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Hard Money Lenders

Hard Money Lender Florida

What Is Hard Money?

When it comes to real estate investing, there are different ways to finance a deal. One option is to work with a hard money lender, which is sometimes called a private money lender. Hard money lenders are private individuals or companies that provide short-term loans secured by real estate. These loans are typically used by real estate investors who need to quickly purchase, renovate, or flip a property.  

What Do Hard Money Lenders Do?

Essentially, they provide a source of quick and flexible financing for real estate investors. Unlike traditional lenders such as banks or credit unions, hard money lenders are not as concerned with a borrower's creditworthiness or income. Instead, they focus on the value of the property being used as collateral for the loan.

What Are The Benefits Of Hard Money?

  1. Provide fast funding: One of the main advantages of working with a hard money lender is the speed at which funds can be provided. Traditional lenders can take weeks or even months to approve a loan, whereas hard money lenders can typically approve and fund a loan within a few days or weeks.
  2. Offer short-term loans: Hard money loans are typically short-term, ranging from a few months to a few years. This is because the loans are meant to be used for quick purchases or renovations, after which the investor can either sell the property or refinance with a more traditional lender.
  3. Focus on the collateral: Hard money lenders are primarily concerned with the collateral being used to secure the loan. They will typically lend up to a certain percentage of the property's value, often around 60-70%.
  4. Charge higher interest rates: Because hard money loans are riskier for the lender, they often come with higher interest rates compared to traditional loans. Interest rates can range from 8% to 18%, depending on the lender and the specific loan terms.
  5. Consider alternative factors: Hard money lenders may also take into consideration alternative factors such as the investor's experience and the potential profitability of the project. This can help them make a more informed decision on whether to approve the loan.

Clear2Close Title & Escrow, LLC is owned by Licensed Florida Real Estate Lawyer Ryan S. Shipp. For our client's convenience, our office has an In-House, onsite Hard Money Lender ready to make a good deal.  

These logistics gives us the ability to quickly request and obtain necessary borrower information, review, and immediately make borrower loan qualification decisions.  Call us today @ 561.600.0448.

Our Hard Money Loans are primarily made in Florida, but we have the ability to finance out of state transactions. 

Typical Loan Terms:

  • Interest Only Loans;
  • Interest Rates from 7%-12%;
  • No Origination Fees
  • Term from 1-3 years; and
  • Loan-to-Value Ratio of no more than 60%.

Purpose Of Loan:

  • Purchases;
  • Refinances and Cash-Out;
  • Fix and Flips; and
  • Short-Term and Bridge Loans

*The Purpose of the Loan cannot be for the Purchase of an Owner-Occupied Homestead Property.

 

 

Atlantis Hard Money Lender  -  Belle Glade Hard Money Lender  -  Boca Raton Hard Money Lender  -  Boca Rio Br Hard Money Lender -  Boynton Beach Hard Money Lender -  Delray Beach Hard Money Lender    -  Greenacres Hard Money Lender   -  Haverhill Hard Money Lender  -  Highland Beach Hard Money Lender   -  Hypoluxo Hard Money Lender  -  Jog Road Hard Money Lender  -  Juno Beach Hard Money Lender   -  Jupiter Hard Money Lender -  Lake Harbor Hard Money Lender   -  Lake Park Hard Money Lender   -  Lake Worth Hard Money Lender   -  Lantana Hard Money Lender  -  Loxahatchee Hard Money Lender   -  Manalapan Hard Money Lender   -  North Palm Beach Hard Money Lender   -  Northwood Hard Money Lender   -  Ocean Ridge Hard Money Lender   -  Pahokee Hard Money Lender   -  Palm Beach  Hard Money Lender -  Palm Beach Gardens Hard Money Lender   -  Palm Beach Gardens Mall Hard Money Lender   -  Palm Beach Shores Hard Money Lender   -  Palm Springs Hard Money Lender -  Palms Central Hard Money Lender  -  Palms West Hard Money Lender  -  Riviera Beach Hard Money Lender   -  Royal Palm Beach Hard Money Lender   -  Singer Island Hard Money Lender   -  South Bay Hard Money Lender  -   South Palm Beach Hard Money Lender - Tequesta Hard Money Lender   -  Village of Golf Hard Money Lender   -  Wellington Hard Money Lender   -  West Delray Beach Hard Money Lender   -  West Palm Beach Hard Money Lender

 

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