RECENTLY FUNDED HARD MONEY LOANS
Check out some of our recently funded Hard Money Loans
GULF BREEZE, FLORIDA
Address: Gulf Breeze, FL 32563
ARV: $500,000 (As-is)
Loan Amount: $160,000.00
Loan Structure: 36 Months Interest Only
Interest Rate: 12%
LTV 32%
Borrower Profile: Experienced Investor
Work Description:
Loan Purpose: Cash Out
January 16, 2025
The borrower possesses full ownership of the property and conducts his real estate business from this site, which he acquired on February 8, 2012, for the sum of $269,000. Additionally, he owns several rental properties and requires immediate cash to secure another investment property. Given the understanding that this property is valued at over $500,000, particularly in light of recent sales surpassing $222 per square foot, its true potential value may be even higher. We facilitated a cash-out refinance to enable his investments so he could purchase another rental property. A 24-month term with an interest-only rate of 12% was provided.
LAND O LAKES, FLORIDA
Address: Land O’ Lakes, FL 34638
ARV: $302,500 (As-is)
Loan Amount: $130,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 43%
Borrower Profile: Experienced Investor
Work Description: Remodel
Loan Purpose: Cash Out
January 14, 2025
The sponsor, who owns the property outright, has initiated contact to discuss her new business venture that requires additional working capital. Consequently, we have proposed a cash-out refinance on an investment property currently rented at a rate of $1,700 per month. We are offering her a 12-month term with six months of guaranteed interest at an interest rate of 12%.
LAKE PARK, FLORIDA
Address: Lake Park, FL 33403
ARV: $415,000 (As-is)
Loan Amount: $269,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 65%
Borrower Profile: Experienced Investor
Work Description: investment Property
Loan Purpose: Purchase
January 13, 2025
Hard Money Loan Solutions has assisted a regional developer in acquiring this single-family residential investment property as part of their strategic development plan. The developer intends to retain the property as a rental asset for a minimum period of 24 months, after which they will be prepared to demolish the house. We have facilitated a loan with a 24-month term at an interest rate of 12%, structured as interest-only payments.
FORT MYERS, FLORIDA
Address: Fort Myers, FL 33931
ARV: $3,000,000 (As-is)
Loan Amount: $1,550,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 50%
Borrower Profile: Experienced Investor
Loan Purpose: Cash Out
January 16, 2025
The borrower owned a lovely beachfront property outright and was looking to cash out to cover some business expenses. We were excited to collaborate with him on the term sheet and reach an agreement on the terms. However, when we initiated the title and lien search, we found out that he had recently filed for bankruptcy concerning a loan on equipment tied to a business he had just sold. This meant we needed to hold on until he received a discharge from the bankruptcy before we could move forward with closing. After patiently waiting for about three months for the judge to approve both our loan and the bankruptcy discharge, we were absolutely delighted to finally close the deal!
OCOEE, FLORIDA
Address: Ocoee, FL 34761
ARV: $3,400,000 (As-is)
Loan Amount: $1,700,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 50%
Borrower Profile: Business Owner
Work Description: Medical Building
Loan Purpose: Purchase
December 20, 2024
The sponsor is a passionate doctor who has been leasing the 10,034 sq ft. property for a few years now and has a lease option to buy. Recently, they were in the process of applying for an SBA loan but, unfortunately, ran out of time. The good news is, after a friendly local broker reached out to us last week, we were thrilled to fund their loan in just five days! They currently occupy half of the building and are excitedly working on renting out the other half. The purchase price for this amazing property was $3.4 million, and we were more than happy to provide them with a 50% loan based on its value at 12% interest only for twelve months.
MIAMI, FLORIDA
Address: Miami, FL 33133
ARV: $6,000,000 (As-is)
Loan Amount: $1,500,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 25%
Borrower Profile: Experienced Investor
Work Description: Foreclosure Bailout
Loan Purpose: Cash Out
December 13, 2024
About four months ago, a Broker reached out with the hope of helping a client facing foreclosure after some hard-fought negotiations over several weeks. The borrower had been caught up in a lawsuit but, thankfully, came through it successfully just recently. However, he’s now behind on his mortgage payments and is exploring refinancing options. After his legal victory, the borrower is set to receive a generous settlement of $3.5 million in six months. After a few months passed, the Broker contacted me again to see if I might be interested in a loan.
At that point, I decided to reconnect with the sponsor since we had already established communication. The sponsor mentioned he was waiting for some funds from his father to pay off the mortgage. Then, just last Wednesday, both the borrower and the Broker reached out to me, asking if we could finalize things by Friday since the property was set for auction on Monday. I let them know that if the title process was underway, we could make that happen, but it would depend on us inspecting the property on Thursday morning.
We went ahead with the inspection on Thursday and worked hard throughout the day to gather the survey and all necessary documents, including insurance, to ensure the closing could go smoothly. In the end, we successfully closed on Friday, providing the borrower with a mortgage of $1.5 million, which included a three-month interest reserve.
APOPKA, FLORIDA
Address: Apoka, FL 32712
ARV: $430,000 (As-is)
Loan Amount: $258,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 60%
Borrower Profile: Real Estate Investor
Work Description: Update
Loan Purpose: Purchase
December 06, 2024
The borrower approached us for pre-approval before searching for an investment property. They identified their desired home: a 3-bedroom, 2.5-bath, 2100 square foot residence with a garage. Initially listed at $445,000, we successfully negotiated the sales price down to $430,000! Additionally, we allowed the seller to provide a $16,000 credit for maintenance instead of needing it completed prior to closing. We expedited the closing with a loan amount of $258,000 at a 12% interest-only rate for 24 months that included a 6-month prepayment penalty. This loan was funded in December 2024.
LAKE WORTH, FLORIDA
Address: Lake Worth, FL 33467
ARV: $245,000 (As-is)
Loan Amount: $130,000.00
Loan Structure: 36 Months Interest Only
Interest Rate: 12%
LTV 53%
Borrower Profile: Experienced Investor
Work Description: Remodel / Build
Loan Purpose: Cash Out
November 22, 2024
This borrower purchased investment property 10 years ago using a seller-financed loan. The loan note became due this year, and she decided she would like to build. She needed additional funds to complete the project. She plans to refinance within the next six months. We offered her a loan of $130,000, which provided the capital needed to complete the project and pay off the seller. This loan is at a 12% interest-only rate over the next three years, with a 6-month prepayment penalty. The loan was funded in November 2024.
DAVIE, FLORIDA
Address: Davie, FL 33312
ARV: $350,000 (As-is)
Loan Amount: $170,000.00
Loan Structure: 36 Months Interest Only
Interest Rate: 12%
LTV 40%
Borrower Profile: Landlord
Work Description: Cash-Out
Loan Purpose: Business Capital
November 13, 2024
An investor inherited a rental property from a family member and was seeking capital for another investment opportunity. We offered our assistance and facilitated a cash-out refinance loan of $170,000 at a 12% interest rate, interest-only for 36 months. The loan had a 40% loan-to-value ratio and included a 6-month pre-payment penalty.
WINTER GARDEN, FLORIDA
Address: Winter Garden, FL 34787
ARV: $3,500,000 (Once Completed)
Loan Amount: $500,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
CLTV 23%
Borrower Profile: Experienced Investor
Work Description: Ground Up Build
Loan Purpose: Cash Out – Business Capital
October 3, 2024
One of our long-term borrowers in Winter Garden, FL was working on a new construction project but needed additional funds to complete it. He needed an extra $500,000 and provided a Scope of Work outlining the costs. His current first mortgage on the property is approximately $278,000 with a 7% interest rate. We approved him for the $500,000 he needed through a second mortgage at 13% interest only for a 12-month term while leaving the first mortgage unchanged. The total living area of the property is 9,271 sq ft with a total building area of 12,873 sq ft. Once completed, the home is expected to be worth around $3,500,000. The loan was funded in October 2024.
CLEARWATER, FLORIDA
Address: Clearwater, FL 33756
ARV: $114,900 (As-is)
Loan Amount: $69,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 13%
LTV 60%
Borrower Profile: Experienced Investor
Work Description: Fix & Flip
Loan Purpose: Purchase
October 18, 2024
We recently assisted a group of real estate investors in We recently assisted a group of real estate investors in acquiring a property in a prominent neighborhood of Clearwater, FL. They secured a great deal, purchasing the home for $114,900. The property requires approximately $100,000 in repairs, and its After Repair Value (ARV) is estimated to be close to $400,000. When these investors approached us, they were at risk of losing both the property and their down payment if they couldn’t close by the scheduled date of October 18, 2024. Despite the challenges posed by a hurricane affecting the area just 10 days prior, we were able to provide them with the funds they needed to complete the purchase. They received a loan of $69,000 with a 13% interest-only rate and a 6-month Pre-Payment Penalty (PPP). The investors plan to sell the home within the next 12 months.
FORT LAUDERDALE, FLORIDA
Address: Fort Lauderdale, FL 33316
ARV: $800,000 (As-is)
Loan Amount: $300,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 38%
Borrower Profile: Primary Residence
Work Description: Business Capital
Loan Purpose: Cash Out
September 23, 2024
In January 2022, a sponsor bought a $650,000 home as their primary residence, paying for it in full. Later, they had an opportunity for a business contract but lacked the necessary liquid capital to invest. Since the sponsor’s home was owned outright, they approached us for assistance. We provided them a $300,000 loan at a 12% interest-only rate in just eight days to fulfill the investment requirement. The sponsor needed a short-term 12-month loan, funded in September 2024, to repay this debt.
MIAMI SHORES, FLORIDA
Address: Miami Shores, FL 33138
ARV: $2,000,000 (As-is)
Loan Amount: $500,000.00
Loan Structure: 12 Months Interest Only
Interest Rate: 12%
LTV 25%
Borrower Profile: Experienced Investor
Work Description: Remodel
Loan Purpose: Cash Out
August 30, 2020
9/28/2021 as an investment property. He needed additional time to renovate the property and had taken out a 12-month mortgage, with the note coming due on 9/1/2024. We assisted him by refinancing the mortgage, providing a 12-month term extension, and offering the additional funds required to complete the renovations. The loan amount was $500,000, resulting in a 25% loan-to-value ratio. The loan term was 12 months with an interest-only interest rate of 12%, and there was no pre-payment penalty. The loan was funded in August of 2024.
FORT PIERCE, FLORIDA
Address: Ft. Pierce, FL, 34950
ARV: $255,000 (As-is)
Loan Amount: $191,250.00
Loan Structure: 30 Year Fixed
Interest Rate: 7%
LTV 75%
Borrower Profile: Experienced Investor
Work Description: Update Property
Loan Purpose: Cash Out
August 15, 2024
We recently assisted an investor in obtaining a 30-year fixed “Rental Income Only” DSCR loan for their duplex in Fort Pierce, FL. The investor needed to utilize the extra cash-out from this property as business capital to purchase another property. We arranged a DSCR loan of $191,250, resulting in a 75% loan-to-value ratio, with a fully amortized rate of 7% fixed for 30 years and a sliding scale pre-payment penalty of 5-4-3-2-1. If the loan is paid off in year 1, a 5% PPP fee applies. If the investor refinances or sells in year 5, a 1% PPP fee is applied. There is no more PPP after year 6, which works for the investor, as this is a long-term rental project. The loan was funded in August of 2024.
FORT PIERCE, FLORIDA
Address: Ft. Pierce, FL, 34950
ARV: $255,000 (As-is)
Loan Amount: $184,289.00
Loan Structure: 30 Year Fixed
Interest Rate: 8.21%
LTV 72%
Borrower Profile: Experienced Investor
Work Description: Update Property
Loan Purpose: Cash Out
July 13, 2024
We recently helped this investor obtain a 30 year fixed – “Rental Income Only” – DSCR loan on his duplex in Fort Pierce, FL. He needed to use the extra cash-out for business capital to start another project & with good credit, a 720 middle score. After helping him clear up his title issues that he had with the city of Ft Pierce, under a different LLC, by opening a new LLC. We facilitated a DSCR loan of $184,289, resulting in a 72% loan-to-value ratio w/ a Fully Amortized rate of 8.21% fixed for 30 years w/ a sliding scale pre-payment-penalty 5-4-3-2-1. If he pays off the loan in year 1, a 5% PPP fee applies. If he refinances or sells years 5, a 1% PPP fee is applied. Year 6, no more PPP, which works for this investor, as this is a long-term rental project of his. This loan was funded in July of 2024.
WELLINGTON, FLORIDA
Address: Wellington, FL 33414
ARV: $2,000,000 (As-is)
Loan Amount: $400,000.00
Loan Structure: 24 Months Interest Only
Interest Rate: 12%
LTV 20%
Borrower Profile: Equestrian Investor
Work Description: Remodel
Loan Purpose: Cash Out
July 18, 2024
We recently assisted an equestrian investor renting a property for over 30 years. They are looking to retire and plan to renovate and sell the property. Although the property is owned outright, it is outdated, so they needed to borrow $400,000 for the renovations. The main concern was receiving the full amount upfront instead of in installments, as they are experienced in this type of project. They contacted us, and we offered them the full $400,000 upfront, with a 12-month term at a 12% Interest-only rate and a 6-month pre-payment penalty. There were no installment disbursements.
