Short term financing options for investment properties in St. Pete
- 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 St. Petersburg. 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 St. Petersburg, 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 St. Petersburg 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 St. Petersburg, 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 St. Petersburg, 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 St. Petersburg a good place to buy an investment property?
Yes, St. Petersburg, Florida, is an excellent place for real estate investment projects. Specifically thanks to its strong tourism demand, rapid population growth and beautiful Gulf Coast beaches. St. Pete’s climate also attracts retirees and vacationers, ensuring consistent demand for housing, especially close to downtown and waterfront properties.