Financing built for Florida investors and builders.
Rental purchases, renovations, flips, and ground-up construction, financed on the property and the project rather than your tax returns, and typically closed in an LLC. We work with multiple lenders in every category below, so your terms come from the lender whose program fits your project and your track record.
What is a DSCR loan?
DSCR stands for debt service coverage ratio. Instead of qualifying you on your personal tax returns, a DSCR loan qualifies the property: the lender compares the rent the property generates, or will generate, to the payments on the loan. If the property carries itself, the loan works, no matter how many write-offs are on your personal return. Investors use DSCR loans to buy rentals, refinance them, and pull equity to buy the next one. Since rental income does the qualifying, your portfolio can keep growing after a bank would have cut you off. Read the full guide to DSCR and investor loans.
How do fix and flip and bridge loans work?
A fix and flip loan funds both the purchase and the renovation of an investment property. The lender advances a portion of the purchase price at closing and holds the renovation budget in reserve, releasing it in draws as work is completed and inspected. The loan is sized against both the purchase price and the after repair value, which is what the property should be worth when the work is done. Lenders also weigh your experience; a first flip is financed differently than a tenth.
A bridge loan describes the purpose rather than the product: it carries you from one event to another, such as buying before you sell or renovating before you refinance. With short term loans, the exit is everything, and structuring the exit is where we spend our time. Private money, hard money, and bridge loans, explained.
Can you finance ground-up construction?
Yes. Ground-up construction financing is available to investors and builders, from a single spec home to multiple projects at once. These loans typically close in an entity, fund the vertical construction budget, and release that budget in draws as each stage passes inspection. Lenders look hard at three things: your experience, the budget’s realism, and the value of the finished product. This is the most detail-heavy lending we do, and it is where our bank credit background shows, because a construction file assembled correctly the first time is what keeps draws moving and projects on schedule.
Why investors work with Castle Rock
Our leadership spent decades inside bank credit departments, so investor files leave here structured the way an underwriter expects to see them. One application puts your scenario in front of multiple lenders in each category, and because we also handle consumer and commercial lending, your next project does not need a new lender. Most investor programs allow you to close in an LLC.
Investor documents
How do you start?
Complete the application, or the investor loan form below, and tell us about the project. We will tell you plainly which programs fit and what the file needs.