FL · Sarasota
Bridge, Flip & Construction
Loans in Sarasota, FL
Bridge, fix & flip, construction, renovation and DSCR loans for residential investment property in Sarasota, $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 Sarasota and Manatee counties. 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.
Typical deals here are renovations of mid-century houses in the city's established neighborhoods, new spec homes on infill and waterfront lots, rebuilds of storm-damaged houses on the barrier islands and along the bays, and single-family and townhome rentals in the growing areas east of I-75. Our office is in St. Petersburg, about an hour north.
Sarasota draws a different international buyer mix from South Florida. In the Florida Realtors 2025 survey (August 2024 to July 2025), Canadians were 38% of the international buyers in the North Port-Sarasota-Bradenton metro and Europeans 25%, with Latin Americans at 19%. A non-US investor borrows from us on the same terms as a US investor, through a US LLC, with no US credit history or Social Security number required.
Hurricane Milton made landfall in Sarasota County in October 2024, two weeks after Helene's storm surge reached the coast. For any property in a FEMA flood zone, repairs or improvements costing 50% or more of the structure's market value require the building to meet current floodplain rules. We check flood zone status and the local threshold before we size a rehab, and we finance elevated rebuilds as construction loans.
Sarasota Market Highlights
Canadian and European buyers
Canadians and Europeans together made up most of the metro's international buyers in the 2025 Florida Realtors survey. They borrow on the same terms as US investors.
Spec homes up to 85% LTC
Ground-up construction loans for new houses on infill and waterfront lots, with draws released as the build advances.
Rebuilds after Milton
Where storm damage or the planned scope reaches the FEMA 50% threshold, the project becomes a rebuild to current flood rules. We finance it as construction.
Fix & flip up to 90% LTC
Purchase and renovation in one loan for houses with a scope that works under local flood rules.
Condo due diligence
Florida requires milestone inspections and structural integrity reserve studies for condo buildings of three stories or more. We review them before lending on a unit.
Bridge, then DSCR
Bridge loans up to 80% LTV to buy quickly, then a DSCR loan up to 80% LTV once the property is leased.
Key Submarkets
Downtown Sarasota
Laurel Park
Gillespie Park
Southside Village
Gulf Gate
Siesta Key
Lakewood Ranch
Palmer Ranch
Venice
North Port
Bradenton
Palmetto
Property Types We Finance
Single-Family
Spec Homes
Elevated Rebuilds
Condos & Townhomes
2-4 Units
Small Multifamily (5-9 Units)
Build-to-Rent
SFR Portfolios
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 Sarasota from outside the US
If you are buying in Sarasota 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
Can a Canadian or European investor finance a Sarasota property?
Yes. The loan is made to a US LLC and underwritten on the property and the business plan, not on a US credit file. Foreign nationals borrow on the same terms as US investors, from $1M to $5M, for bridge, fix & flip, construction, renovation or DSCR loans.
Do you finance new construction on the Sarasota barrier islands?
We review coastal construction case by case. The plans must meet current flood elevation and building code requirements, and the finished property must be insurable for wind and flood. Construction loans go up to 85% of total cost.
How fast can you close in Sarasota?
We send a term sheet within 24 to 48 hours, and a clean file closes in about two weeks. Our fee is 1% to 2% of the loan, paid at closing, with no upfront fees.
Learn More
Construction Loans
Ground-up financing up to 85% of cost, including rebuilds and spec homes.
Fix & Flip Loans
Purchase and rehab in one loan, up to 90% of cost, closing in about two weeks.
What documents does a foreign national need?
The identification, funds and LLC documents a non-US investor provides.
Other Cities in Florida
We also finance investors across other Florida markets.
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