FL · Jacksonville
Bridge, Flip & Construction
Loans in Jacksonville, FL
Bridge, fix & flip, construction, renovation and DSCR loans for residential investment property in Jacksonville, $1M to $5M, term sheet in 24 to 48 hours. For US investors and foreign nationals on the same terms.
Passy Capital finances investors who buy, renovate and build residential investment property in Jacksonville and the surrounding counties of Northeast Florida. We write bridge loans, fix & flip loans and ground-up construction loans from $1M to $5M, plus renovation financing and DSCR loans for the hold. Term sheets go out in 24 to 48 hours, and a clean file closes in about two weeks.
Jacksonville is an active market for flippers and rental builders. The city and Duval County consolidated their governments in 1968, which made Jacksonville the largest city by land area in the contiguous United States, so a single permitting jurisdiction covers a very large and varied housing stock. Operators here renovate older single-family houses in the urban core, build spec homes and build-to-rent communities on the edges of the county and in St. Johns and Clay counties, and refinance the finished rentals into DSCR loans.
Investors from outside the US who want single-family rental exposure in Florida at lower entry prices than South Florida also look at Jacksonville. They borrow on the same terms as US investors: the loan is made to a US LLC and underwritten on the property and the plan, with no US credit history or Social Security number required.
Florida is a judicial foreclosure state, and deeds carry documentary stamp tax of $0.70 per $100 of the price in Duval County. Loans carry $0.35 per $100 in documentary stamp tax and a 0.2% nonrecurring intangible tax. We include these in the closing budget on every term sheet.
Jacksonville Market Highlights
Fix & flip up to 90% LTC
One loan for the purchase and the renovation, with rehab funds released in draws. Suited to operators running several houses at once.
Build-to-rent communities
Construction loans up to 85% of cost for spec homes and rental communities, followed by a DSCR loan once the homes are leased.
One consolidated jurisdiction
Jacksonville and Duval County have operated as a single consolidated government since 1968, covering the largest city land area in the contiguous US.
SFR portfolios
Bridge loans up to 80% LTV to buy a group of rentals, then DSCR financing up to 80% LTV once they are stabilized.
Coastal flood checks
Neighborhoods along the St. Johns River and the beaches can sit in FEMA flood zones, where the 50% substantial-improvement rule shapes a renovation.
Same terms from abroad
Non-US investors borrow through a US LLC, with no US credit history, at the same leverage and pricing as US investors.
Key Submarkets
Riverside
Avondale
Murray Hill
San Marco
Springfield
Arlington
Westside
Northside
Mandarin
Southside
St. Johns County
Clay County
Property Types We Finance
Single-Family
Build-to-Rent
Spec Homes
2-4 Units
Townhomes
Small Multifamily (5-9 Units)
SFR Portfolios
Condos
Loan Programs
Bridge Loans
Buy, refinance or cash out an investment property, closing in about two weeks.
Construction
Ground-up spec homes and build-to-rent, with draws tied to milestones.
Renovation / Rehab
Rehab financing on 1-4 unit and small multifamily, drawn against completed work.
Fix & Flip
Purchase and rehab in one loan for 1-4 unit flips, closing in about two weeks.
DSCR / Rental
Long-term rental financing based on property cash flow.
Investing in Jacksonville from outside the US
If you are buying in Jacksonville from outside the United States, financing is usually where the process stalls: no Social Security number, no US credit history, and no retail bank willing to underwrite a foreigner. We lend to your US LLC instead, underwrite the property rather than a US profile you have no way to build, and charge no foreign-national premium for it.
Frequently asked questions
Do you finance build-to-rent in Jacksonville?
Yes. We finance ground-up construction of single-family rentals and townhomes up to 85% of cost, from $1M to $5M, with draws released as the build advances. Once the homes are leased, a DSCR loan up to 80% LTV can take out the construction loan.
Can a foreign national buy and flip houses in Jacksonville with a loan?
Yes. The loan is made to a US LLC and underwritten on the property, the rehab budget and the resale value. A foreign national needs no US credit history and borrows on the same terms as a US investor, up to 90% of total cost on a fix & flip.
How much do I need to put down on a Jacksonville investment property?
It depends on the loan. A bridge or DSCR purchase goes up to 80% of value, so about 20% down; ground-up construction up to 85% of total cost, so about 15%; a fix & flip or renovation up to 90% of cost, so about 10%. The same leverage applies to US and foreign investors. Florida documentary stamp and intangible taxes and the reserves the deal needs come on top.
How fast can a Jacksonville loan close?
A term sheet goes out within 24 to 48 hours, and a clean file closes in about two weeks. A first-time non-US investor who still has to form the US LLC and open its bank account should allow roughly one to two more weeks.
What does Passy Capital charge?
Our fee is 1% to 2% of the loan amount, paid at closing. There are no upfront fees. Third-party costs such as the appraisal, title insurance and Florida documentary stamp and intangible taxes are separate.
Learn More
Construction Loans
Ground-up financing up to 85% of cost for spec homes and build-to-rent.
Fix and Flip Financing: How to Fund Your Next Renovation Project
How flip loans are sized, drawn and repaid.
Can I refinance a bridge loan into a DSCR loan?
Moving from short-term financing to a long-term rental loan.
How fast can a fix and flip loan close in Florida?
About two weeks on a clean file, and the Florida items that slow it.
More answers in investor questions, answered and the glossary of lending terms.
Other Cities in Florida
We also finance investors across other Florida markets.
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