Fix and Flip Loan in St. Augustine, FL

Loan Amounts

Fix and flip loans typically offer funding between $50,000 and $3,000,000. The amount depends on your project’s size, scope, and property value—allowing investors in St. Augustine, FL, to confidently tackle both small and large renovations.

Loan-to-Purchase (LTP)

Loan-to-Purchase refers to how much of the purchase price a lender is willing to finance. Many fix and flip lenders will cover up to 85%, requiring the borrower to cover the remaining 15%.

Loan-to-Cost (LTC)

Loan-to-Cost ratios are a crucial part of fix and flip lending. Many lenders, including Insula Capital Group, finance up to 90% of both the purchase price and renovation expenses combined.

Loan-to-After Repair Value (ARV)

Lenders often assess the loan amount based on the property’s After Repair Value (ARV). Most will lend up to 70% of the ARV, giving you flexibility in budgeting for future gains.

Interest Rates

Fix and flip loans have competitive interest rates, usually starting below 1% per month. While higher than traditional mortgages, these rates reflect the short-term nature and higher investment risk involved.

Loan Terms

These loans are designed for short-term real estate projects in St. Augustine, FL, usually ranging from 6 to 18 months. This allows investors to buy, renovate, and resell within a manageable and predictable time frame.

Closing Speed

Speed is one of the top advantages of fix and flip loans. You can often close within 10 to 15 business days, which is ideal for time-sensitive deals and competitive property markets.

Origination Fees

Some lenders charge origination fees—typically 1% to 3% of the loan amount. These cover the cost of processing the loan and should be factored into your project’s financial planning.

Processing and Application Fees

Unlike many competitors, Insula Capital Group does not charge application, processing, or commitment fees. This helps reduce your out-of-pocket expenses and improves overall ROI on each project.

Prepayment Penalties

Many fix and flip lenders, like Insula Capital Group, do not impose prepayment penalties, so you can repay your loan early without incurring extra costs — ideal for flippers who can sell quickly and exit ahead of schedule.

Draw Schedules

Lenders often disburse renovation funds in stages or “draws,” based on project milestones. This ensures capital is being used effectively and that the work is progressing according to plan.

Credit Score Requirements

Some private lenders are more flexible about credit scores than traditional banks. Many, including Insula Capital Group, will work with borrowers with scores in the 600s if other qualifications are met.

Loan Renewal Options

In some cases, fix and flip loans may offer renewal options if the project is delayed. This flexibility can be beneficial for investors in St. Augustine, FL, dealing with unforeseen construction issues or market fluctuations, allowing them to extend their loan without penalty.