Our goal is to offer Florida real estate investors every product available to suit all possible needs. Our products include but are not limited to commercial real estate loans (commercial mortgages), hard money loans and conventional home loans. Our underwriting is streamlined to close quickly.

Property Geographic Area Details
Central and South Florida
Loan Amounts
$50,000 to $1,000,000
Interest Rates
12% to 15%
Loan Terms
1 months to 24 months
Origination Fees
1% to 2%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Property Types

  • 2-4 Units Residential
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money

Max Loan-to-Purchase Price

70%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Family

Fees which are paid to a third party company

  • Appraisal Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

7

Payment Structure
  • Interest Only
Payment Structure Details

Monthly interest only payments

Pre Payment Penalty

yes

1% in the first year only
Will lend to a foreign national

yes

Any
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Corporation
Documentation Required
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Get In Touch

Monroe Funding Corp pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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Monroe Funding Corp is a private mortgage lender focused on one-stop shopping for all real estate borrowing needs. We’ve been serving homeowners and investors in Florida and Virginia providing hard money loans, commercial real estate loans and home loans since 2008.

 

Year Established

2008

Office Locations

3015 N Ocean Boulevard, Suite 104, Ft. Lauderdale, Florida 33308

Primary Capital Source
  • Own Funds
  • Individual Investors
Loan Structure for Majority of Loans
  • One Investor One Loan
Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Our Team

Doug Williams

President

Get In Touch

Monroe Funding Corp pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$50,000

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