Florida Mortgage Solutions Group is a Weston, FL based private money lender. They provide loans throughout South Florida. Their focus is primarily on long term rental property loans. Their lending guidelines are flexible, including terms up ...
Hard Money Loans in Homestead, Florida
A total of 50 search results for private money lenders were found in Homestead, FL. The median note amount is $319,559. Interest rates on private loans made to Homestead investors average 12.2%. The mean loan made in the city has a term of 25 months. The mean note includes a 2.6 point origination fee. 71% is the mean loan-to-value (LTV) offered for for loans in Homestead.
Loan Example 1
Lawrence takes a hard money loan from Rolling Brook Funding Company in order to remodel a house to resale in Homestead, FL. The price of the house is $200,000. The loan-to-value (LTV) on the deal is 60%. This means that Lawrence will need to bring 40% of the sales price to closing and the principle will be $120,000 on the note. The interest rate on the loan is 9% for a term of 12 months and the company requires a one point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle amount will be paid back after the property sells.
On top of the $1,200 origination fee, Lawrence will also have to fund $80,000 of the purchase with his own money, or 40% of the sales price. Once the deal closes, he will need to pay the lender $900 in monthly interest fees, or 9% multiplied times $120,000 divided by 12 months in the year. If Lawrence sells the property for $240,000 after 12 months, he would then realize a gross profit of $28,000 after subtracting the original principle of $120,000, the money paid at closing of $80,000, the origination fee of $1,200, and the total interest payments of $10,800. This gross profit doesn't include renovation costs.
Loan Example 2
Petra takes out a loan from River View Funding Company in order to renovate a house to flip in Homestead, FL. The deal has the following terms:
$180,000 purchase price
50% loan to value (LTV)
18 month term
13% interest rate
5% origination fee
After the rehab project is completed, if Petra sells the project for $234,000, the outcome would be as follows:
$234,000 sales price
- $90,000 loan principle (50% LTV)
- $90,000 cash paid at closing (50% on 50% LTV)
- $4,500 origination fee (5% of the $90,000 principle amount)
- $17,550 total interest paid (18 months x 13% interest)
-----------------------
= $31,950 total profit (does not include taxes or renovation costs)
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Capital Funding Financial is a Parkland, FL based hard money lender providing funding throughout Florida. They offer hard money loans for commercial properties, refinancing, short term loans, and fix and flip hard money loans. They offer ...
City Financial Mortgage
Coral Springs, FL
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Direct Lending Partner is a Bethlehem, PA based private lender. They provide loans throughout Boston, Providence, Pawtucket, Cranston, Warwick, and Central Falls. They offer fix-and-flip hard money loans, hard money bridge loans, buy and hold loans, ground ...
Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia. They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...
Temple View Capital is private lender headquartered in Bethesda, MD. They provide loans in 20 states throughout the US. They provide short term fix and flip loans, cash out loans, private commercial loans, loans for rental properties, ...
Headquartered in Lakehurst, NJ, Alpha Funding Solutions is a hard money lender providing funding throughout New Jersey, Connecticut, Pennsylvania, New York, Maryland, Delaware, and Florida. They offer hard money bridge loans, long term rental property loans, private commercial ...
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
Fairfield Financial Services
Portland, OR
Fairfield Financial Services is private lender headquartered in Portland, OR. They provide funding in 11 states across the United States. They offer private commercial loans, hard money refinancing, fix-and-flip hard money loans, and short term bridge ...
Based in Hollywood, FL, Transactional Funding is a hard money lender offering loans in Florida and Georgia. Their focus is mainly on short term fix and flip loans. They primarily offer loans for single ...
Visio Lending is a hard money lender based in Austin, TX providing loans in 39 states throughout the United States. They provide short term bridge loans, commercial loans, and fix-and-flip hard money loans. They provide rates ...
US Mortgage Lenders is a Hollywood, FL based private money lender. They provide funding in Florida and Georgia. They offer loans for many different needs and situations, including long term rental property loans, fix-and-flip loans, and commercial ...
Patch of Land is an asset-based lender based in Los Angeles, CA offering funding all throughout the US. They offer short term bridge loans, private commercial loans, long term rental property loans, refinancing, and fix and flip loans. ...
Based in Rockville, MD, ACC Mortgage is a hard money lender offering loans in 16 states across the country. They offer fix and flip loans, commercial loans, private refinancing, and buy and hold loans. Their loan parameters ...
NSB Financing is a Miami, FL based hard money lender. They offer loans in 10 states throughout the United States. They offer loans for many different situations and needs, including commercial hard money loans, hard money construction loans, ...
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Capstone Financial is a Scottsdale, AZ based hard money lender who provides loans all across the US. They provide lending solutions for a variety of needs and situations, including cash out loans, fix and flip hard money loans, short ...
ABC Capital Investments is a Philadelphia, PA based private lender who offers loans all throughout the US. They provide lending solutions for many different scenarios, including long term rental property loans and short term fix and flip loans. ...
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Global Capital Partners is a New York, NY based private lender. They provide funding across the US. They offer hard money bridge loans, hard money construction loans, refinancing, fix-and-flip loans, hard money loans for commercial properties, and ...
Falcon Americas Finance is a Coral Gables, FL based hard money lender. They provide funding throughout Miami. They offer lending solutions for many different situations, including bridge loans and hard money loans for commercial properties. They issue ...
Headquartered in Chicago, IL, Renovo Financial is an asset-based lender providing funding across these locations: Chicago, Milwaukee, Detroit, Indianapolis, Cleveland, Cincinnati, Columbus, Philadelphia, Atlanta, Orlando, Tampa, Miami, Austin, San Antonio, Houston, St Louis, and Kansas City. They provide ...
Suncoast is a Boca Raton, FL based hard money lender. They provide loans in Boca Raton and Miami. Their focus is mainly on fix-and-flip loans. They primarily make loans on single family and ...
Hard Money Company is a Vienna, VA based private money lender. They offer funding in Miami, Fort Lauderdale, and Key West. They offer loans for many different situations, including fix and flip loans and short term bridge ...
HG Mortgage is a private money lender headquartered in Weston, FL providing funding in South Florida. Their lending focus is mainly on fix-and-flip loans. Their lending guidelines are versatile, including terms between 6 months and 3 years ...
York Funding is hard money lender based in Long Island, NY. They provide funding throughout South Florida. They provide ground-up construction loans, hard money refinancing, hard money loans for commercial properties, and short term fix and ...
London Financial is a Key Biscayne, FL based hard money lender. They offer loans in Broward County, Miami-Dade County, Palm Beach County, and Monroe County. They provide loans for a variety of scenarios, including hard money loans ...
Best Beach Lending is an asset-based lender based in Miami, FL offering loans in Broward County, Miami-Dade County, and Palm Beach County. They offer lending solutions for a variety of needs and situations, including fix and flip loans ...
CDC Financial Corp is a Davie, FL based hard money lender who offers loans in Broward County, Miami-Dade County, and Palm Beach County. They provide lending solutions for many different situations and needs, including investment property loans, commercial ...
Monroe Funding Group is a Fort Lauderdale, FL based private money lender. They provide loans throughout the following areas: Hillsborough County, Manatee County, Sarasota County, Charlotte County, Lee County, Collier County, Monroe County, Miami-Dade County, Broward County, Palm Beach ...
RK Mortgage Group is a hard money lender headquartered in Hallandale Beach, FL providing loans across the following areas: Bay County, Brevard County, Broward County, Charlotte County, Clay County, Collier County, Duval County, Flagler County, Hillsborough County, Lee County, Manatee ...
Headquartered in Miami, FL, Diplomat Property Solutions is a hard money lender providing funding throughout Broward County, Miami-Dade County, Palm Beach County, and Monroe County. They provide lending solutions for many different situations and needs, including loans for ...
First Pro Capital Inc is a hard money lender based in West Palm Beach, FL providing funding in Broward County, Miami-Dade County, and Palm Beach County. Their lending focus is primarily on commercial hard money loans. Their ...
Based in Huntingdon Valley, PA, Gelt Financial is a private money lender offering funding throughout Philadelphia. They offer loans for many different situations and needs, including rental property loans, private commercial loans, fix-and-flip hard money loans, hard money bridge ...
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BGI Financial is a Miami, FL based private money lender who offers funding throughout Broward County, Miami-Dade County, Palm Beach County, and Monroe County. They provide loans for a variety of scenarios, including loans for investments properties, short ...
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Miami Hard Money
Miami Beach, FL 33162
Miami Hard Money is a Miami Beach, FL based private lender. They provide loans in Miami-Dade County, Broward County, and Palm Beach County. They offer short term fix and flip loans and commercial loans. Their lending ...
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