Hialeah and West Miami-Dade infill flip financing is the highest-volume contractor segment in our portfolio. Distressed SFRs, estate sales, and absentee-owner properties on 6,000-8,500 square foot lots throughout Hialeah's residential grid trade at prices that support profitable renovation and resale to the county's dense Cuban-American and Venezuelan first-time homebuyer market. We fund these acquisitions plus renovation scopes in a single close. Typical scopes: $60,000-$120,000 in renovation on properties acquired for $280,000-$380,000 with ARVs at $420,000-$550,000. We commit in 24-48 hours, close in 7-10 days.
Doral and Kendall SFR flip financing serves the Colombian, Venezuelan, and professional buyer market. Properties in Doral and West Kendall acquired for $380,000-$520,000 with renovation scopes of $80,000-$150,000 achieve ARVs of $550,000-$750,000 when renovated to the finish standards this buyer base expects. We fund these deals for contractors who understand Doral's buyer profile — impact windows, European kitchen finishes, contemporary bathrooms, and professional landscaping are non-negotiable for buyers in this price range.
Coral Gables Mediterranean Revival restoration financing is the premium contractor segment in our portfolio. Estates acquired for $1.2-$2.5 million with renovation scopes of $300,000-$700,000 achieve ARVs of $2.0-$4.5 million when restored to City Beautiful standards. These projects require CRB permit approval for exterior modifications, specialized historic preservation contractor networks, and loan terms of 12-18 months that reflect the Coral Gables permitting environment. We structure these loans specifically for this environment — not with 9-month terms that put contractors in an extension situation before the permit is even issued.
Allapattah and Little River flip financing serves the emerging creative-economy buyer market. Properties in these transitional neighborhoods are being acquired at lower prices, renovated to the modern aesthetic that Wynwood has established as the neighborhood standard, and sold to artists, restaurateurs, and creative-industry professionals who want a workshop/residence configuration. We fund these deals for contractors who understand the emerging buyer profile in these corridors.