Purchase + Rehab. One Loan.
A fix and flip loan in Sarasota 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 Sarasota specifics: Mid-century block-home flips inland and post-storm rehab near the coast. 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 Sarasota Purchase & Rehab Options →The stock is mid-century block homes across Sarasota and Bradenton, newer master-planned stock in Lakewood Ranch and North Port, and barrier-island condos. Mid-century block-home flips inland and post-storm rehab near the coast. Insurability at resale is the exit risk.
Florida is judicial and slow to foreclose. Windstorm and flood insurance after Ian is the decisive line — barrier-island and coastal properties can see premiums that consume the DSCR cushion entirely. Roof age drives insurability; many carriers will not write a roof older than fifteen years.
Insurability at resale is the exit risk in Sarasota. 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 Sarasota–Bradenton metro — Sarasota plus Bradenton, Venice, North Port, Lakewood Ranch and Palmetto — and the rest of Florida via the Florida fix and flip page. The active rehab corridors in Sarasota include Gillespie Park, Arlington Park, Bayou Oaks, Gulf Gate, Siesta Key.
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.