Who are the Best Hard Money Lenders in Florida?

Finding the best hard money lenders in Florida is critical to your real estate investing success. Whether you’re new to real estate or are much more experienced, your hard money loans can end up costing you thousands of dollars if you aren’t careful. An unfavorable hard money loan can set you back thousands and thousands of dollars. On the flip side, hard money loans can provide the financing you need to make a deal possible. Florida hard money lenders can give you the buying power you need to secure your deal.

Florida has several private money lenders offering loans throughout the area. Several of them seem reliable with a good number of positive Google reviews and professional looking websites. Tthe median loan amount is about 300k. Interest rates on hard money loans for Florida investors average around 10-14%. The median loan term is around 20 months, making lenders here a bit more lenient of terms. Origination fees in the 2-4% range are common, and also have standard LTV averages around 70-75%.

Here’s our short list of the top 10 Best Hard Money Lenders in Florida:

  1. A2Z Capital Lending
  2. Monroe Funding Corp
  3. Birchwood Loans
  4. Capital Funding Finance
  5. AHL
  6. London Financial
  7. Bridgewell Capital
  8. Insource Funding
  9. The Associates
  10. Capital Fundings

The Top 10 Best Hard Money Lenders in Florida

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1. A2Z Capital Lending

A2Z Capital Lending is a Florida based hard money lender. They have excellent reviews on Google and a professional website. They’ve been operating in Florida in many years so you can use them confidently.

Unlike traditional bank loans, the ability to obtain hard money financing isn’t determined by the borrower’s credit worthiness. Instead, A2Z Capital Lending uses the value of the property itself in determining whether to make the loan. 

Here is some more info on their Hard Money Loan Program:

  • Lending Area: United States, emphasis in Florida
  • Loan Size: $50,000 to $3,000,000+
  • Loan to Value (LTV): Up to 75% LTV
  • Closings: Typically 7-10 business days
  • Amortization: Interest only or amortized
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2. Monroe Funding Corp

Monroe Funding Corp is a direct mortgage lender serving Florida with a variety of hard money loan products to fit the needs of real estate investors. Their clients benefit from flexible terms and conditions tailored to fit both short and long-term needs.

They offer no credit score requirements, fast closing, competitive rates and a good selection of programs. Plus, they’re highly rated on Google for a little added confidence. 

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#3. Birchwood Loans

Birchwood is another highly rated Florida hard money lender, although, their Google My Business listing looks a little unprofessional. But don’t be fooled. They have good customer service are have provided reliable hard money lenders in florida. 

Birchwood offers a fast source of hard money lender funding for your real estate investments. They can finance up to 60% LTV for a period of up to 5 years and provide interest only payments.

 

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#4. Capital Funding Financial

Capital Funding Financial is a Florida based hard money lender specializing in Fast & Affordable Mortgage Solutions for Real Estate Investors. Their programs include Hard Money Loans, Rental Loans, Fix & Flip, and Commercial. They offer closings in as little as 7 days.

Here are some other details:

  • Loan Amount: $75,000 – $10 Million
  • Loan Amount: $75,000 – $10 Million
  • Term Length: 6 – 36 months
  • Max LTV: Up to 80%Amortization: Interest only
  • Interest Rate: Starting at 7.49%
  • Closing Time: 3 – 7 Days
  • Loan Use: Purchase, refinance, cash-out,construction, renovation 
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#5. AHL

AHL Hard Money offers much more flexible financing than a traditional loan. If you have been turned down and have equity in your property, AHL may be a good option for you. Their loan process is fast and straight forward.

AHL Hard Money typically closes loans in 5-15 days. They offer programs for single family, manufactured, townhouses, condominiums, 1-4 units, 5+ commercial units, owner occupied, non-owner occupied, investor and fix n flip scenarios. AHL Hard Money will even help with suggestions to improve your credit if you’d like to get more traditional financing.

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#6. London Financial

London Financial Company (LFC) has fewer reviews than some of the other companies on our list, but they’re all highly rated. They offer flexibile terms with competitive rates. They offer construction loans and hard money loans. 

Here is a list of some of their terms:

  • $500,000-$12,000,000
  • 9-12% interest only
  • 1-2% origination fee
  • 1-2 year term
  • all loans considered except on primary residences
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#7. Bridgewell Capital

Bridgewell Capital is a hard money lender based in Orlando. They offer rehab loans for flips and for rental properties. They also do multifamily loans and commercial loans.

Here are some of their fix and flip loan terms:

  • Up to 100% of rehab costs
  • Up to 75% ARV
  • Closings in 10 days
  • Damaged Credit Okay
  • No interest on undrawn rehab funds
  • No pre-payment penalty
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#8. Insource Funding

Insource Funding Fix and Flip Loan is a great short-term financing option for real estate investors looking to purchase and rehab property. They’re a hard money lender based in Boca Raton and lend on several different property types  including the following:

  • Single Family
  • Condo and Townhouse
  • 2-4 Units, Multifamily
  • Commercial
  • Loan Amounts of $100,000 – $4,000,000
  • 12-month loan term
  • Up to 90% Loan to Cost
  • 100% Rehab financing
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#9. The Associates Home Loan

The Associates Home Loan is a Tampa based private money lender. They’ve been operating in Florida for many years and have a solid Google My Business profile and website.

They don’t disclose their terms online but their Loan amounts for Hard Money loans typically are calculated on a maximum of 65% of the current market value of the property or of the purchase price.

 

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#10. Capital Funding

Capital Funding is a hard money lender in Tampa FL. They offer loans in as little as 7-10 days with loan  amounts up to 500k. They also offer very competitive terms:

  • Rates from 11.99%
  • 80%  LTV
  • 1 year term

Best Hard Money Lenders Florida FAQ

Who is the best hard money lender in Florida?

Here’s our short list of the top 10 Best Hard Money Lenders in Florida:

  1. A2Z Capital Lending
  2. Monroe Funding Corp
  3. Birchwood Loans
  4. Capital Funding Finance
  5. AHL
  6. London Financial
  7. Bridgewell Capital
  8. Insource Funding
  9. The Associates
  10. Capital Fundings
What do Florida hard money lenders charge?

Hard money loan rates in Florida range from 5 percent to 16 percent for most fix and flip and shorter term loans. Many hard money lenders in Florida also charge points or origination fees on a loan that range from 0-3 percent. 

Do Hard Money Lenders in Florida require appraisals?

With most hard money lenders in Florida, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.

What is hard money in Florida?

Hard money loans in Florida are loans secured by real estate used to purchase or rehab that piece of property.

These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.

Looking for a specific city in Florida?

We’ve also rated some specific cities in Florida for additional help:

1. Best Hard Money Lenders Jacksonville FL

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