Q. What is a “hard money loan”?

A. “Hard Money” loans refer to non-conventional real estate loans. Private money sources and specialty lenders fund them. Interest rates and points on such loans are usually higher than conventional loans. Terms range from 12 to 60 months. Hard Money loans have one basic requirement. There has to be some substantial equity in the property to give the lender a reason to invest their funds in your real estate.

Q. How does the program work?

A. There are four easy steps to our loan process:

  1. Call us
  2. Discuss loan with our specialist
  3. Agree on a loan plan
  4. Complete the loan file and close.

Q. What are the costs?

A. There is an origination fee and the typical closing costs associated with a real estate loan.

Q. How do you decide how much to loan?

A. We can loan up to sixty five (65) percent of the appraised value.

Q. Where do you loan?

A. We loan throughout the state of Florida.

Q. How much will my payments be?

A. You will pay interest only plus escrows for taxes and insurance.

Q. Will you finance commercial properties?

A. Yes.

Q. Will you finance apartment buildings?

A. Yes.

Q. Do you allow interest to be deferred to the end of the loan?

A. No.

Q. Do you require a survey?

A.  Yes.

Q. What paperwork do I need?

A. Fill out the online application. We will contact you usually within twenty four hours.

Q. Do you loan on rural property?

A. Yes.

Q. Do you lend on properties in the flood zone?

A. Yes,  flood insurance is required.

Q. Will you loan money in my corporate, LLC?

A. All loans at present are made to corporations and LLC’s only.

Q. Do you pull my credit for each loan?

A. No.

Q. How long does it take to get approved for a loan?

A. Within two days after you have submitted your loan application and documentation, we can usually make a decision.

Q. How long does it take to close the loan once I have been approved?

A. It depends on how long it takes to have a title search completed, get the appraisal and schedule a closing. Always allow yourself plenty of time when writing your contract.

Q. What is the term of the loan?

A. We write 12- 60 month interest only loans.

Q. Do I need to get an appraisal?

A. We will order an appraisal from a qualified appraiser who is familiar with evaluating investment properties. The appraiser will determine an “after repaired value” (ARV) based on the list of repairs that you and or your contractor will be completing.


Q. Do you make loans on rental property?

A. Yes.

Q. What type of insurance do I need on the property?

A. Before closing you will need to have a builders risk or a one-year prepaid hazard policy in place.