Case study: BRRRR deal in Orlando, FL

ABOUT THE DEAL

A four-bedroom, two-bathroom single-family home in Rio Grande Terrace, Orlando, Florida, acquired at $170,000 in February 2026 in fair condition. The investor's plan was a two-phase BRRRR loan: a hard money loan to fund the purchase and complete renovation, followed by a DSCR cash-out refinance once the property was stabilized as a rental. Ridge Street Capital handled both loan events. When the property appraised at $293,000 after a comprehensive renovation, Ridge Street Capital issued the refinance 6 months after the original close.

WHAT MADE IT SPECIAL

• One lender handled both loan events. Ridge Street Capital issued the acquisition hard money loan in February 2026, with a $43,950 rehab holdback to cover the full renovation budget. When the rehab was complete and the property appraised at $293,000, Ridge Street Capital issued the DSCR cash-out refinance at 70% LTV. The investor did not need to source a second lender, re-underwrite the deal, or manage the gap between a hard money payoff and a new refinance relationship.
• Ridge Street Capital funded the full renovation through the rehab holdback. The $43,950 rehab included floors, kitchen, two full bathrooms, windows, doors, an exterior A/C condenser, and all appliances. The investor deployed no additional capital beyond the acquisition.
• $79,050 in new equity on a $43,950 renovation spend. The property appraised at $293,000 post-renovation, up from a $170,000 acquisition price. The $43,950 renovation produced $79,050 in equity. Ridge Street Capital funded $205,100 at 70% LTV through the DSCR cash-out refinance, recovering the majority of the investor's deployed capital while the property remained in the rental portfolio.
• 82.2% capital recycled,  6.7% cash-on-cash. The investor recovered 82.2% of total deployed capital at the DSCR refinance. $46,427 remains in the asset alongside $87,900 in built equity. Through Ridge Street Capital's Florida DSCR loan program, the property qualifies at a 1.20 DSCR . A 6.7% cash-on-cash return on the capital remaining in this fix-to-rent position.

THE RESULT

The completed BRRRR strategy gave the investor a cash-flowing property on an Orlando single-family, $87,900 in built equity, and 82.2% of deployed capital returned at the refinance.

• Phase 1 - Hard Money Loan: $179,950 (12-Month Term, 80% LTV, 10.99%)
• Phase 2 - DSCR Loan Cash-Out Refinance: $205,100 (30-Year Fixed, 70% LTV, 6.875%)
• Post-Rehab Appraised Value: $293,000
• DSCR: 1.20x
• Capital Recycled: 82.2%
• Cash-on-Cash Return: 6.7%
  ‍

MORE ABOUT RIDGE STREET CAPITAL

Ridge Street Capital provides fix and flip loans, DSCR rental loans, and ground-up construction financing to real estate investors across 36 states. Our focus is exclusively on investment properties, which means every deal we evaluate gets the attention of a team that has seen the full range of what makes an investment work or fail.

If you want a BRRRR lender who will tell you clearly whether a deal makes sense and move fast when it does, apply today.