Fix & Flip Loans in Florida

Fix and flip loans in Florida

Rehab loans for Florida house flippers from a direct lender headquartered in downtown Tampa. Up to 85% of your project cost, 100% of the rehab funded through draws, and a term sheet in 24 hours with no credit pull.

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Term sheet in 24 hours. No obligation.

No credit pull required. Your information is secure.

$100K-$2M

Loan size

Up to 85%

Loan-to-cost

100%

Rehab funded

Up to 70%

Of ARV

From 10%

Rate

12 mo

Term

Why Requity

A Florida lender for Florida flips

Based in Tampa

Requity is headquartered at 401 E Jackson St in downtown Tampa, and Requity Group owns and operates real estate in Florida. Your deal is reviewed by people who know Florida's markets, permitting and insurance, and you can reach them directly at 813.338.1000.

100% of the rehab

Your whole renovation budget is funded. Request a draw when a phase is done, a third-party inspector confirms the work, and funds are wired within 2-3 business days. Your contractor stays on schedule because your money does.

Fast enough for competitive buys

Bank-owned listings, auctions and off-market deals go to the buyer who can close. We issue term sheets in 24 hours and close in as fast as 72 hours from a signed term sheet.

Two Programs

Florida flip loan terms

The same two programs we offer nationally. Experienced flippers get our best pricing; newer investors get the same 100% rehab funding with no minimum credit score.

Premier Balance Sheet

Who it is for 3+ flips in the last 24 months and 650+ credit First-time and newer flippers, no minimum credit score

Rate 10% fixed, interest-only From 12% fixed, interest-only

Origination 2 points ($4,000 minimum) 2 points ($4,000 minimum)

Purchase price Up to 90% Up to 85%

Total project cost Up to 85% Up to 85%

After-repair value Up to 70% Up to 70%

Rehab budget 100%, through draws 100%, through draws

Term 12 months, no exit fee 12 months, no exit fee

Your loan is the lowest of the purchase, cost and ARV limits. Loans carry a 4-month minimum of interest. All loans are subject to underwriting approval. Rates, terms, and fees vary based on property type, loan-to-value ratio, borrower experience, and market conditions. Requity Lending is a commercial bridge lender; we do not offer consumer residential mortgages. Contact us for a customized quote.

Local Knowledge

Flipping in Florida: what to plan for

Florida flips have costs and rules you will not find in most other states. These are the ones we see change a deal's numbers most often.

Florida closing costs on your loan

Florida charges documentary stamp tax on the note at $0.35 per $100 of the loan amount, plus a one-time intangible tax of 0.2% of the loan. On a $263,500 loan that is $922.25 in note stamps and $527 in intangible tax, paid at closing. The deed carries its own stamp tax of $0.70 per $100 of the price in most counties (Miami-Dade has different rates), and who pays it is set by your contract.

Insurance during the rehab and for your buyer

You will need a builder's risk or vacant dwelling policy while the house is under renovation. When you sell, your buyer's insurer will often ask for a 4-point inspection on an older home and a wind mitigation report, and roof age drives both price and availability. Budgeting for a new roof, updated electrical panel, plumbing or HVAC can be what makes the finished house insurable, and sellable.

Flood zones and the 50% rule

If the property sits in a FEMA Special Flood Hazard Area and your renovation costs 50% or more of the building's market value, the local floodplain manager can treat it as a substantial improvement. That means the whole house must be brought up to current flood standards, which can include elevating it. Check the flood zone and the building's value before you finalize your scope of work.

Permits, licensed contractors and the owner-builder rule

Florida's owner-builder exemption is meant for owners improving a home for their own use. It does not cover a house you plan to sell or rent, and selling within a year of completion creates a presumption that the work was done for sale. Use licensed contractors for structural, roofing, electrical, plumbing and HVAC work, and pull permits so your buyer's inspector and lender do not find surprises.

Notice of Commencement and lien releases

Most improvement jobs over $2,500 need a recorded Notice of Commencement before work starts. Under Florida's construction lien law, unpaid contractors and suppliers can lien the property, so collect a lien release with every payment. Our draw process is built around the same idea: work is inspected before funds are released.

Hurricane season

Hurricane season runs from June 1 to November 30. Plan roof and exterior work early in the project, keep the site secured, and know that insurers usually stop binding new policies while a named storm threatens your area, which can delay a closing.

How It Works

From offer to sale in four steps

Send the deal

Share the address, purchase price, scope of work and your ARV estimate. You get a term sheet within 24 hours, with no credit pull.

Valuation and title

We order the valuation and work with your Florida title company or closing attorney. Bring your LLC documents and a line-item rehab budget.

Close in as fast as 72 hours

Most residential bridge deals close within 72 hours to 14 business days from a signed term sheet, depending on title and the valuation.

Renovate, draw, sell

Request draws as phases are finished. When the house sells, the loan is paid off at closing. No exit fee.

Have a deal? Get terms in 24 hours.

Get your quote

FAQ

Florida fix and flip loan FAQ

Don't see your question? Call 813.338.1000 or email contact@requitygroup.com.

Ask about your deal →

Do you make fix and flip loans everywhere in Florida?

Yes. We lend statewide, including Tampa Bay, Orlando, Jacksonville, South Florida, Southwest Florida, Sarasota and Bradenton, Lakeland, Ocala and the Panhandle. Every deal is underwritten on the local market, comparable sales and the renovation plan.

What does a fix and flip loan cost in Florida?

Rates are 10% fixed and interest-only on our Premier program and 12% on Balance Sheet, with 2 origination points ($4,000 minimum) and no exit fee. Florida adds two loan taxes at closing: documentary stamp tax on the note ($0.35 per $100 of the loan) and intangible tax (0.2% of the loan).

How much do I need to bring to closing?

We fund 100% of the rehab, but the loan is capped at 85% of your total project cost, so plan on at least 15% of the project cost plus points and closing costs, including Florida's note stamps and intangible tax. If 70% of the after-repair value is lower than the cost limit, you will need more. Our fix and flip calculator shows your cash to close.

Do I need experience or a minimum credit score?

No. Our Balance Sheet program is open to first-time flippers and has no minimum credit score. Investors with 3 or more flips in the last 24 months and a 650+ credit score qualify for Premier pricing. We do not pull credit to issue a term sheet.

Can an out-of-state LLC get a Florida fix and flip loan?

Yes. We lend to LLCs and corporations, not individuals. If your entity was formed in another state, it will generally need to register with the Florida Division of Corporations (Sunbiz) as a foreign entity. We confirm this before closing.

Can I act as my own contractor on a Florida flip?

Usually not. Florida's owner-builder exemption covers owners improving a home for their own use, not one they plan to sell or rent. Licensed contractors and permits protect your sale, and our draw inspections check the work against your approved scope.

Do you finance flips in flood zones?

Yes. Flood zones are common across Florida and are not a deal breaker. Expect flood insurance to be required when the property is in a FEMA Special Flood Hazard Area, and check the 50% substantial improvement rule before you finalize a large renovation.

Do you lend on Florida condos and townhomes?

Yes, on warrantable condominiums and townhomes. For condos, review the association's finances closely: Florida's condo safety laws passed after the 2021 Surfside collapse require structural inspections and funded reserves for many older buildings, which has led to large special assessments.

How fast can you close in Florida?

We close in as fast as 72 hours from a signed term sheet. Most residential bridge deals close within 72 hours to 14 business days, depending on title work and the valuation.