Miami Hard Money Lenders for Real Estate Investors
Need a hard money loan secured by real estate in the Miami metro area? This page has a list of direct hard money lenders that offer quick funding for a Miami property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan.Searching...
Sorry, your search returned no results.
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Equity Lending Solutions LLC
Reliable Capital for Fix & Flip and Ground Up Construction Loans / Direct Private Lender
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Florida Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Florida hard money loans in the 1st quarter of 2024 was 11.20%. The average loan amount was $419,827. These stats are the average of 615 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in Florida between January 1, 2024 and March 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Florida hard money loans in the 1st quarter of 2024 was 10.94%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for hard money loans in Florida was 65%, and the average loan amount was $381,820. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Florida Hard Money Lenders
According to Forecasaâ„¢, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Florida the last 12 months from March 2024.
- Kiavi
- Equity Lending Solutions LLC
- Lima One Capital LLC
- American Heritage Lending LLC
- RCN Capital LLC
- RBI Private Lending
- I Fund Cities
- ROC Capital
- Renovo Financial
- Easy Street Capital
Forecasaâ„¢ provides analytics data for Florida hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Select a Metro Area
Florida is a massive state, and many hard money lenders focus on particular metropolitan areas. Filter your search by selecting a metro area:
Miami & Fort Lauderdale | Orlando | Tampa Bay | Jacksonville | Palm Beach County | Fort Myers | Tallahassee | Pensacola
Funded Hard Money Loans in Miami Dade County
Capital Funding Financial, a direct lender, funded a $256,000 1st lien position hard money loan for the acquisition of a condominium in the Brickell neighborhood of Miami. We funded 65% of the $395,000 purchase price, while the Borrower contributed 35% cash at closing. The Borrower needed to close the loan in just 7 days which we were able to accomplish. The subject property was in good condition (recently renovated) and vacant at closing. The Borrower is an experienced real estate investor who plans on renting the condo out to maximize the cash flow and will refinance into a long-term loan. They had average credit. The interest rate was 10.99%, and we charged 2% origination points. The loan term was set at 12 months. This hard money loan was funded in September 2023.
Hard Money Loan for Purchase of SFR Rental in Miami, Florida
$1,170,000
Capital Funding Financial, a direct lender based in Florida, funded a $1,170,000 1st lien position bridge loan for the acquisition of a recently renovated single-family home in Miami, Florida. The purchase price was $1,800,000. We funded 65% of the purchase price, and the Borrower contributed 35% cash at closing. The Borrower was a Brazilian foreign national with no US credit who needed to close in less than 10 days. His prior financing had fallen through and he did not want to risk his deposit. We were able to close the loan within the 10-day timeframe. The subject property was approximately 2,532 square feet. The Borrower intends to refinance the loan into a long-term rental loan once it is stabilized or there is a showing of short-term rental history. The interest rate charged was 10.99% and Capital Funding Financial charged 2% origination points. The broker earned a $11,700 (1%) commission. The loan term was set at 12 months. This SFR hard money loan was funded in August 2023.
Gelt Financial, a direct lender based in Palm Beach County, funded a $300,000 hard money loan secured by a single-family home in the Coconut Grove neighborhood of Miami. The Borrower had recently purchased the property for $300,000 cash, so it was owned free-and-clear. We provided $150,000 just to recapitalize the Borrower, and the remaining $150,000 was held back for the renovation budget. We expect the after-repair value to be around $700,000 to $800,000. Most of the homes in this neighborhood are being torn down and redeveloped, but this home was just taken down to the studs. The Borrower had a horrible credit history, which made it difficult to get a loan from other lenders. We saw there was huge potential with the project and there was plenty of equity. The loan term is 12 months, and we expect to be paid off with a sale of the home. This hard money rehab loan was funded in December 2021.