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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Equity Lending Solutions LLC
Reliable Capital for Fix & Flip and Ground Up Construction Loans / Direct Private Lender
Florida Fix & Flip Loan Stats
According to private lending data provider, Analytics Logics, the average interest rate for fix & flip loans in Florida is 10.84%. The average loan amount is $239,992. These stats are the average of all the loans which were funded between April 1, 2023 and September 15, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Fix & flip loans include the purchase of the property and the renovation budget, with the loan-to-after-repair value typically being no more than 70%.
Completed Fix & Flip Loan Transactions in Jacksonville
American Heritage Lending, a national private lending firm, funded a $166,600 1st lien position private loan for a single-family residence fix & flip project in the Julington neighborhood of Jacksonville, FL. The purchase price was $147,500 and the estimated renovation budget was $56,300. The Borrower contributed a cash down payment of $33,900 which amounts to approximately 16% of the total project costs. The estimated after-repair value is $238,000 which puts our loan at 70% LTARV. The Borrower had less than stellar credit, but the loan was still approved based on their experience with flipping houses. The loan was closed in just 7 days! The SFR was completely renovated in 6 months and the fix and flip loan was paid off in January 2020.