Hard Money Lenders in Tampa, FL | Fix & Flip | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inTampa, Florida

Fix and flip, DSCR rental and new construction financing for Tampa investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price a Tampa deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Tampa deal right now

Prefilled with a realistic Tampa deal. Change any number and it reprices on the programs that lend in Florida, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Tampa

Tampa changed after Helene and Milton hit back to back in the fall of 2024. South Tampa and the low streets near the bay took water, a lot of those houses are still being sorted out, and buyers now ask about flood history before they ask about the kitchen. The steadier flip pockets sit inland and a little higher: Seminole Heights, Sulphur Springs, East Tampa and the older parts of West Tampa, where 1920s bungalows and 1950s block homes sit on small lots close to downtown.

What decides a Tampa flip now is elevation and insurance, more than finish. Two houses a mile apart can carry very different premiums, and that premium lands in your buyer’s monthly payment, which caps what they can pay you. We want the flood zone, the elevation certificate if one exists, and the storm claim history up front. A house that stayed dry in 2024 and has a newer roof is worth real money to a Tampa buyer, and the comps show it.

What a Tampa deal looks like on paper

Tampa example: $250,000 purchase, $65,000 rehab, $440,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s block house in Seminole Heights or Sulphur Springs with dated baths, an old panel and a tired roof. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$277,500
Cash to close$52,343
Proof of funds to show$83,060
Where the $52,343 goes
  • Down payment (15% of the purchase)You$37,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,775
  • Title and closing (estimate at Texas rates)Title$3,707
  • Prepaid interest (15 days)Lender$829
  • Property insuranceInsurer$2,993
  • AppraisalAppraiser$550

Interest while you rehab: $1,681 a month on the $212,500 funded at closing, $2,195 once every draw is out. Proof of funds is cash to close plus $17,550 of rehab reserve and $13,167 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Tampa

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15% of purchase700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
Fastest Close (3 days)10% of purchaseNo minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  1. Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Tampa prices sit right now

Before we price a Tampa flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Tampa median sale price at $479K for the three months ending August 2026, up 10.0% on a year earlier, with homes selling in around 46 days. Zillow’s home value index for Tampa is $377,566, down 0.3% over the year. In 33604, covering Sulphur Springs and part of Seminole Heights, Redfin’s median is $372K.

Median sale price, Tampa (Redfin, 3 months to Aug 2026)$479K
Days on market, Tampa (Redfin)46
Zillow home value index, Tampa (Aug 2026)$377,566
Median sale price, 33604 (Redfin)$372K

Sources: Redfin, Tampa housing market, Zillow, Tampa home values, Redfin, 33604 housing market, Hillsborough County, rebuilding and the 50% rule

How a Tampa file actually gets priced

The Tampa comp pool is messy right now. Storm-damaged houses sold as-is, lots sold for teardowns, and fully rebuilt homes all sit in the same sales data, and an appraiser who blends them lands in the wrong place. We strip out the distressed and teardown sales and set the after repair value on finished, non-storm sales from the same neighborhood. Inside Seminole Heights, north of Hillsborough Avenue trades differently from the historic core near the river, so we keep comps on the right side of that line.

After the 2024 storms, Hillsborough County and the City of Tampa have been strict about the FEMA 50% rule. If a house in a flood zone needs repairs or improvements costing half or more of its market value, the whole structure has to meet current flood code, which usually means elevating it or tearing it down. Get the numbers on that before you buy anything storm-hit. Inside the Seminole Heights historic district, exterior changes go through architectural review first. And on 1950s and 1960s block houses, check the wiring and cast iron drains, both common failures.

Who buys your finished Tampa deal

Tampa buyers are paying close attention to insurance, so a newer roof, impact windows and a wind mitigation report showing the discounts help your price as much as a new kitchen does. In Seminole Heights and West Tampa the exit is a young professional or a move-up buyer who wants to be near downtown. In Sulphur Springs and East Tampa it’s more often a first-time buyer on FHA, or an investor buying a rental. If the rent covers it, a DSCR refinance is a real backstop.

What happens after you apply

Apply once and the whole Tampa loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Tampa

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in Florida →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in Florida →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in Tampa →

Where we lend in Tampa

We broker deals across the whole Tampa market. The submarkets investors ask us about most are Seminole Heights (33603 / 33604), Sulphur Springs (33604), East Tampa (33605 / 33610), West Tampa (33607), Town ’n’ Country (33615) and Palmetto Beach and the Ybor edge (33605).

How long does a Tampa loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in Florida, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund, as little as 72 hours on the fastest programs. We stay on title and the lender through funding.

Tampa hard money FAQ

Do you lend hard money in Tampa?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Tampa scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Florida, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Tampa?
As of October 2026: Best Rate (15% down, from 8.99%); First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips); Fastest Close (3 days) (10% down, from 11.99%). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can a Tampa hard money loan close?
As little as 72 hours. Most Tampa fix and flip files fund in 5-14 days once the file is complete, and the 72-hour programs close that fast when title and insurance are ready. The First Flip, 10% Down program and the 7.5% Down, 3+ Flips program close in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on a Tampa flip?
The worked example on this page is a $250,000 Tampa purchase with a $65,000 rehab and a $440,000 after repair value at 700 credit, first flip: $37,500 down (15% of the purchase) and $52,343 total cash to close, with $83,060 of proof of funds to show the lender. The lowest down payment for a first flip in Tampa is 10% down from 9.99% at 660+ credit. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Tampa?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for a Tampa fix and flip loan?
One Tampa program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 760 credit and origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance a Tampa flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Tampa flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Can I flip a storm-damaged house in Tampa?
Sometimes, but the 50% rule decides it, not the discount. If the house is in a flood zone and your repair budget reaches half the structure’s value, the city will require it to meet current flood code, which can mean elevating it. Get a contractor estimate and a value basis before you go under contract, and check whether a permit is already open on the address. The deals that work are usually ones where the damage is well under that line.
Does the Seminole Heights historic district slow a rehab down?
On the outside, yes. Inside the local historic district, changes to windows, siding, porches and additions need architectural review before the permit is issued, and that can take weeks. Interior work isn’t affected. Check whether your address sits inside the district boundary before you plan an exterior scope, and add the review time to your schedule.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.

What to read before you sign a term sheet

We also have new construction loans in Tampa. Hard money near Tampa: Orlando, Miami and Jacksonville. More Florida city guides: Cape Coral, Fort Lauderdale and St. Petersburg. Or see everything we fund in Florida.

Ready to fund your Tampa deal?

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