RECENTLY FUNDED HARD MONEY LOANS
Check out some of our recently funded Hard Money Loans
Most Recent Loans | Previous Funded Loans
DAVIE, FLORIDA
Address: Davie, FL 33331
ARV: $530,000 (As-is)
Loan Amount: $255,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 13%
LTV 49%
Borrower Profile: Experienced Investor
Work Description: Refinance
Loan Purpose: Foreclosure Bailout
June 28, 2024
We recently assisted a local business owner with refinancing a loan for their corner lot in Southwest Ranches, FL. The borrower originally acquired the lot from a local realtor. However, the realtor decided to call the Note early after selling several lots. Uncertain about his plans for the land, the borrower sought our assistance. The current note holder advised the borrower to refinance as soon as possible due to a gentleman’s agreement. Unbeknownst to the borrower, after missing the May payment, the loan was placed into foreclosure. We helped the borrower reduce the payoff amount and quickly facilitated a rate and term refinance with a loan amount of $255,000, resulting in a 49% loan-to-value ratio. Despite finding himself in a predicament, the experienced investor reached out to us in time. We provided $10,000 towards closing and foreclosure costs, and the borrower covered the rest at closing. This loan was funded in June of 2024.
KATHLEEN, FLORIDA
Address: Kathleen, FL 33849
ARV: $2,400,000 (As-is)
Loan Amount: $750,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 32%
Borrower Profile: Business Owner
Work Description: Business Capital
Loan Purpose: Cash Out
June 27, 2024
These clients contacted us to carry out a cash-out refinance on their primary residence for business purposes. They have recently acquired a new business and needed an additional six months’ worth of capital to expand it. They provided us with an estimate of the amount they needed to borrow while waiting for current invoices to be paid in full. We offered them the $750,000 they needed immediately, with an interest-only rate of 13% and a 6-month prepayment penalty. Once they receive the expected invoices and regain their capital, they plan to refinance into a traditional loan within the next 12 months.
MAITLAND, FLORIDA
Address: Maitland, FL 32751
ARV: $3,275,000 (As-is)
Loan Amount: $1,550,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV: 46%
Borrower Profile: Business Owner
Loan Purpose: Rate & Term Refinance
June 27, 2024
The borrower has been constructing medical buildings in the Seminole County area for over forty years. This property is their most recent completed project. A local family office we work with chose not to fund the loan, so they gave us the opportunity to fund it. The property is owner-occupied and serves as the location of his main office. With construction recently finished, the note for their current mortgage also came due. Their original plan was to sell a different medical complex to pay off the lien for this complex. However, they ran out of time before they had a chance to sell the last medical complex they built. They reached out to us as they just needed a short-term bridge loan to buy them the time they needed to sell the other building. We provided them with $1,550,000 at 13% interest only for a 12-month term without hesitation. This loan was funded in June of 2024.
MICCO, FLORIDA
Address: Micco, FL 32976
ARV: $425,000 (As-is)
Purchase Price: $413,000
Loan Amount: $200,000
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 49%
Borrower Profile: Investor
Work Description: Fixer-Upper
Loan Purpose: Purchase
June 17, 2024
We recently helped a buyer purchase an investment property from his neighbors who were looking to sell their home. The buyer plans to fix this property & then rent it out. His exit plan is to refinance into a DSCR loan in 1 year. The investor put 50% down, we offered a loan amount of $200,000, which is a 49% LTV – for a term of 12 months with an interest only interest rate of 12% and a pre-payment-penalty for six months. This loan was funded in June of 2024 & only took 10 days to close!
Lake Mary, Florida
Address: Lake Mary, FL 32746
ARV: $675,000 (As-is)
Loan Amount: $270,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 13%
LTV 40%
Borrower Profile: Experienced Investor
Work Description: Business Purpose
Loan Purpose: Cash Out
June 17, 2024
This local Canadian entrepreneur / investor bought this home cash for $690,000 in 11/2023. He recently needed cash out for business capital & we were able to facilitate him with a $270,000 loan at 13% Interest Only for 24 months with a 6 month pre-payment-penalty. He plans to pay this loan back in full w/ the capital gains from his business over the next 2 years. This loan funded 6/17/2024, we were able to close him in just 9 days!
VERO BEACH, FLORIDA
Address: Vero Beach, FL 32967
ARV: $2,500,000
Loan Amount: $1,000,000
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 40%
Borrower Profile: Experienced Investor
Work Description: Rehab
Loan Purpose: Additional $300K Cash-Out
May 09, 2024
We recently assisted a real estate investor in Vero Beach with a loan of $700,000. When he first approached us, he requested a $1 million loan, but we advised against it. We explained that we could provide $700,000 initially and if he still needed the additional $300,000 four months later, we would likely be able to accommodate his request. This approach was designed to save the borrower money if he still needed the additional funds later on. Recently, he returned to us and we not only provided the additional $300,000 he needed, but we also saved him $12,000 and extended his loan until April 2026. He is satisfied with the outcome. Exit Strategy: The borrower intends to fully pay off the loan before the 24-month term ends.
FORT LAUDERDALE, FLORIDA
Address: Fort Lauderdale, FL 33308
ARV: $3,290,000 (As-is)
Loan Amount: $1,869,500.00
Loan Structure: 12 Months, Interest Only
Interest Rate: 13%
LTV 57%
Borrower Profile: Experienced Investor
Work Description: Loan Extension
Loan Purpose: Cash Out
May 30, 2024
Last June, we provided financing for an 8-unit, 18-room hotel in Ft. Lauderdale, FL. When they approached us last year, we provided financing for $1,800,000. After purchasing the property, they began renovations. During the process, the contractor stole $250,000. Initially, they planned to refinance after a year into a 30-year fixed mortgage. However, as their current loan’s maturity date approached, they requested a 12-month extension for another year. They reached out to us and explained that their original plan had failed, and they requested a new loan for twelve months. We assured them that it was not a problem and offered them a 12-month loan extension. Everything else remained the same, including the 13% Interest Only Rate and a 6-month Pre-payment penalty, except for the loan amount, which was increased to $1,869,500 to cover costs..
ORLANDO, FLORIDA
Address: Orlando, FL 32835
ARV: $5,000,000 (As-is)
Purchase Price: $2,700,000
Loan Amount: $1,620,000
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 60%
Borrower Profile: Business Owner
Work Description: Commercial Building
Loan Purpose: Purchase – Office Building
May 03, 2024
We recently helped a local Mortgage Broker/Insurance Agency purchase the building they have occupied for a while. We are familiar with the broker as we had already closed two deals with them in the previous year. They decided to buy the place they were renting once they heard it would be a great deal, and the seller’s heirs did not wish to take over the property. The appraised valuation of the property, with all tenants, was $5,000,000, and they could purchase it for $2,700,000.
Before signing the deal, they wanted to confirm their financing options. They called us and asked for 100% financing for the 20,000 sq office building they partially occupy. We explained that it was impossible and offered the terms we could offer. They informed us they had found a mortgage broker who was getting them 100% financing. We conducted some research on the lender and discovered that they were collaborating with another broker. We wished them good luck.
A few weeks later, they called us back and informed us that we were right—the broker could not get them the 100% financing they had promised. They asked if we could offer them the previous terms we had suggested, which we did. It was a 60% LTV 1st mortgage for $1,620,000 with a 13% Interest-Only rate and a 6-month Pre-Payment Penalty. We closed the loan within the contract timeframe, in just ten days.
Their exit strategy is to refinance into a more favorable long-term mortgage loan.
Clewiston, FL
Address: Clewiston, FL 33440
ARV: $146,400 (As-is)
Loan Amount: $50,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 35%
Borrower Profile: Experienced Investor
Work Description: Upgrade Properties
Loan Purpose: Cash Out
April 30, 2024
We recently assisted a real estate investor in Clewiston, FL with a cash-out refinance. The borrower reached out to us to inquire about a cash-out refinance despite having bad credit. She had fallen ill and was struggling to keep up with her finances. She originally thought that her property was owned free and clear, but later found out that it had three associated liens. Since she had purchased the property through a certificate of title sale, she was responsible for clearing the liens. We helped her clear the liens, saving her over $50,000, excluding any interest from a 2013 lien. We offered her a $50,000 cash-out refinance loan without needing an appraisal due to the low loan-to-value ratio. We estimated the property’s value to be $146,400, resulting in a 35% loan-to-value ratio. The loan term is for 24 months with a 6-month pre-payment-penalty. The loan was funded in April 2024, and the funds will be used for light renovations and updating the property. The borrower plans to improve her credit with our expert credit professionals and then refinance with a DSCR loan in the next 12-24 months
OCALA, FLORIDA
Address: Ocala, FL 34481
ARV: $1,500,000 (Appraised)
Loan Amount: $375,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 25%
Borrower Profile: Experienced Contractor
Work Description: New Projects
Loan Purpose: Cash Out
April 22, 2024
A local contractor in Ocala purchased a 10-acre property and recently built a new ranch-style home on it. The home was appraised for 1.5 million dollars and is currently listed for sale for 1.8 million dollars. The contractor has two other similar projects in the area that need funding, and as they ran short on capital, they decided to opt for a cash-out refinance on this property instead of collateralizing multiple properties. This way, they can keep the other two projects going until the property sells. The contractor had already obtained title prior to contacting the lender, making it easy and quick to secure a loan of $375,000 in just four days.
Fort Lauderdale, FL
Address: Ft. Lauderdale, FL 33315
ARV: $492,200 (As-is)
Loan Amount: $282,500.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 58%
Borrower Profile: Foreign Investor
Work Description: Business Purpose
Loan Purpose: Cash-Out Refinance
April 19, 2024
A foreign national investor with 30 years of experience doing business in the US required immediate funding for a large purchase order, but needed more capital. We were able to help by refinancing his primary residence for $282,500 and closing the loan in just six days to meet his deadline. This was a significant achievement considering the short window timeframe given. The loan includes a 6-month pre-payment penalty, which gives him time to recover his business capital.
ORLANDO, FL
Address: Orlando, FL 32817
ARV: $417,500 (As-is)
Loan Amount: $235,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 56%
Borrower Profile: Landlord
Work Description: Current Note Expired
Loan Purpose: Rate & Term Refi
April, 1, 2024
We recently assisted a real estate investor in Orlando, Florida who was facing identity theft and a low credit score. He needed to refinance his current mortgage, which was due to expire in April 2024. We provided him with a $235,000 loan for a term of 12 months at an interest-only rate of 12%. The loan came with a six-month pre-payment penalty but did not require an appraisal. Additionally, we helped him clear the open permits that were blocking his title, which could have led to a mortgage default. The investor plans to work on improving his credit score and refinance through DSCR in the coming year.
Palm Beach Gardens, FL
Address: Palm Beach Gardens, FL 33418
ARV: $2,599,990 (As-is)
Loan Amount: $1,695,000
Loan Structure: 12 Month – Bridge Loan
Interest Rate: 12% Interest Only
LTV 65%
Borrower Profile: Experienced Investor
Description: New Construction
Loan Purpose: Purchase – 1031 Exchange
March 13, 2024
A real estate investor had entered into a purchase agreement for a new construction property in Palm Beach Gardens, FL with the intention of selling another property using a 1031 Exchange tax advantage. The new purchase price was $2,599,990. However, he was unable to sell his other property within the required timeframe to finance the new purchase. So, he approached us for help, and we quickly accommodated his request by providing him with a 12-month bridge loan with a loan-to-value ratio of 65%. The loan amount was $1,695,000 with an interest rate of 12%, and it was interest-only with a six-month pre-payment penalty. We were able to close the deal within a short time frame of just 8 days, and he was able to secure his new asset while complying with all of the 1031 exchange rules within the required timeframe..
Sunny Isles Beach, FL
Address: Sunny Isles Beach, FL 33160
ARV: $835,000 (As-is)
Loan Amount: $200,000.00
Loan Structure: 12 Months
Interest Rate: 12% Interest Only
LTV 24%
Borrower Profile: Experienced Investor
Work Description: Business Purpose
Loan Purpose: Cash Out
March 12. 2024
We recently helped this real estate investor in Sunny Isles Beach, FL, with the cash out needed for an additional project they’re working on. We did a very quick refinance on their free and clear property worth $835,000. We lent them the $200,000 they needed with a $10,000 Holdback and a 3-month Pre-payment penalty. The loan term was for 12 months with an interest rate of 12%—interest Only.
Valrico, FL
Address: Valrico, FL 33596
ARV: $516,000 (As-is)
Loan Amount: $160,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 31%
Borrower Profile: Investor
Description: Note Expired
Loan Purpose: Rate & Term Refinance
March 05, 2024
This borrower resides in California and has owned an investment property in Valrico, FL for some time. Her current mortgage note was about to come due. Before finding us, she hired a credit repair company to help clean up her credit, as she had a late payment that needed to be reviewed and some maxed-out debt. She hired the company in advance, knowing that fixing these issues was necessary for her to be able to refinance. Unfortunately, the credit repair company gave her the runaround until just before her note came due, at which point she found us. We paid off her loan quickly, before the note was due, and provided her with a $160,000 loan amount. The loan has a 6-month prepayment penalty at a 12% interest-only rate over a 24-month term. Over the next 12-24 months, she plans to hire our credit restoration company to improve her credit and enable her to refinance into a DSCR loan, hopefully as soon as next year.
Kissimmee, FL
Address: Kissimmee FL 34741
ARV: $551,100 (BPO Value)
Loan Amount: $265,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 48%
Borrower Profile: Landlord
Work Description: Update Property
Loan Purpose: Cash Out
March 04, 2024
This landlord has owned the property for over 30 years and needed some cash to make repairs and updates in order to increase the rental income. Unable to secure traditional financing, she reached out to us and we were able to provide her with the cash she needed right away based on the BPO value. We offered her a $265,000 loan at a 12% interest-only rate with a 6-month pre-payment penalty. After the renovations, the rental income is expected to increase, and she plans to pay off the loan in full at the end of the 12-month term.
Naples, FL – INVESTMENT
Address: Naples, FL 34119
ARV: $1,212,000 (As-is)
Loan Amount: $660,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 55%
Borrower Profile: High-End Developer
Work Description: Rehab
Loan Purpose: Purchase
February 2024
A local investor had watched the neighboring property for over a decade. When he finally got the opportunity to purchase it, he realized that it required a complete renovation. Initially, he intended to apply for a traditional loan, but the property needed a new roof, and he was unable to get insurance for it. Without insurance, he couldn’t get approval for a traditional loan. The investor had a broker from California who helped him search for alternative financing options. In the meantime, he asked the seller if he could use his own funds to repair the roof, so he could apply for a traditional loan. However, the seller refused to allow an extension to the contract. Although the investor had enough capital to pay for the property himself in cash, he didn’t want to use all of his capital for this project. That’s where we came in – we provided him with the $660,000 he needed at an interest rate of 12%, interest-only for 12 months with a 6-month pre-payment penalty. The title and lien search was already completed, which allowed us to close the loan in just 4 days.
Tallahassee, Florida - Investment
Address: Tallahassee, FL 32309
ARV: $512,000 (As-is)
Loan Amount: $220,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 43%
Borrower Profile: Experienced Investor
Work Description: Construction Project
Loan Purpose: Cash Out
February 05, 2024
We assisted an experienced investor by providing a $220,000 mortgage to help complete a new construction project on a home they purchased in Tallahassee, FL. At the time of approaching us, the project was about 80% completed, and the investor needed additional funds. We offered a mortgage with a loan-to-value ratio of 43% at a 12% Interest Only Rate over a 12-month term, with a 6-month pre-payment penalty.
1998 Hawker 800XP, Florida Investment
Address: Miami, FL 33129
ARV: $2,490,000 (As-is)
Loan Amount: $800,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 35%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
October 8, 2023
