Hard Money Lenders Florida

Florida Hard Money Loans for Fix and Flips and Ground Up Construction

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Florida

Fix & Flip Loan

Sample Deal

Loan Amount: $465,000

85% of Purchase + 100% of Rehab

Rate 10.75%
12 Months

Points 2.25%
10 Days to Close

Why We’re The Best Hard Money Lender In Florida

We pride ourselves on being one of the best Florida hard money lenders for Fix and Flips, GUC, Rentals, and Multifamily investments.

Competitive Terms

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We provide competitive Terms on Florida investment property loans.
Florida Fix and Flip Loan Rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.5% to 7.99% and 1.0% Origination Fee.

See our Loan Products Section for a detailed pricing breakdown of each Florida loan product.

Simple Online Application

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Real Estate investors can apply online, get pre-approved, or schedule a call in 2 minutes. Working with Ridge Street is simple and fast.

Start your simple online application today. Learn More

Quick Turn Around

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Our team is always available to take your call. If you submit a Quick Application or a Pre-Approval Application we’ll get back to you within 1 business hour. We can fund your project in 7 days.

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Reliable Financing

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Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”

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Florida Hard Money Loan Products

Florida Fix and Flip Loans

Funding For Purchase + Rehab

$50,000 up to $3,000,000

Interest Rate 10.5%-11.25%

Origination Fee From 1.5%

Up to 90% of Purchase and 100% of Rehab

Fix and Flip Loans For Beginners Allowed

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Get Approved Online

Florida DSCR Loans

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-7.99%

Origination Fee From 0.5%

Up to 80% of LTV

Short Term Rentals and Long Term Rentals

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Get Approved Online

Ground Up Construction

For New Builds and Construction Completion

Up to $3,000,000

Interest Rate 10.99%-12.25%

Origination Fee From 2.0%

Up to 75% of Purchase and 100% of Construction

Up to 90% of LTC

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Get Approved Online

Florida Hard Money Loan process

Our lending process for Florida investment properties is simple and quick. Ridge Street closes loans in as little as 7 business days.

Apply Or Get Pre-Approved Online

~ 2mins

Fill out a 2 Min Quick App with info about your Florida based project. We need some preliminary information so that we can accurately evaluate your deal.

If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from on of our team members, select an option below.

Request A Term Sheet | Get Pre-Approved | Schedule A Call

Hard Money Loan Process Step 2 Container

Receive your term sheet

~ 2mins

Once we have your completed application, we’ll email you the term sheet and give you a call to provide confirmation.

Hard Money Loan Process Step 3 Container

Submit Docs

~ 1-7 days

Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin underwriting the loan. We have a low document program with no income statement documentation.

Appraisal or BPO

~ 2-7 days

Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days.

Hard Money Loan Process Step 5 Container

Closing

~ 1-3 days

Once we have the completed document package, we'll schedule your closing within 1-3 business days.

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Featured Florida Hard Money Loan

State

Loan Type

Loan Amount

Loan Amount (if applicable)

Rate

Points

Florida Deal Summary

This 3-bedroom, 2-bathroom property in Tampa was purchased directly from the MLS for $230,000. The investor planned a $45,000 renovation focusing on curb appeal and interior updates to maximize value. With an after-repair value (ARV) of $360,000, this project showcased a clear path to profitability. Ridge Street Capital provided flexible financing to support the investor’s vision.

Keyword Highlights:

Investor-Friendly Terms: Funded 85% of the purchase price and 100% of the $65,000 rehab budget.
Fast Closing: Closed within 10 days, ensuring the investor secured the deal quickly.
Strong Market Demand: The updated property was well-positioned for a competitive resale in Tampa’s active market.

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What are hard money loans used for in Florida?

Florida

1. Jacksonville

2. Orlando

3. Tampa

4. Fort Lauderdale

5. Miami

What are Hard Money Loans Used For In Florida?

Real Estate Investors in Florida use hard money loans to purchase, rehab, and construct investment properties.
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A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
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Hard money loans allow Florida real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
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For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Florida real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Real Estate Investors in Florida use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Florida real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Florida real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Best Cities To Invest In Real Estate
In Florida

Orlando

Orlando, FL, presents a compelling case for real estate investment driven by substantive metrics. Its status as the theme park capital of the world ensures a robust tourism sector, with over 75 million annual visitors generating consistent demand for lodging and rental properties. The city's economic diversity, spanning technology, healthcare, and aviation, fosters resilience and opportunities for investment across various sectors. Investors can capitalize on Orlando's dynamic market landscape for long-term success with rental and fix-and-flip real estate strategies.

Get a loan In Orlando

Tampa

Tampa shines as a top-tier real estate investment hub, boasting a stable economy fueled by major companies like Johnson and Johnson and Amgen. With a wide range of property options, from affordable investments to luxury residences, Tampa caters to diverse investor preferences. The city's downtown redevelopment projects, such as Water Street Tampa and the University of South Florida's College of Medicine, offer unique investment opportunities. Combined with consistent property appreciation and landlord-friendly regulations, Tampa stands out as an ideal destination for property investors seeking long-term growth and stability.

Get a loan In tampa

Miami

Miami's real estate market is on fire, with property values soaring and demand reaching new heights in 2024. Fueled by a strong economy, steady mortgage rates, and global interest, Miami has become a hotbed for real estate investment this year. Despite rising prices, savvy investors can still find hidden opportunities, especially in up-and-coming neighborhoods and renovation projects. With its vibrant lifestyle, multicultural appeal, and booming rental market, Miami remains a top destination for real estate investment, offering both luxury and value to buyers and sellers alike.

Get a loan In miami

Jacksonville

Jacksonville, FL, is a standout market for real estate investors, offering strong BRRRR (Buy, Rehab, Rent, Refinance, Repeat) potential. With affordable property prices, a steady population influx, and a growing economy anchored by logistics, healthcare, and finance, Jacksonville provides an ideal environment for value-add strategies. Older properties in neighborhoods like Murray Hill and Arlington offer opportunities for cost-effective rehabs, while the city’s strong rental demand ensures stable cash flow. Jacksonville’s combination of low acquisition costs, rising home values, and landlord-friendly regulations makes it a prime market for BRRRR investors seeking scalability and long-term growth

Get a loan in Jacksonville

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Florida?

To qualify for a hard money loan in Florida with Ridge Street you need:

A Credit Score of 640+
A profitable deal with at least a 10% ROI
An LLC or a Corporation Registered In Florida

What types of properties can I finance with a hard money loan in Florida?

Ridge Street finances the following property types:

Residential 1-4 Units
Multifamily 5-50 Units
Commercial (Select properties)

What are the interest rates and terms for hard money loans in Florida?

“Depending on the sponsors experience and credit profile Rates Range from 10.5%-11.5%. Ridge Street’s median rate for a hard money loan on a fix and flip in Florida is 10.75% interest only with no pre-payment penalty.

How fast can I get a hard money loan in Florida?

Ridge Street closes hard money loans in as little as 10 days.

Are there any state-specific regulations for getting a hard money loan in Florida?

Ridge Street’s hard money loans are business purpose loans. This means that we can only lend to borrowers with entities (LLC or Corp) registered in Florida.

Can I use a hard money loan to finance a fix and flip in Florida?

Absolutely. This is the main use of a hard money loan in Florida.

What is the loan-to-value (LTV) ratio for a hard money loan in Florida?

There are a number of ratios that Ridge Street uses to determine the Loan Amount. Put simply, for a first time investor we finance up to 80% of the Purchase + 100% of the Rehab. For an experienced investor, we finance up to 90% of the Purchase + 100% of the Rehab.

Can I use a hard money loan to finance a rental property in Florida?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan. If the property is rent ready at purchase, there is no need for a hard money loan and you can go straight into DSCR financing.

Other Resources You’ll Like

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Fix and Flip Calculator

Use this Fix and Flip Calculator to analyze the profit of your next fix and flip project.

July 31, 2024

BRRRR Calculator

Use this interactive BRRRR Calculator for evaluating your investment property deals in minutes.

July 9, 2024

Best Fix and Flip Loans for First-Time Investors

What makes a good Fix and Flip Loan for a first time investor and how to secure this capital?

Hard Money Lenders Florida

Why We’re The Best Hard Money Lender In Florida

Competitive Terms

Simple Online Application

Quick Turn Around

Reliable Financing

Florida Hard Money Loan Products

Florida Fix and Flip Loans

Florida DSCR Loans

Ground Up Construction

Florida Hard Money Loan process

Apply Or Get Pre-Approved Online

Receive your term sheet

Submit Docs

Appraisal or BPO

Closing

Featured Florida Hard Money Loan

Florida Deal Summary

What are hard money loans used for in Florida?

Florida

What are Hard Money Loans Used For In Florida?

Best Cities To Invest In Real Estate In Florida

Orlando

Tampa

Miami

Jacksonville

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Florida?

What types of properties can I finance with a hard money loan in Florida?

What are the interest rates and terms for hard money loans in Florida?

How fast can I get a hard money loan in Florida?

Are there any state-specific regulations for getting a hard money loan in Florida?

Can I use a hard money loan to finance a fix and flip in Florida?

What is the loan-to-value (LTV) ratio for a hard money loan in Florida?

Can I use a hard money loan to finance a rental property in Florida?

Other Resources You’ll Like

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

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Fix and Flip Calculator

BRRRR Calculator

Best Fix and Flip Loans for First-Time Investors

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Best Cities To Invest In Real Estate
In Florida

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