Nate Hoffmanbroker
Apr 29, 2026 at 1:00 PM
Fix & Flip: $750k acquisition, $150k rehab, 75% LTC, 12-month term (Orlando)
Hey everyone, I'm working on placing a solid fix & flip deal and looking for some lender suggestions, especially those active in the Orlando, FL market. I've got a repeat client, experienced flipper with 5 successful projects under his belt in the last 3 years, all exited profitably. He's looking to acquire a single-family home for $750,000 with a rehab budget of $150,000. Total project cost is $900,000. He's seeking 75% LTC, so we're looking for a loan amount around $675,000. ARV is conservatively projected at $1.2M based on recent comps in the area.
He's got 25% cash into the deal, and his credit is solid (720 FICO). We're targeting a 12-month term. The property is a 4-bed, 3-bath, 2,200 sq ft home built in 1985, needs a full gut rehab including kitchen, baths, flooring, roof, and HVAC. Contractor bids are locked in. My usual lenders are a bit tight on the 75% LTC right now for this specific market, or their points are making the deal less attractive for the client. I'm trying to get him into the 9-10% interest range with 2-3 points.
Any lenders here with competitive programs for experienced flippers at this LTC? Or any creative structures you've seen work recently for a similar deal? Appreciate any insights or direct contacts.