Who are the Top Hard Money Lenders Miami Florida?

Finding the top hard money lenders Miami Florida is important to your real estate investing success. Whether you’re new to real estate or are an investing veteran, your hard money loans can end up costing you thousands of dollars if you aren’t careful. An unfavorable private 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 and profitable. Miami hard money lenders can give you the buying power you need to secure your deal.

There are numerous results for hard money lenders in Miami FL, some promising, others not so much. Loan amounts average around $300,000. Rates on private money loans issued to Miami investors average about 12%. The median loan issued in Miami has a length of 12-24 months. The average origination fee charged on the loans is between 2-3%. The median loan-to-value (LTV) for loans in Miami is 70-75%.

Here’s our short list of the top 7 Best Hard Money Lenders in Miami:

  1. Lending Bankers Mortgage LLC
  2. ACAP Acquisition Capital
  3. HardMoneyLenders.io
  4. Bridge Invest
  5. London Financial
  6. Royal Kapital Group
  7. GoKapital

 

The Top 10 Best Hard Money Lenders in Miami 

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#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
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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
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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

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#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%
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#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
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#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%
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#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

Best Hard Money Lenders Miami FAQ

Who are the top hard money lenders in Miami?

Here’s our short list of the top 7 Best Hard Money Lenders in Miami:

  1. Lending Bankers Mortgage LLC
  2. ACAP Acquisition Capital
  3. HardMoneyLenders.io
  4. Bridge Invest
  5. London Financial
  6. Royal Kapital Group
  7. GoKapital
What do Miami hard money lenders charge?

Hard money loan rates in Miami range from 7 percent to 16 percent for fix and flip and shorter term loans. Many hard money lenders in Miami also charge points or origination fees on a loan that range from 1-3 percent.

Do Hard Money Lenders in Miami require appraisals?

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

What is hard money in Miami?

Hard money loans in Miami 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.

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