Waterfront SFR Fix and Flip in the Florida Panhandle

Navigator Private Capital, a nationwide private real estate lender, funded a $1,530,000 fix and flip loan for a single-family residence in Panama City, Florida. Our clients found this neglected fixer-upper and were able to envision all that it could become. Looking past its current condition, they recognized the enormous potential in its size and layout. With a purchase price of $1,200,000 and a repair budget of $450,000, this six-bedroom, seven-bathroom home was renovated from top to bottom. Navigator Private Capital funded 100% of the renovation budget and financed 90% of the purchase price in first lien position, while the Borrower contributed 10% cash. The loan-to-after-repair value was 68% and the after-repair value (ARV) was estimated to be $2,225,000. The Borrower had an excellent credit rating and plans to sell the property after rehab, within the 12-month loan term.

This gorgeous waterfront location in a protected cove with easy access to the Intracoastal Waterway and the Gulf of Mexico boasted over 5,500 square feet of fully modernized space. This beauty had plenty of room for a family (or two) to spread out, with outstanding water views from nearly every room. It’s an entertainer’s dream, but the transformation doesn’t stop on the inside- get ready for backyard entertainment as well with a private pool, a dedicated boat dock, and an outdoor kitchen. This SFR fix and flip loan was funded in March 2022.