Purchase + Rehab. One Loan.
A fix and flip loan in Palm Bay funds purchase and renovation in one short-term, asset-based loan — hard money, underwritten on the deal and the after-repair value rather than your income. The Palm Bay specifics: Cosmetic flips on 1980s–90s Palm Bay stock and mid-century rehab in Eau Gallie and Cocoa Village. Leverage, rehab caps and experience rules vary more between lenders than any other criterion, which is why LendingStreet places the file across thirty capital sources instead of one.
Check My Palm Bay Purchase & Rehab Options →The stock is 1980s–2000s single-family across Palm Bay, older mid-century stock in Melbourne and Cocoa, and beachside condos. Cosmetic flips on 1980s–90s Palm Bay stock and mid-century rehab in Eau Gallie and Cocoa Village. Roof and window age drive insurability at resale.
Florida is judicial. The aerospace employment base produces a stable engineering-tenant demand distinct from the retiree markets to the south. Windstorm insurance is decisive on the beachside and material inland. Palm Bay has a large inventory of platted lots and infill.
Insurability at resale is the exit risk in Palm Bay. A buyer's lender will require coverage; if the roof, windows or elevation make the property hard to insure, the ARV you underwrote may not be the price you clear. Price the insurance-driven improvements into the scope.
Standard ranges across our capital sources: $150,000 to $5M+, up to 95% of total project cost, up to 100% of the rehab budget in draws, 6 to 18 months interest-only, 5 to 10 business days to close with 5-day expedited for experienced investors. Full detail and the current rate floor are on the fix and flip loan page. First-time flippers generally see lower leverage.
The Palm Bay–Melbourne–Titusville metro — Palm Bay plus Melbourne, Titusville, Cocoa, Rockledge and Merritt Island — and the rest of Florida via the Florida fix and flip page. The active rehab corridors in Palm Bay include Palm Bay Northeast, Eau Gallie (Melbourne), Downtown Melbourne, Indialantic, Cocoa Village.
Size the loan and the cash to close in the ARV calculator, add the carry in the carrying costs calculator, and build the budget in the rehab cost estimator.
Also see: Jacksonville, FL →Miami, FL →
The gap between the loan and total project cost, plus points, third-party costs and the rehab you carry between draws. The ARV calculator returns it for your numbers.
Yes, through sources that write them — lower leverage, licensed GC attached.
Only if the scope addresses what carriers price — roof age, openings, elevation. Confirm before you close on the purchase; it is the exit.
5 to 10 business days on a complete file; 5-day expedited for experienced investors. A BPO in lieu of appraisal is available on bridge structures.
Yes — fix-to-rent. Separate underwrite on rent and appraised value. Run it before you buy.
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By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.