No Appraisal
Fix and Flip Loans in Florida
Fix and Flip Loan Terms
Real estate investors qualify for fix and flip loans based on purchase price, rehab costs and ARV. Not personal income.
| Purchase financing | Up to 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 75% ARV |
| Loan amount | Min $100,000 |
| Interest rate | Start at 8.5% |
| Credit score | Minimum 680 |
| Terms | 6, 12, 18 and 24 months |
See How Much You Qualify For
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- Close as fast as 2 days
- Secure up to 90% financing
- Get proof of funds today
Minimum Documentation
Since these are asset based loans, minimal paperwork is required. We will not ask for tax returns or W-2’s.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Drivers License or State ID
How to Get a Fix and Flip Loan with No Appraisal?
- Find out how much you can borrow and what your interest rate will be.
- Complete loan application.
- Underwriter runs your credit.
- Sign term sheet to move forward.
- Provide construction and rehab details
- Underwriter reviews scope of work.
- Underwriter calculates the after-repair value (ARV).
- Underwriter calculates the margin of safety between ARV and loan amount.
- Loan is approved if the numbers makes sense.
- Title agency and funding department work together to close the loan.
Speak with a Fix & Flip Loan Advisor
Is an appraisal required for a Florida fix and flip loan?
No, an appraisal is not required in the state of Florida and will not be ordered.
How is ARV calculated without ordering an appraisal?
ARV (after-repair value) will be calculated using local comps, proposed rehab work, type of finishes, photos and/or videos.
Is flipping experience required?
No previous experience is required for a no appraisal fix and flip loan.
When is previous experience required for flipping a house?
Previous experience may be required when converting a single family home to a duplex or changing number of bedrooms.
Does Capital Ton LLC work with first-time investors?
Yes, first-time real estate investors can qualify for up to 90% financing for fix and flips in Florida with no experience.
Do no appraisal fix and flip loans have prepayment penalties?
There are no prepayment penalties on any fix and flip loans in Florida except for 6 month no credit check loan program.
Is a business entity required?
Yes, since these are investment property loans for flipping houses in Florida, a business entity is required.
What’s the closing time for a no appraisal fix and flip loan?
Since no appraisal is required, you can close as fast as 2 days provided you submit all the required documentation.
Call (813) 303-0808 to learn more about your lending options with Capital Ton LLC.
Capital Ton Reviews
Just closed on a fix and flip loan in Tampa. Very kind people. No problems.
Alberto R.
Google Review
My husband and I bought a fix and flip in Miami! Eugene send us a proof of funds and we got approved the same day.
Adriana S.
Google Review
We got a proof of funds very quickly to bid on our project and won the contract the next day.
Mary W.
Google Review