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UNITEDLENDING

Investment property loans · Pinellas County, FL

Hard money, fix and flip and DSCR loans in St. Petersburg, FL

St. Petersburg investors buy early 20th-century houses in neighborhoods such as Old Northeast and Roser Park, waterfront homes on Tampa Bay, and condos in downtown's residential towers. After Hurricanes Helene and Milton in 2024, flood rules decide many deals in low-lying areas, because repair and renovation costs measured against the structure's value determine whether a house can be fixed as it stands or must be elevated or rebuilt.

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Where investors buy

Neighborhoods investors look at in St. Petersburg

Historic districts near downtown hold early 20th-century Mediterranean-style and eclectic homes, the Grand Central District has Craftsman-style buildings, and downtown mixes residential and commercial high-rises.
Old NortheastA large, mostly residential historic district next to downtown with Mediterranean-style homes and waterfront houses on Tampa Bay.
Snell IsleWaterfront Mediterranean-style homes on the island developed by C. Perry Snell.
Roser ParkA historic district started in 1911 on the hills above Booker Creek, with Mediterranean and eclectic houses.
Grand Central DistrictA corridor of Craftsman-style buildings that now hold cafes, galleries, restaurants and bars.
DowntownResidential high-rises, where a condo purchase depends on the building's milestone inspection and reserve study.

Loan programs

Loans for St. Petersburg real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in St. Petersburg

30-year loans for St. Petersburg rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in St. Petersburg

Buy and renovate in St. Petersburg with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in St. Petersburg

Close quickly on a St. Petersburg property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in St. Petersburg

Financing for new builds in St. Petersburg, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in St. Petersburg

Financing for St. Petersburg apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in St. Petersburg

Local rules and costs that change a deal's numbers or closing date in St. Petersburg and Pinellas County. Sources are listed at the bottom of the page.
  • In the Special Flood Hazard Area, check the city's 49% rule: St. Petersburg's floodplain ordinance treats repairs and improvements whose cumulative cost reaches 49% of the structure's market value (estimated from the Pinellas County Property Appraiser's value unless you supply an appraisal) as requiring full compliance, which can mean elevation.
  • If the policy will come from Citizens, plan for a required flood policy: Citizens home policies that include wind coverage already need one in high-risk flood zones or at a dwelling value of $400,000 or more, and all of them will from January 1, 2027. Condo unit-owner and renter policies are exempt.
  • Before buying a downtown condo in a building of three or more habitable stories, ask for the structural integrity reserve study and, once the building is 30 years old (25 where the local building official requires it), the milestone inspection, both required under Florida law.
  • Budget for Florida's documentary stamp tax on the deed, 70 cents per $100 of the price in Pinellas County.

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Have a St. Petersburg property in mind?

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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in St. Petersburg: common questions

Do you offer hard money loans in St. Petersburg?

Yes. United Lending LLC offers private real estate financing for investors in St. Petersburg and the rest of Pinellas County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in St. Petersburg?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Old Northeast, Snell Isle and Roser Park, among other parts of St. Petersburg.

How much can I borrow for a St. Petersburg flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in St. Petersburg?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in St. Petersburg or have a Florida LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Florida, your loan officer will tell you what's needed before closing.

Florida

More places we lend in Florida

Sources (5)Checked November 9, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of St. Petersburg: permit requirements and the 49% rule (Nov. 2024 letter)
  2. Citizens Property Insurance: flood insurance requirement
  3. Florida DBPR: condominium milestone inspections and SIRS
  4. Fla. Admin. Code R. 12B-4.012: documentary stamp tax rate
  5. Wikipedia: Roser Park Historic District