Palm Beach County Hard Money Lenders for Real Estate Investors
Need a hard money loan secured by real estate in Palm Beach County? This page has a list of direct hard money lenders that offer quick funding for a Palm Beach County 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...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Soviero Capital LLC
Asset-Based Hard Money Lender for All Types of Improved Real Estate (up to 65% LTV)
Capital Funding Financial
Direct Lender for Investment Real Estate - 7 Day Closings - Low Rates
Yieldi LLC
Direct, Reliable Lender for Investment Properties
Crosby Capital USA
Fast Bridge Loans for Multifamily and Residential Investment Properties
Altaloans
Creative Direct Private Lending for Florida Real Estate Investors
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
Coastal Equity Group
Direct Private Lender for Real Estate Investors in the Southeast
Equity Lending Solutions LLC
Reliable Capital for Fix & Flip and Ground Up Construction Loans / Direct Private Lender
Center Street Lending
Smarter Loans for Residential Investors
Backflip
Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
IceCap Group
Flexible & Friendly Funding for Property Investors Across the Country
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
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 3rd quarter of 2024 was 11.10%. The average loan amount was $493,209. These stats are the average of 838 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in Florida between July 1, 2024 and September 30, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
Here is a breakdown of average interest rates in Florida’s metropolitan areas:
Southeast Florida
The average interest rate for hard money loans funded in the Southeast Region of Florida (Miami & Fort Lauderdale metro area) in the 3rd quarter of 2024 was 10.96%. The average loan amount was $837,110. Of the 200 total loans in the 3-month period, 106 were secured by properties in Miami-Dade County, 51 in Broward County, and 43 in Palm Beach County.
Southwest Florida
The average interest rate for hard money loans funded in the Southwest Region of Florida (Fort Myers, Cape Coral) in the 3rd quarter of 2024 was 10.80%. The average loan amount was $364,390. The averages are derived from 90 loans secured by properties in Lee County.
Central West Florida
The average interest rate for hard money loans funded in the Central West Region of Florida (Tampa Bay) in the 3rd quarter of 2024 was 10.99%. The average loan amount was $315,474. Of the 224 total loans in the 3-month period, 59 were secured by properties in Hillsborough County, 52 in Pinellas County, 56 in Charlotte County, 32 in Sarasota County, 15 in Pasco County, and 10 in Citrus County.
Central Florida
The average interest rate for hard money loans funded in the Central Region of Florida (Orlando) in the 3rd quarter of 2024 was 11.33%. The average loan amount was $467,347. Of the 55 total loans in the 3-month period, 33 were secured by properties in Orange County and 22 in Polk County.
Central East Florida
The average interest rate for hard money loans funded in the Central East Region of Florida (Space Coast) in the 3rd quarter of 2024 was 11.06%. The average loan amount was $282,837. Of the 47 total loans in the 3-month period, 31 were secured by properties in Brevard County and 16 in Volusia County.
Northeast Florida
The average interest rate for hard money loans funded in the North Region of Florida (Jacksonville) in the 3rd quarter of 2024 was 11.54%. The average loan amount was $253,547. Of the 87 total loans in the 3-month period, 41 were secured by properties in Duval County and 46 in Marion County.
Northwest Florida
The average interest rate for hard money loans funded in the Northwest Region of Florida (Panhandle) in the 3rd quarter of 2024 was 11.83%. The average loan amount was $251,918. Of the 18 total loans in the 3-month period, 18 were secured by properties in Escambia County.
According to private lending data provider, Analytics Logics, the average interest rate for Florida hard money loans in the 3rd quarter of 2024 was 11.27%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for hard money loans in Florida was 64%, and the average loan amount was $361,290. These stats are the average of all the loans which were funded between July 1, 2024 and September 30, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
8 Local Florida Hard Money Lenders
Here are the hard money lenders on our platform that are “local” lenders, based in Florida…
- Soviero Capital | Jupiter, FL
Soviero Capital is a small family lending company that offers hard money loans up to 3 years for many types of investment properties in Florida. They can be creative with deals, so long as the loan-to-value is no more than 65% and the loan amount is under $2.5MM. They are more of an asset-based lender and not too concerned about borrowers’ credit scores. - Capital Funding Financial | Boca Raton, FL
Capital Funding is a family office lending firm that can do deals which most other lenders cannot. Although they lend nationally, for deals in their home state of Florida, they can fund really fast and be more creative. Appraisals are not required for most of their Florida loans, for residential and commercial properties. - Gelt Financial | Boca Raton, FL
Gelt is one of the oldest hard money lenders in Florida, and one of the most creative. They lend on residential investment properties but primarily lend on commercial real estate in urban areas. They don’t mind borrowers with poor financials, so long as the property has enough equity for them to achieve a 65% loan-to-value or lower. Unlike most commercial real estate lenders, Gelt doesn’t mind small loan amounts as low as $100,000. We have had a relationship with Gelt since 2018 and have visited their office. - Crosby Capital USA | Miami Beach, FL
Crosby offers purchase and refinance hard money loans secured by residential and multifamily properties in urban areas throughout Florida. Their maximum loan-to-value is 60%, but they are mostly asset based and don’t shy away from challenging deals. They have done many foreclosure bailout loans. They like luxury rental homes but also lend on regular rental properties so long as the loan amount is over $200,000. - RBI Private Lending | Miami, FL
RBI offers hard money loans mainly for residential rehab and ground-up construction projects throughout Florida. The majority of their loans are for fix & flip, but they are very bullish with construction, including multi-home developments. According to Forecasa, RBI ranks in the Top 10 Florida hard money lenders in terms of loan volume. We have had a relationship with RBI since 2017 and have visited their office. - LendingOne | Boca Raton, FL
LendingOne is one of the largest hard money lenders in the United States for residential property investors. Their loan programs include rehab fix & flip, SFR ground-up construction and DSCR long-term rental. We have had a relationship with LendingOne since 2014 and have visited their office. - Equity Lending Solutions | North Miami Beach, FL
According to Forecasa, ELS ranks in the Top 3 Florida hard money lenders in terms of loan volume. They offer rehab, construction and DSCR loans for residential real estate investors. We have had a relationship with the company since 2019 and have visited their office. - Rok Lending | Aventura, FL
Rok offers larger hard money loans, ranging from $3MM to $100MM, and mainly for core commercial real estate – multifamily, retail, industrial, hotels. They also like luxury homes which are not owner-occupied. Their loans go up to 70% loan-to-value. This lending firm is operated by the Rok family, which has been a large real estate investor in Florida since the 1980’s.
Top 10 Florida Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Florida from July 2024 to September 2024.
- Kiavi
- Equity Lending Solutions LLC
- RBI Private Lending
- Lendz Financial
- American Heritage Lending LLC
- Renovo Financial
- Easy Street Capital
- ROC Capital
- Oaktree Funding Corporation
- Lima One Capital LLC
Forecasa™ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. 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
Completed Hard Money Loans in Palm Beach County
Hard Money Loan for Retail Property Purchase in Boynton Beach, Florida
$935,000
Gelt Financial, a direct private commercial real estate lender, funded a $935,000 hard money loan for the acquisition of a 5,700-square-foot retail property in Boynton Beach, Florida. The Borrower had been working with a bank but they were taking too long to close, and the seller was not willing to extend the closing date. The purchase price was $1,3750,000. The Borrower put down $440,000 cash, so the loan-to-value for our loan was 68%. We received the initial request just before Thanksgiving. The term sheet was signed on Black Friday and we funded the following week. The property had 3 units. Two of them were leased and Borrower occupied the 3rd unit. The loan term was set at 24 months but we expect to be paid off in less than 6 months. There is no lock-out period. This hard money loan was funded in December 2021.
Gelt Financial, a direct hard money lender based in Delray Beach, provided 100% financing for the purchase and rehab of a single-family home in Boyton Beach. The Borrowers are 2 young guys who have flipped a number of houses in the area. We’ve had a long-term relationship with them and didn’t require them to contribute any of their own cash to this deal. The subject property was being sold at auction which is nearly impossible for most lenders to consider since the due diligence is very limited. However, this is in our backyard in Palm Beach County, so we didn’t need an appraisal. We paid a 5% deposit at the auction and then funded the balance a few days after. The title was held in an LLC that Gelt Financial owns and we also recorded a 1st mortgage, but no monthly payments were required. The 1st mortgage of $260,000 will earn interest, and we will receive 40% of the profits upon the sale, which we estimate will be around $400,000. This JV equity deal was funded in March 2021.
