the buyer’s insurance options.
- The investor lists into active Central Florida demand; if the resale spread compresses, the deal pivots to a 30-year DSCR hold where rents support the ratio.
Underwriting realities specific to Florida
- Insurance-driven scope — roof, openings, and elevation drive both cost and resale appeal.
- Flood zones — confirm before committing, especially inland near water and in coastal South Florida.
- HOA/condo constraints — verify rental and renovation rules and any pending assessments.
- Exit flexibility — a flip that softens can become a DSCR rental when the numbers support it.
Why investors work with Jaken Finance Group
As a boutique lender with a legal backbone, we structure Florida flips — entity setup, draw schedules, and a clear resale-or-hold exit — so projects close cleanly and finish profitably. Whether you are flipping in Tampa, Orlando, or South Florida, we fund fast and underwrite the risks that actually matter here.
Not sure which product fits? Start with what kind of loan you need or get pre-qualified.
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Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. All loans are subject to full underwriting for loan approvals. Jaken Finance Group only finances non-owner occupied investment properties.