Top Hard Money Lender Florida
Are you looking for a hard money lenders near Fort Lauderdale, Miami and serving all of Florida? M&M
Lending specializes in arranging private loans that are primarily backed by equity.
We provide financing for:
- Real estate and other purchases
- Property refinancing and cash-out
- Short-term and bridge loans
- Equity lines of credit
Most of the loans we arrange use non-owner-occupied rental and investment properties as collateral. In some cases, we may lend on owner-occupied properties while following Florida mortgage regulations. We finance residential and commercial properties, including:
- Single-family homes
- Multifamily homes
- Mixed-use properties
- Office, retail, and condo-office properties
What is a Hard Money Loan?
The term “hard money loan” refers to a private, nonbank property-secured loan. Our hard money loans
are usually short-term are typically used to purchase various types of real estate including rental and investment properties.
Hard money loans can be a solution for individuals who need to be financed quickly, but are not eligible for a traditional loan due to unverifiable income or lack of documentation. Our loans are backed by
equity and have comparatively low Loan-to-Value (LTV) ratio.
To qualify for a hard money loan, all you usually need to have is the down payment or property equity to
act as collateral. Unlike conventional loans, hard money loans require:
- No credit check
- No documentation
- No income statement
Using hard money loans is a common financial strategy with “property flippers” — people who buy real estate to renovate and resell it for a higher price. They often buy properties that cannot be financed traditionally since the homes are in such bad condition. After repairing the house, the profit margin should offset the loan costs and leave a sizable payday for the borrower.
Borrowers who have low credit scores but considerable equity in a property can also use hard money lenders to cash out on their equity and use the cash for other projects.
Pros of hard money loans
- A quick approval process
- Fast access to capital
- Potentially flexible repayment terms
What Makes M&M Lending the Best?
We are a Florida licensed broker and servicing company specializing in private hard money real estate loans. We have over three decades of industry experience and pride ourselves on quick funding, competitive interest rates, and low closing costs compared to industry standards.
Our borrowers get:
- Flexible repayment terms – 12, 24, or 36 months
- Maximum LTV 70%
- Competitive private money interest rates between 9.9% and 13%
- Quickest close times in the industry
Apply for a Private Loan, Get Approved Fast
Get quick access to the cash you need with our hard money lenders! Call us at 305-899-2201 or fill out our website form, and one of our loan specialists will be in touch with you shortly. In most cases, it only takes us 5 minutes of your time to identify potential solutions.