Florida · Hospitality
Florida hotel financing.
We do not fund hotels in-house. Florida hospitality deals are placed through our capital-partner network and reviewed case by case. What we fund directly in Florida is residential investment property, one to nine units, $1M to $5M.
By David Hodara · ·
No
Funded in-house
Partner network
Route
1-9 units
In-house box
$1M-$5M
In-house range
Florida hospitality market context
Our in-house lending is residential: bridge, fix and flip, ground-up construction, renovation and DSCR on houses, 2-4 units, condos, townhomes, small buildings up to nine units, build-to-rent and rental portfolios. Hotels sit outside that box, so we place them through our capital-partner network, where the terms are the partner's, not ours.
If you are buying or building residential property in Florida, the pages below describe what we fund directly.
What we fund directly in Florida
Each deal gets routed to the product structure that fits. Most hospitality deals in Florida use one of the following.
Florida single family & 1-4 unit
Bridge, fix and flip, renovation and DSCR on houses and 2-4 unit property held for investment, $1M to $5M.
Florida ground-up construction
Spec houses and small residential buildings, up to 85% of cost, with a sale or DSCR refinance as the exit.
Florida small multifamily (5-9 units)
Fully residential buildings of five to nine units: bridge, renovation, ground-up, DSCR exit.
Florida hospitality FAQ
Does Passy Capital fund hotels in Florida?
Not in-house. Hotel deals are placed through our capital-partner network and reviewed case by case, and we tell you quickly whether a deal is one we can place.
Is a short-term rental house a hotel deal?
No. A house or small residential building rented short-term is residential investment property and sits in our in-house box, subject to the rent being underwritable.
Can a foreign national finance hospitality in Florida?
Not in-house. Hospitality deals in Florida are placed through our capital-partner network, on the partner's terms. What we fund directly for non-US investors is residential investment property, one to nine units, $1M to $5M, lent to a US LLC on the same terms a US investor receives, with no US credit history required.
Got a Florida hospitality deal? Send it over.
Term sheet inside 48 hours, or a fast no so you can move on. Business-purpose investment property financing only.