Great Lakes Private Lending for Florida investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Florida context
Florida no state income tax. Strong investor activity statewide. Hurricane insurance is material cost. STR market huge — Orlando area, Florida Keys, panhandle beaches.
How Great Lakes Private Lending positions in Florida
The Florida lender pool for DSCR includes Great Lakes Private Lending among the active platforms. Florida top metros (Miami, Tampa, Orlando) see meaningful Great Lakes Private Lending loan volume.
City-level coverage in Florida
Great Lakes Private Lending provides DSCR coverage across Florida metros including Miami, Tampa, and Orlando. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Florida metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Florida property tax | 0.9% |
| Florida state income tax | None |
Great Lakes Private Lending strengths in Florida
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Florida coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Miami is the top investor market in Florida and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Miami property tax follows the Florida state rate of 0.9 percent. Great Lakes Private Lending typically underwrites Miami acquisitions at standard rate sheets.
Yes. Tampa ranks among the larger Florida investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Tampa matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Florida metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Miami, Tampa, and Orlando all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Florida no state income tax. Strong investor activity statewide. Hurricane insurance is material cost. STR market huge — Orlando area, Florida Keys, panhandle beaches. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Florida.
Florida allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Great Lakes Private Lending in Florida works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.