Short term financing options for investment properties in Florida
- No appraisal
- Up to 90% LTC
- Up to 100% rehab financing
- Up to 75% ARV
- Close as fast as 2 days
- No appraisal
- Up to 70% LTC with no credit check
- Up to 90% LTC for 680+ credit score
- Purchase/acquisition
- Close as fast as 2 days
- No appraisal
- Up to 70% LTV with no credit check
- Up to 90% LTV for 680+ credit score
- Cash out refinance
- Close as fast as 10 days
Hard Money Loan Terms
Here are the hard money loan terms for investment properties in Florida. These are asset based loans, so there is no income verification.
| Loan to purchase | Up to 90% LTC |
| Rehab financing | Up to 100% |
| Min loan amount | $75,000 |
| Max loan amount | $3 Million |
| Interest rate | Start at 9.25% |
| Experience required | None |
| Loan terms | 3, 6, 12, 18 and 24 months |
Talk to a Hard Money Loan Advisor
-
- Compare loan options
- Get proof of funds today
- See how much you qualify for
Hard Money Loan Requirements
These are the minimum requirements for a hard money loan in Florida.
Minimum Down Payment
The minimum down payment is typically 10-35% and depends on what type of loan you’re looking for.
Business Entity Required
Since these are business purpose loans, a legally registered business is required to get approved. If you haven’t already, file for a new LLC with the state of Florida.
Minimum Documentation
The following documents will be required to get approved for a Florida hard money loan.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Status
Speak with a Hard Money Loan Specialist
Hard Money Loan FAQ’s
There are many hard money lending options available. Here are some common questions real estate investors may have.
What credit score is needed for a fix and flip hard money loan?
These are hard money loans with no minimum credit score requirement, so there will be no credit pull for fix and flip financing in Florida.
What credit score is needed for a hard money bridge loan?
Bridge loans with no minimum credit score requirement are eligible for up to 65% LTC. While bridge loans with a minimum 680 credit score, are eligible for up to 90% LTC.
Do hard money loans hurt your credit?
As long as you make your payments on time, they won’t hurt your credit score.
Where to fix and flip with hard money loans in Florida
- Miami
- Orlando
- Tampa
- Jacksonville
- Fort Myers
- St. Petersburg
- Sarasota
Is Florida good for house flipping with hard money?
In 2022, The Motley Fool reported that the average flipping profit in Florida was $75,000 per property and the average return on investment was 27.80% per flip.
Why buy an investment property in Florida?
Florida is practically its own country with its own rules. It has the most visited theme parks and most beautiful beaches in the United States.
For a real estate investor, it’s heaven. Short-term rentals thrive from vacationers, snow birds and retirees. Fix and flippers thrive from the amount of distressed inventory available from short-term use and natural disasters like hurricanes and tornadoes.
Its home to the Everglades, a huge area with lots of wildlife, and tons of beautiful beaches like Siesta Key, Lido Key, Miami Beach and more. It’s also famous for having the largest theme parks, which attract millions of visitors every year.