Top Hard Money Lenders Miami Florida

The Top 10 Best Hard Money Lenders in Miami 

#1. Lending Bankers Mortgage LLC

Lending Bankers Mortgage LLC  is one of the top options for hard money lenders in all of Florida. With over 80 4-5 star reviews on Google, they appear to be one of the most reliable and trustworthy hard money lenders in Miami.

Here are some additional details about their loans:

• Close in as little as 5 business days
• Up to 90% of purchase price
• Appraisal after close
• 70% of After Repair Value (ARV) w/ holdback 100% rehab costs.
• Eligible Properties: SFRs, 2-4plex, Condos, PUDs
• No prepayments penalties

2. ACAP Acquisition Capital

ACAP Acquisition Capital is a Miami-based hard money lender. They offer a variety of loans for  different purposes. 

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

• Loan Amounts: 250K to 25MM
• No Income Documentation
• Foreign National OK
• Max Loan-to-Value 65%
• Non-Warrantable Condos are acceptable
• Limited Docs Needed

3. Hard Money Lenders . io

Hardmoneylenders.io is a hard money lender in Miami. They have a couple good  reviews on Google and a professional looking website. They specialize in offering loans to non-owner occupied real estate for  investors. They operate throughout Florida and have a network of affiliates nationwide.

They offer sseveral different terms but here are some details about their most popular option, the fix and flip loan. They’re flexible with the investor’s experience level, which is a big bonus. They offer competitive rates from 9-12% with flexible terms. Theyir biggest requirement is a 600 credit score

#4. Bridge Invest

Bridge Invest  doesn’t have a large Google presence, but they’ve been in the industry for over 25 years. They offer speciality bridge  loans and construction loans. 

Here are some other details:

• Loan Amount $5 – $100 million
• Interest Rate LIBOR + 6.99% – 8.99%
• Loan Term 12 – 36 months
• Interest-only
• Security First Mortgage Lien or Deed of Trust
• Loan-to-Value Up to 75%
• Loan-to-Cost Up to 90%
• Origination/Exit Fees: 1-2%

#5. 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

#6. Royal Capital Group

Royal  Capital Group is a Miami Beach based private money lender. They offer Miami hard money lending through its private investors throughout the Florida market. Additionally they also offer their services as a broker for bridge loan requests on a nationwide basis.

Here is a list of some of their terms:

• Property Types: Multifamily, Retail, Light Industrial, Warehouse, Mixed Use, Medical Office, Office Building, Condo Units, Hospitality (Flagged), Other income producing properties – case by case
• Loan terms: Range from 6 to 36 months (Per borrower request)
• Loan Purpose: Purchase, R/T refinance or Refinance – cash out
• Loan Amounts: Min $2,500,000 to $100M+
• Loan Amortization: Interest only
• LTV: up to 90% LTV (only income producing properties)
• Interest Rates: Between 9% – 13%
• Lender Origination: Between 1% -3.5%

#7. GoKapital

GoKapital is another reputable hard money lender in Miami. They have a solid Google profile and a professional website. Gokapital specializes in helping seasoned and beginner real estate investors by providing short-term mortgage solutions to acquire, flip, rehab, or refinance commercial properties in Miami and all across the United States.

Their hard money loans comes with several benefits:

• Faster Closings:  Traditional loans can take several months to close. They can do it in 2 to 4 weeks
• Lower Rates:  Rates start from 7% with no upfront cost and minimal documentation
• Up to 90% LTV – Get up to 75% of the purchase price and 100% of renovation costs