HARD MONEY LENDERS FLORIDA :: FLORIDA HARD MONEY LOANS :: HARD MONEY HOME LOAN FLORIDA

Hard Money Loans are still available to purchase or refinance Florida real estate. For purchases's the price is the guideline. Our hard money loans are based on the purchase price and NOT the appraised value.  The rule of thumb has always been, 55-65% LTV Based on purchase price or appraised value, the lower of the two.

FLORIDA HARD MONEY LOANS AVAILABLE FOR THE FOLLOWING:

• • Cash Out Refinance -OK
• • Rehab Loan for Purchase or Refinance   
• • Bad Credit Florida home loans - Not A Problem with compensating factors
• • Bankruptcy-No Problem
• • Foreclosure -No Problem 
• • Hard Money LAND Loans –OK
• • Seller Held Second Mortgage Loans  - OK
• • Construction Loan -New & Existing   ( Run Out Of Funds? ) 
• •  Fixed & Adjustable Interest Rates with Balloons 4,6,8,10 years
• • No IRS 4506 Needed
• • Loan Amount:   Up to Five Million Dollars.

Feel Free to Apply Now for a Florida Hard money mortgage or use our Quick Application to receive a no obligation consultation on your next Florida mortgage.

CLICK START NOW TO GET PRE APPROVED TODAY!

or use our quick application to receive a no obligation consultation on your next Florida mortgage.

FLORIDA HARD MONEY - PRIVATE HARD MONEY FLORIDA MONEY LENDERS
We provide our Florida loan applicants with access to every Hard money lending source available in the market today. One of the valuable resources is private mortgage lenders sometimes called hard money. Hard Money lenders. These private hard money lenders  provide a valuable niche in today's Florida real estate market, filling the void left in the wake of the sub-prime mortgage crisis.

WHY FLORIDA HARD MONEY LOANS ARE DIFFERENT-Hard Money or Private Equity is far different from other more traditional conventional or even sub prime mortgage sources. Hard money lenders typically lend solely based on the equity or quick sale value of the real estate offered as collateral. Due to the extreme demand for Florida hard money lenders and their ability to pick and chose which loans they wish to provide... Most Florida hard money lenders pick the more promising properties in the most desirable areas with the lowest loan to value. This reduces the Hard money lenders risk. There are many advantages to the hard money loans and also some drawbacks detailed below:

FLORIDA HARD MONEY LOAN BENIFITS
1. SPEED- ability to close loans in 7-10 days
2. EQUITY = LOAN- If  can prove the ability to repay.

FLORIDA HARD MONEY LOAN DISADVANTAGES
1. Florida hard money lenders change 10-15% with balloons due in 2-10years.
2. Private hard money lenders change upfront points ranging from 3-5% and have prepayment penalties ranging from 1-3 years depending on the term of the loan.

NO SURPRISES WITH FLORIDA HARD MONEY LOANS- As a Florida hard money mortgage lender we have partnered with only the most ethical and professional private money sources available in Florida. As with any other Florida loan program we offer you will always be provided with detailed disclosures so you know exactly what the rate and terms will be no surprises. All  Hard money rates and fees will be discussed in advance and the agreed upon terms is what we deliver, so there are never any last minutes surprises.

HARD MONEY FLORIDA  LOANS BASED ON PURCHASE PRICE NOT APPRIASED VALUE- Until recently, many Florida Hard Money lenders that we provided were willing to base their loan amounts on property appraised value, rather than the properties purchase price. As the Florida real estate market has continues to on its decline, the appraised value has become almost non-relevant. The explanation  behind this change from appraisal to purchase price is that properties being sold far below appraised value are typically foreclosure sales. If a private lender ends up foreclosing on a property, they need to sell the asset as soon as possible.  This means they will be in the same position as the bank who is selling the foreclosed property.  To a hard money lender, a property is only worth what they know they can liquidate it for.  If the bank is liquidating a property for $100,000, a hard money lender will have to sell at 65,000-75,0000 in order to quickly get their investment back.As Florida mortgage lenders we offers immediate approvals and fast closings. Our professional staff of experienced loan consultants in Hard Money loans will be happy to discuss any loan situation and will make every effort to make it work.

Feel Free to Apply Now for a Florida Hard money mortgage or use our Quick Application to receive a no obligation consultation on your next Florida mortgage.

CLICK START NOW TO GET PRE APPROVED TODAY!