Hard Money Loans in Miami

Short term financing options for investment properties in Miami

Fix and Flip Loans

Hard money loan for house flipping, specifically for real estate investors to buy, renovate and resell for a profit.

  • No appraisal
  • Up to 90% LTC
  • Up to 100% rehab financing
  • Up to 75% ARV
  • Close as fast as 2 days

Short Term Bridge Loans

Short-term financing or gap funding used as a bridge to permanent financing or resale at a later date.

  • 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

Cash Out Bridge Loans

Short term cash out refinance to buy another investment property, delay long term financing or access cash.

  • 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 Miami. 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
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Hard Money Loan Requirements

These are the minimum requirements for a hard money loan in Miami, FL.

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 Miami 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 Miami, 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.

How fast is the closing process?

If used for purchasing or fix and flipping an investment property in Miami, you can close in as little as 2 days.

Do hard money loans hurt your credit?

As long as you make your payments on time, they won’t hurt your credit score.

Is an appraisal required?

No, an appraisal is not required to get approved for a hard money loan.

Is Miami a good place to invest in real estate?

Yes, Miami is a great place to invest in real estate. Offering a strong rental market, high demand for short-term rentals, appreciating property values and two major airports (MIA and FLL). Miami’s tech economy and status as a tourist hub make it ideal for both rental income and property flipping.

In Florida, the laws are set up to benefit landlords in Miami. There are no rules on rent increases (no rent control), landlords can freely decide on security deposit amounts and late fees. Also, they make it easier to kick out people who are living illegally in properties that no one is looking after, are in bad condition, or have been taken over by the bank.

According to the Florida Landlord Tenant Act, if tenants don’t pay their rent within three days after being notified, landlords can quickly move to evict them. On March 27, 2024, Governor Ron DeSantis put into effect House Bill 621, which gives landlords more power to deal with squatters by setting up new legal steps and penalties for squatters.