Miami flips are high-dollar projects. Purchase prices are higher than in most of the country, hurricane code drives rehab costs, and insurance can change your numbers in a hurry. The right lender gives you leverage on both the house and the work.
In short: Our top pick for fix and flip financing in Miami is LendingStreet. We fund 1-8 unit investor flips from $150,000 to $5M+, so larger Miami-Dade projects fit, cover up to 90% of total cost and up to 100% of the rehab on some programs, and can close in as little as 10 days. If you decide to hold the finished home, we can refinance it into a long-term DSCR rental loan.
LendingStreet is built for investors who buy, renovate and resell. For Miami flippers, that means one lender for the purchase and the rehab, with loans from $150,000 to $5M+ on 1-8 unit investment properties and leverage up to 90% of total cost. On some programs we fund up to 100% of the rehab budget, so more of your cash stays free for the next deal.
Speed is the other reason investors choose us. We can close in as little as 10 days, which lets you write offers that compete with cash in Miami-Dade, Broward and Palm Beach counties. Our loans are short-term and interest-only, and when the work is done you can sell or refinance into a long-term DSCR rental loan with the same team.
Ready to run numbers on a Miami property? Get a quote with the form below, or call (877) 298-1001.
Well-known fix and flip lenders include Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Miami, FL, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Investors work across Miami-Dade County, not just the city of Miami. Common flip areas include Westchester, Kendall, Little Havana, Allapattah, Little River, Miami Gardens, North Miami, Hialeah and the areas around Homestead, each at a very different price level.
Typical flip stock is concrete block and stucco homes built from the 1940s through the 1970s, along with small duplexes and fourplexes in older neighborhoods. Condo flips are possible, but association rules, building inspections and reserve requirements can affect both your purchase and your buyer's financing.
Larger renovations in established neighborhoods can run well above $1M, and our program range of $150,000 to $5M+ covers those projects.
Miami-Dade sits in Florida's High Velocity Hurricane Zone, which sets strict standards for roofs, windows and doors. Budget for these items early, because they often drive the rehab total.
Permits run through the city where the property sits or through Miami-Dade County for unincorporated areas. Search the property for open or expired permits before you buy, since closing them out after the fact can delay your sale.
In Florida, a renovation in a flood zone that is large relative to the home's value can trigger requirements to bring the building into flood compliance, and condo buildings must meet milestone inspection and reserve rules. Talk with the permit office and the association before you set your scope.
Miami flippers usually choose among a local bank or credit union, a local hard money lender, a private individual lender or an investor-focused lender like LendingStreet. Each type has a place, but terms vary widely. Here is how they generally compare on the things that matter for a flip.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% of total cost; up to 100% of rehab on some programs | Often lower; rehab funding varies | Varies by lender | Varies by person |
| Closing speed | As little as 10 days | Often several weeks | Often fast | Depends on the individual |
| Loan size | $150,000 to $5M+ | Varies; may limit investor exposure | Varies; large loans can be harder | Limited by the person's capital |
| Property types | 1-8 unit investment properties | Varies | Varies | Varies |
| Income documentation | Business-purpose investor loan | Often requires tax returns | Usually asset-focused | Informal; negotiated |
| Long-term rental option | DSCR refinance with the same team | Varies | Usually short-term only | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local footprint | Often one region | Usually local |
This example is illustrative and not a quote. An investor buys a 1950s concrete block home in the Westchester area that needs impact windows, a new roof, a kitchen, two baths and electrical updates for $480,000, with a rehab budget of $110,000, for a total project cost of $590,000. The after-repair value, based on recent nearby sales, is $720,000.
The loan covers 85% of the purchase price plus 100% of the rehab, for a loan of $518,000, or about 88% of total cost. The estimated monthly interest-only payment is about $4,317. Over a 7-month hold with about $1,550 a month in taxes, insurance and utilities, and selling costs of about 7% of the sale price, the estimated profit before income taxes is about $28,933.
If the investor keeps the home instead, a DSCR refinance of the same $518,000 balance at $5,300 a month in rent, with estimated principal and interest of about $3,622 plus about $1,350 in taxes and insurance, works out to a DSCR of about 1.07x.
| Item | Amount |
|---|---|
| Purchase price | $480,000 |
| Rehab budget | $110,000 |
| Total project cost | $590,000 |
| Loan amount | $518,000 (about 88% of cost) |
| Estimated purchase closing costs | $9,600 |
| Cash to close (down payment and closing costs) | $81,600 |
| Estimated monthly interest-only payment | $4,317 |
| Holding costs over 7 months | $10,850 |
| Total interest over 7 months | $30,217 |
| After-repair value | $720,000 |
| Estimated selling costs | $50,400 |
| Estimated profit before income taxes | $28,933 |
Florida charges documentary stamp tax on deeds and on notes, plus intangible tax on new mortgages. In Miami-Dade, the deed rate differs from the rest of the state, and a surtax applies to properties other than single-family homes, so get a full estimate from your title company. Insurance can be one of your largest holding costs, so price a builder's risk or vacant property policy before you close.
Renovated homes with new impact windows and a new roof tend to sell better, because they lower the buyer's insurance cost. Confirm current days on market and price trends for your neighborhood with a local agent before you set your timeline.
Ask every lender the same questions so you can compare offers fairly. Then see how LendingStreet answers each one.
| Question | LendingStreet's answer |
|---|---|
| Max leverage | Up to 90% of total cost; up to 100% of rehab on some programs |
| Loan size | $150,000 to $5M+; larger balances reviewed case by case |
| Closing speed | As little as 10 days |
| Entity borrowing | LLC borrowers welcome |
| Units | 1-8 units; 9+ units is commercial |
| Refinance exit | DSCR loan with a 1.0x standard minimum, 620 credit and seasoning that varies by program |
Every flip loan needs an exit. Most Miami investors plan to sell, but a backup plan protects you if the market slows or the finished home rents better than expected.
With LendingStreet, that backup is built in. A DSCR rental loan qualifies on the property's rent, with no W-2s or tax returns, a 1.0x standard minimum DSCR, 620 minimum credit and 30-year terms. Rate-and-term refinances go up to 80% LTV on some programs and cash-out up to 75%. Seasoning varies by program, so ask early. Call (877) 298-1001 to talk through both exits before you buy.
Our top pick is LendingStreet. We fund 1-8 unit investor flips in Miami from $150,000 to $5M+, with up to 90% of total cost, up to 100% of rehab on some programs and closings in as little as 10 days, plus a DSCR refinance option if you keep the property.
Yes. We lend throughout the Miami area, including Miami-Dade, Broward and Palm Beach counties, and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
Up to 90% of total cost, and up to 100% of the rehab on some programs. Loans run from $150,000 to $5M+, and the final amount depends on the property, the budget and the after-repair value.
We can close in as little as 10 days. Sending the contract, rehab budget and entity documents early helps keep the timeline short.
Yes. Our fix and flip program runs from $150,000 to $5M+, and larger balances are reviewed case by case.
It depends on the building. Association rules, milestone inspections and reserve requirements affect both your loan and your buyer's financing. Send the building details and we will review it.
You can refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with a 1.0x standard minimum DSCR. Seasoning varies by program, so ask about it before you buy.
No. Our fix and flip loans are business-purpose loans on non-owner-occupied investment property, made to investors who renovate to sell or rent.
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