Miami Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the Miami metro area? On this page you'll find a list of select bridge lenders for Miami investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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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 Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Florida bridge 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 rehab and ground-up construction loans) funded for investment properties in Florida between January 1, 2024 and March 31, 2024 by multiple bridge 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 bridge loans secured by residential investment properties in Florida 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 bridge 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 private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Florida Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge 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 bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Select a Metro Area
Florida is an enormous state, and most bridge lenders are selective about where they lend. Filter your search by selecting a metro area:
Miami & Fort Lauderdale | Orlando | Tampa Bay | Jacksonville | Palm Beach County | Fort Myers | Tallahassee | Pensacola
Funded Residential Property Bridge Loans in Miami
Purchase Bridge Loan for Newly Built Luxury Condo in Edgewater, Miami
$2,050,000
Sherpa Capital Group, a direct private lending firm based in Chicago, funded a $2,050,000 1st lien position bridge loan for the acquisition of a luxury condominium in the Edgewater neighborhood of Miami, near the Design District and Wynwood. We funded 64% of the $3,200,000 purchase price, while the Borrower contributed 36% cash at closing. The Borrowers are two private equity individual investors who signed a pre-construction contract 2-3 years before the building’s completion, and there were numerous construction delays. Their traditional lender was not able to provide financing in a timely manner. They had requested several extensions from the seller and were at risk of losing a significant non-refundable deposit from the pre-construction contract. Sherpa Capital Group was able to provide financing to the investors and close within 5 business days of the executed term sheet. They plan to sell the property as prices have gone up significantly in that market. If for some reason, they don’t sell, plan B would be to rent and refinance. The Borrower had excellent credit. The condo unit is approximately 3,000 square feet, located on one of the higher floors in the building. The interest rate was 15%, and the loan term was set at 6 months. This purchase bridge loan was funded in August 2023.