🏝️ Florida Lending Tightening Up — What Are You All Seeing?

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🏝️ Florida Lending Tightening Up — What Are You All Seeing?

Katie Smith
Member since 2023 · 348 posts · 190 votes

Over the past few weeks, I’ve had a noticeable uptick in conversations with investors who’ve had their lenders suddenly pull out of Florida — sometimes right in the middle of a deal. Some are seeing stricter guidelines, others are getting no quotes at all. It’s definitely creating some friction, especially for folks trying to move quickly in a competitive market.

That said, I’m still seeing deals getting done. There’s capital out there - but it’s taking a bit more strategy, stronger structuring, and knowing which lenders are still active and comfortable in Florida.

Are you running into similar issues with lenders backing out or changing terms last minute? Have you found any new strategies or workarounds that are keeping your deals alive?

Would love to hear how others are adjusting — and if you’re stuck on something or just want to talk through options, feel free to reach out. Always happy to connect with other folks working in the Florida space.

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Patrick Roberts
Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
1y

Kiavi just halted all fix and flip (RTL) lending in FL. Wouldnt surprise me if many of the lenders that stopped lending were correspondent/TPO for Kiavi.

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  • Patrick Roberts
    Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
    1y

    Kiavi just halted all fix and flip (RTL) lending in FL. Wouldnt surprise me if many of the lenders that stopped lending were correspondent/TPO for Kiavi.

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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 654 posts · 315 votes
    1y

    I think a lot of gotten burned out there from the last few Hurricane seasons and with some revamped FEMA replacement guidelines it really has impacted the coastline, i.e. all of FL.

    Combo that with insurance difficulties out there, I think there is a LOT of reconsideration from capital markets that are going to impact it. The Kiavi decision could really shake up things up, either as a precedence or to open the door to new lenders to take their place out. 

    For the groups that do stay, it wouldn't surprise me to see leverage-based changes to their lending policies specifically for FL properties and maybe capping Loan-to-ARV?

    *Insert Shrug Emoji*

    [email protected]417-427-2612
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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y

    Will be interesting to see who follows next 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1y
    Quote from @Katie Smith:

    Over the past few weeks, I’ve had a noticeable uptick in conversations with investors who’ve had their lenders suddenly pull out of Florida — sometimes right in the middle of a deal. Some are seeing stricter guidelines, others are getting no quotes at all. It’s definitely creating some friction, especially for folks trying to move quickly in a competitive market.

    That said, I’m still seeing deals getting done. There’s capital out there - but it’s taking a bit more strategy, stronger structuring, and knowing which lenders are still active and comfortable in Florida.

    Are you running into similar issues with lenders backing out or changing terms last minute? Have you found any new strategies or workarounds that are keeping your deals alive?

    Would love to hear how others are adjusting — and if you’re stuck on something or just want to talk through options, feel free to reach out. Always happy to connect with other folks working in the Florida space.


    We are underwriting about 10 deals right now in florida that are DSCR loans and they are llooking like having no issues getting them through - depends on many factors- we correspond vs broker so we have several companies still buying florida loans with no restrictions.

    7e investments53 Reviews
    WebsiteView Page
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  • Scott WolfPro Member
    Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 958 votes
    1y
    Quote from @Katie Smith:

    Over the past few weeks, I’ve had a noticeable uptick in conversations with investors who’ve had their lenders suddenly pull out of Florida — sometimes right in the middle of a deal. Some are seeing stricter guidelines, others are getting no quotes at all. It’s definitely creating some friction, especially for folks trying to move quickly in a competitive market.

    That said, I’m still seeing deals getting done. There’s capital out there - but it’s taking a bit more strategy, stronger structuring, and knowing which lenders are still active and comfortable in Florida.

    Are you running into similar issues with lenders backing out or changing terms last minute? Have you found any new strategies or workarounds that are keeping your deals alive?

    Would love to hear how others are adjusting — and if you’re stuck on something or just want to talk through options, feel free to reach out. Always happy to connect with other folks working in the Florida space.


     We're still going strong as a FL based Direct Lender.

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