← All articles
Spotlight Deal: $448,000 Acquisition and Light Rehab at 70% LTV, No Appraisal
04 September 2026 · SFR Capital
The collateral. Single-family, non-owner-occupied, Florida.
Every month we spotlight one loan we actually made, with the real terms, so the numbers on the terms page have a face. This one closed in September 2026 for a borrower who has done several loans with us.
The loan
| Loan amount | $448,000 |
| Rate | 12%, interest-only, paid monthly |
| Lender fee | 2% |
| Term | One year |
| Loan type | Acquisition and light rehab |
| Loan-to-value | 70% |
| Prepayment penalty | None |
| Borrower | Multiple repeat borrower |
What we did not ask for
- No credit report
- No bank statements
- No tax returns
- No appraisal
- No third-party inspection
That list is not leniency. It is what underwriting the property instead of the person looks like in practice. At 70% of value on a single-family house in a market we know, with a sponsor whose prior loans with us paid as agreed, the collateral and the track record carried the decision. Our own valuation and our own site visit replaced the appraisal and the inspection, which is where most of the calendar days in a bank closing go. The full list of what we do and do not need is on the site.
What it cost the borrower
Two points at closing, $8,960, and interest of $4,480 a month for as long as the loan is out. No penalty for paying it off early, so a sale or refinance in month five costs five months of interest and nothing else. Read how a fix-and-flip loan is priced line by line if you want to see how that compares over a full twelve-month hold.
If you have a property under contract and a plan for it, tell us about it, or call (305) 204-7355. Preliminary terms typically come back within a day or two.
Terms shown are those of a single closed loan and are illustrative of SFR Capital’s program, not an offer or a commitment to lend on any other property. Every loan is sized and priced on its own collateral, sponsor and documentation.
Talk to SFR Capital about your next
Florida investment property →
SFR Capital LLC (SFR) is a private lender, license exempt under Fla. Stat. § 494.00115. SFR only makes business purpose mortgage loans on non-owner occupied Florida investment property. Nothing here is an offer or commitment to lend. All loans are subject to SFR approval of the sponsor, property collateral, title and documentation.