The Best Florida Hard Money Lenders Include M&M Private Lending, Capital Funding Financial, and EquityMax
Over the past few years, Florida has consistently been one of the hottest destinations for real estate investing in the United States. If you’re looking to buy property in the Sunshine State, a hard money loan could be a perfect choice.
From mid-2021 to mid-2022, Florida's home median values grew a staggering 33.1% to more than $378,000, which can be partially attributed to the massive influx of new residents from states like New York and New Jersey. Many new residents have been drawn to Florida’s sunshine, low taxes, and investor-friendly regulations, and this influx of new homeowners is expected to stay steady or even increase over time, which could lead to even higher real estate prices.
Institutional investment in single-family homes in Florida is likely another driver for increased home prices. Combined, these factors have made investing in Florida real estate more popular than ever. Some of the most popular cities for Florida real estate investment include Jacksonville, Tampa, Miami, Orlando, and Fort Lauderdale.
Unfortunately, getting financing for real estate investment properties can be a significant challenge, particularly if you’re working with banks and traditional lenders, which is why so many have turned to hard money loans instead.
In fact, the popularity of Florida real estate investing may be why Florida appears to have the largest number of hard money lenders in the country, with more than 30 hard money and private money lenders listed on Google alone.
In this article, we’ll review the top 20 hard money lenders in Florida to give you a broad and balanced perspective on your financing options. We include important information, including loan programs, approved property types, maximum LTV allowances, and interest rates, to save you time and give you the fullest picture of each lender.
1. M&M Private Lending Group
Boca Raton-based M&M Private Lending Group has been consistently ranked as one of the best hard money lenders in Florida. In addition to Florida-based lending, they also lend to borrowers in Colorado, New York, Massachusetts, and Texas.
The company funds loans for traditional purchases, refinances and cash-out refinances, short-term loans, bridge loans, fix and flip loans, and equity lines of credit. Eligible property types include single-family homes, condos, and hotel condos, mixed-use properties, industrial and warehouse properties, multifamily and apartment properties, offices, office condos, and medical office condos. In addition to real estate financing, the company also offers marine and private yacht loans.
Typical loan terms include:
Loan Amount: $75,000 to $5 million
Loan Term: 12, 24, or 36 months
LTV: Up to 70%
Interest Rates: 10-13%
Interest Only: Most loans are interest only
Timeline: Approval in as little as 48 hours, funds disbursed in as little as 4 days
M&M Private Lending Group is currently led by CEO Michael Internoscia, who has over 20 years of real estate experience.
2. Capital Funding Financial, LLC
Capital Funding Financial is another highly rated Boca Raton-based hard money lending firm. However, unlike most other companies on this list, they mainly act as a broker for other lenders rather than directly lending their own capital.
Capital Funding Financial offers a wide spectrum of lending options, including traditional hard money loans, fix and flip loans, long-term rental investment loans, small balance commercial real estate loans, commercial bridge loans, multifamily bridge loans, ground-up construction financing, and foreign national loans.
Eligible property types include single-family and nearly all types of commercial real estate, including multifamily, retail, office, mixed-use, and hospitality. Cash-out refinances are also available in some situations.
Typical loan terms include:
Loan Amount:
Hard Money Loans: $75,000 to $25 million
Fix and Flip Loan: $75,000 to $10 million
Rental Investment Loans: $75,000 to $5 million
Ground-Up Construction: $5,000 to $150 million
Foreign National Loans: $150,00 to $10 million
Max. LTV:
Hard Money Loans: 80% LTV
Fix and Flip Loan: 90% LTV
Rental Investment Loans: 80% LTV
Ground-Up Construction: 90% LTC
Foreign National Loans: 80% LTV
Term Length: 6-36 months for hard money loans, up to 30 years for long-term rental loans
Interest Rates: 4.5-7.5%
Interest-Only: Hard money loans are interest only
Timeline: As little as 3 days for hard money, up to 28 days for construction
Capital Funding Financial is currently led by CEO Raphael Solomon.
3. EquityMax
EquityMax is a popular Fort Lauderdale-based national hard money lender. The company boasts a speedy process that can pre-qualify candidates in ten minutes or less and provide funding within 48 hours.
EquityMax provides a wide scope of lending programs, including fix and flip loans (including cash-out refinances), foreign national loans, transactional funding, rural area loans, small loans, modular and manufactured housing financing, industrial and warehouse loans, and acreage and vacant lot hard money loans.
Unlike most other hard money lenders, EquityMax also has a non-recourse loan program that allows individuals to invest in real estate utilizing their self-directed IRA.
Their fix and flip loan program provides terms including:
Loan Amount: $25,000, no maximum
Loan Term: Up to 17 years
LTV: Up to 90% LTV or 65% ARV
Interest Rates: Start at 9%
Origination Fee: 2%
Credit Check: Not required
EquityMax is currently led by President Brad Emmer.
4. A to Z Capital
Based in Boca Raton, A to Z Capital is both a hard money lender and an FHA, VA, and conventional lender. Their hard money loan program provides capital for both single-family, multifamily, and all types of income-producing commercial properties. They also provide long-term rental financing, fix and flip financing, and Airbnb financing for short-term rental properties.
Their hard money loan terms typically include:
Loan Amount: $50,000 to $3 million
Loan Term: Varies
LTV: Up to 75% LTV
Interest-Only: Interest-only options are available.
Origination Fee: 2%
Credit Check: Required, but no minimum score requirement.
Timeline: Most loans close in 7-10 business days.
In contrast, their popular fix and flip loan program offers loans up to 90% LTC and up to 75% of ARV, starts at $75,000, and takes slightly longer to close, with an average closing time of 12-15 days.
A to Z Capital funds properties around the United States, with the notable exceptions of Alaska, Hawaii, Idaho, Maine, Montana, Nevada, New York, North Dakota, Puerto Rico, South Dakota, Utah, and Vermont. While they lend Illinois, Maryland, and New Jersey, borrowers must have a credit score of 725 and loans cannot exceed $150,000.
A to Z Capital is currently led by owner Johanna Fonesca.
5. RBI Private Lending
RBI Private Lending is an Aventura-based private money lender offering bridge loans, fix, and flip loans, new construction loans, rental property loans, land loans, and commercial real estate loans. Unlike many hard money lenders, they require credit checks and bank statements from potential borrowers. However, they offer rates that are significantly lower than the market average.
Typical loan terms include:
Loan Size:
Bridge Loans: Up to $10 million
Fix and Flip Loans: Up to $5 million
Rental Loans: Up to $3 million
LTV/Leverage: 75%
Bridge Loans: 75% max.
Fix and Flip Loans:
Experienced Investors: The lesser of 85% LTC/75% ARV
Inexperienced Investors: The lesser of 80% LTC/65% ARV
Loan Term:
Bridge Loans: 12-24 months
Fix and Flip Loans: 12-18 months
Rental Loans: 30 years
Interest Rates:
Bridge Loans: 7.99%+
Fix and Flip Loans: 7.99%+
Rental Loans: 6.50%+
Bridge and fix and flip loans are available for condos, single-family homes, multifamily properties, condo hotels, and other properties on a case-by-case basis. In contrast, long-term rental loans are only available for condos, single-family, 2-4 unit properties, and townhomes. RBI does not generally offer interest-only loans, but, on the upside, the firm’s loan products do not carry prepayment penalties.
RBI Private Lending is currently led by CEO Ernesto Rostoker.
6. Monroe Funding Corp.
Monroe Funding Corp. is a direct hard money lender based in Fort Lauderdale, FL. They have no minimum loan amounts, and loans can be pre-approved in as little as one hour. The company mainly provides financing for single-family homes, multifamily assets, and small commercial properties. For fix and flip loans, origination points can be rolled into the total loan amount to reduce a borrower’s closing costs. Monroe Funding Corp. also offers significant loan extensions for investors who want longer-term rental property financing.
Monroe Funding Corp. is currently led by CEO Doug Williams.
7. Taylor Made Lending
Taylor Made Lending is an Oakland Park-based private lending firm offering a wide array of hard money loan products. Options include fixed and flip loans, construction and land development loans, and multifamily and commercial real estate loans. They also offer non-recourse loans, foreign national loans, and bridge loans and will consider all property types.
Typical terms include:
Loan Size: $100,000 to $10 million
Loan Term: 2-3 years
LTV: Up to 70%
Interest Rate: 8.99%-12%
Taylor Made Lending is currently led by owner Taylor Made.
8. Hard Money Lenders IO
Hard Money Lenders IO, also referred to as Hard Money Lenders, is a North Miami Beach-based hard money lender offering fix and flip loans, rental property loans, hard money construction loans, cash-out refinances, foreign national loans, commercial hard money loans, and bridge loans.
Their loan terms include:
Loan Size: $100,000 to $5 million
Loan Term: 3 months to 2 years
LTV: Up to 75% ARV (after-repair value)
Interest Rate: 9%-12%
Origination Points: 0-2%
Credit Score: Minimum 600 credit score required
Cross-collateralized and blanket loans are permitted. Eligible property types include single-family, multifamily, and mixed-use.
9. The Associates Home Loans of Florida, Inc.
The Associates Home Loans of Florida is a Tampa-based hard money lender focusing on hard money loans, private money loans, and loans for individuals with bad credit. They also provide more conventional lending products, like FHA, VA, and jumbo loans, as well as home equity loans.
Their hard money loan program is focused on helping borrowers with bad credit or no credit history, do not meet conventional financing guidelines, need to close a deal quickly, are delinquent on a current mortgage, have recently gone (or are undergoing) bankruptcy proceedings, or have difficulty verifying their income. LTVs for their hard money program go up to 65%.
The Associates Home Loans of Florida is currently led by CEO Frank Grimes.
10. BridgeWell Capital
BridgeWell Capital is a highly-rated Orlando-based hard money lender offering fix-and-flip loans, fix-to-rent loans, cash-out refinances, multifamily loans, and commercial real estate loans.
Fix-and-flip loan terms include:
LTV: Up to 100% of rehab costs, up to 75% ARV
Interest Rate: Starting at 5.95%
Credit Score: Poor credit permitted
Prepayment Penalties: None
Closing Timeline: 10 days
Rental loans offer similar terms, with LTVs up to 80% (up to 65% for cash-out refinances), as well as offering terms up to 30 years. Portfolios are permitted.
11. Birchwood Loans
Birchwood Loans is a Tampa-based hard money lender with over 30 years in the industry. Hard money loan interest rates range between 7.9% to 12.95%, with LTVs up to 60-70%. Loan terms range from 1 to 30 years. In addition to hard money loans and investment property loans, Birchwood also focuses on bad credit financing and commercial real estate loans.
Birchwood Loans is currently led by CEO Robert Goldstein.
12. DKC Lending LLC
DKC Lending LLC is another Tampa-based hard money lender offering fix and flip loans, new construction loans, fix and lease loans, non-recourse loans, manufactured housing loans, and transactional funding.
Typical fix and flip hard money loan terms include:
LTV: Up to 70% of the purchase price, up to 50% of repair cost
Loan Term: 1 – 2 years, interest-only
Interest Rate: 10-12%
Loan Origination Fee: 2-4%
Closing Timeline: As little as 3 days
Construction loans can finance up to 100% of construction costs or 50% of the land cost and 70% of the construction costs, with terms of 8-12 months, rates of 10-13%, and origination fees of 4-6%. Non-recourse loans go up to 50% LTV with rates between 12-18% and terms of 6-24 months. Transactional financing offers up to 100% LTV, provides loans within 24-48 hours, and can provide loan amounts between $50,000 and $5 million,
DKC Lending is currently led by Founder and CEO David Clemens.
13. London Financial Company
London Financial Company is a Key Biscayne-based hard money lender with a focus on providing hard money loans and private construction financing.
The company haas over 15 years of lending experience and primarily focuses on lending to borrowers in the South Florida area
Typical loan terms include:
LTV: Varies based on deal and risk
Loan Term: 1 – 2 years, interest-only
Interest Rate: 9-12%
Loan Origination Fee: 1-2%
Closing Timeline: As little as 3 days
London Financial Company is currently led by CEO Edward London.
14. Insource Funding
Insource Funding is a Boca Raton-based nationwide direct private money lender. Their four main loan programs include fix-and-flip, rental, commercial, and bridge loans.
Terms for their fix and flip loan program include:
Loan Size: $150,000 to $3 million
LTV: Up to 80%, including 100% of rehab costs, up to 75% for non-rehab bridge loans
Loan Term: 12-24 months, interest-only
Loan Origination Fee: 1-2%
Closing Timeline: As little as 3 days
Property types include single-family homes, condos, townhomes, 2-4 unit residential properties, and 5+ unit multifamily properties. Long-term rental loans have terms up to 30 years.
Insource Funding is currently led by CEO Jerry Starr.
15. Titan Funding
Titan Funding is a commercial hard money lender based in Boca Raton. They offer hard money loans, residential bridge loans, fix and flip loans, and rental property loans.
Typical terms include:
Loan Size: $100,000 to $5 million
LTV: Up to 100% with cross-collateralization
Loan Term: 1-3 years
Loan Origination Fee: 1-2%
Closing Timeline: As little as 3 days
Titan Funding has a popular bridge-to-perm loan program that allows their hard money borrowers to refinance into a longer-term, 30-year mortgage at the end of their initial loan terms.
Titan Funding is currently led by CEO John Mansour.
16. LendingOne
LendingOne is another direct private money lender based in Boca Raton. Options include rental loans, fix-and-flip loans, portfolio loans for multiple properties, multifamily bridge loans, new construction loans, fix-to-rent loans, and landlord mortgages.
Their fix and flip loan program terms include:
Loan Size: $75,000 to $5 million
LTV: Up to 90% of property purchase price and repairs
Loan Term: 24 months, interest-only
Prepayment Penalties: None
Closing Timeline: As little as one week
Portfolio loans for 5+ properties can provide loan amounts between $500,000 and $50 million, LTVs up to 75%, and terms up to 30 years (5 or 10-year fixed-rate terms for over $2 million). New construction loans are offered from $500,000 to $5 million with terms of 12-24 months.
LendingOne is currently led by CEO Matthew Nessier.
17. Lord Mortgage and Loan
Lord Mortgage and Loan is a conventional and hard money lender headquartered in Boca Raton. They offer a variety of lending products, including hard money loans, FHA loans (including 203k loans), business loans, bad credit mortgages, jumbo loans, reverse mortgages, commercial real estate loans, refinances, and renovation loans. Unlike some lenders, Lord Mortgage & Loan’s hard money loans are non-recourse, meaning that a lender cannot go after a borrower’s personal assets if they default on their loan.
Lord Mortgage & Loan is currently led by Owner and CEO Robert Neadel.
18. Florida Mortgage Solutions Group
Florida Mortgage Solutions Group is a Weston-based conventional and hard money lender offering hard money loans, jumbo loans, commercial real estate loans, FHA loans, VA loans, recent foreclosure loans, reverse mortgages, and international financing. Their hard money loan program offers 3-year, interest-only terms and can include funds for rehab and construction.
Florida Mortgage Solutions is currently led by President Mike Lewis.
19. HG Mortgage
HG Mortgage is another conventional and hard money lender headquartered in Weston. The company offers hard money financing, conventional loans, VA and FHA loans, reverse mortgages, jumbo loans, FHA streamline refinances, and foreign national loans.
Terms generally include:
Loan Term: 6-36 months
Interest Rates: 8-15%
Origination Points: 3-10%
HG Mortgage is currently led by CEO Hermes Garcia.
20. Hard Money Loan Solutions
Hard Money Loan Solutions is a Delray-based hard money lender offering bridge loans, fix and flip loans, commercial hard money loans, mezzanine financing, long-term rental financing, and owner-occupied home loans.
Hard money loan terms include:
Loan Size: $100,000 to $50 million
Loan Term: 1-5 Years, interest-only
Interest Rates: 7-12$
Origination Points: 3-10%
Closing Timeline: 1-2 Weeks
Hard Money Loan Solutions is currently led by CEO Jason Milliken.
Who are the Best Hard Money Lenders in Florida?
Some of the best hard money lenders in Florida include: M&M Private Lending Group, Capital Funding Financial, LLC, EquityMax, A to Z Capital, and RBI Private Lending.
What is a Hard Money Loan in Florida?
A hard money loan is a type of asset-based real estate loan that focuses on a property's value as collateral rather than the borrower's qualifications, such as income or credit score.
Do Florida Hard Money Lenders Require Credit Checks?
Most hard money lenders in Florida do not require credit checks for their basic loan progams, though they sometimes require them for long-term hard money loans and hard money construction loans.
How Fast Can I Get a Hard Money Loan in Florida?
Some lenders fund loans in as little as 24 hours, while others may take up to 3-4 weeks.
What are the Interest Rates for Hard Money Loans in Florida?
Interest rates are generally between 7-13%.