Miami Hard Money Lenders

Our Miami hard money lenders offer loan options that are tailored to your specific financial needs and investment objectives. We understand that every borrower’s situation is unique, so our team of loan specialists works closely with you to ensure that you receive a loan that fits your needs.

When traditional lending institutions reject your loan application, hard money loans are often the best way to fund your real estate investment. Warner Equity Funding is one of the most reputable hard money lenders in Miami. We specialize in providing fast and flexible financing to real estate investors who need quick funding.

Our hard money loans in Miami are asset-based, which means that we are more focused on the value of the property being used as collateral than on your credit score. Our primary consideration is that the property has a good amount of equity in it, and that you have a solid payback plan for the loan.

Quick Funding

We are one of the top hard money lenders in Miami because we offer quick funding, usually within 7-14 days. This allows our borrowers to secure deals and close transactions quickly. Also, our interest rates are competitive, starting at just 7.99%, making us a more affordable option for borrowers who may have bad credit or other financial difficulties.

Miami hard money lenders are more than just a financing option; we are partners in your success. At Warner Equity Funding, we offer valuable resources and support to help our clients achieve their real estate goals. From property analysis to market evaluations, our team is here to support you every step of the way.

Our team of experts is highly experienced in the Miami hard money lenders market, making us the ideal partner for your real estate projects. We have the knowledge and expertise to evaluate your investment and help you create a customized lending solution that meets your unique needs

If you are looking for the best hard money lenders in Miami, look no further than Warner Equity Funding. We are dedicated to helping real estate investors like you obtain the financing they need to succeed. With our quick and flexible financing options, you can secure the funding you need to close deals, make repairs, and stabilize your properties.

In conclusion, if you are looking for a reliable and trustworthy hard money lender in Miami, contact Warner Equity Funding. Our team of loan specialists is committed to guiding you through every step of the lending process. We provide fast and flexible financing options that are tailored to your specific needs. So, whether you are a seasoned real estate investor or a first-time borrower, we are your go-to source for hard money loans in Miami. We also offer loans in all states including Ohio.

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Frequently Asked Questions

1. I have bad credit or went through foreclosure, can I still get a hard money loans?

Conventional lenders such as banks will never lend to an investor with a recent foreclosure on his record, in most cases they won’t even lend to poor credit investors, no matter the reason, it’s just how these financial Institute work, and you won’t be able to get funding, at least for a set amount of time. Hard money lenders can fund bad credit investors in many cases as they are much more flexible and consider asset-based hard money loans in California and list the property value and the investor down payment as a major factor in assessing the loan.

2. What if I am self-employed and don’t have enough work experience?

That’s a great question, usually, traditional lenders don’t like to deal with self-employed borrowers, mainly because they like borrowers who work for big corporations and have steady pay checks and a minimum of 2 years work experience. The ” issue ” with full time real estate investors is that they don’t have steady pay checks, and they are usually self-employed.

Direct hard money lenders can provide funding for investors with no 2 years work experience and a steady pay check. For many, it’s a great start to get things going and after getting two years of work experience they may refinance the hard money loan into a more conventional loan.

3. What if I own many investments, will that effect my chances of getting a hard money loan?

Hard money direct lenders will not limit your loan amounts and will only look at other factors when assessing a loan request. Most banks will limit the number of loans each investor can get to 4. That’s just an arbitrary number that banks decided to set as it’s possible for an investor to be an excellent candidate for a loan and the only reason for his denial is the fact he already have 4 loans. Remember – Hard money lenders will not restrict the investor by the number of active loans he has.

4. Do hard money lenders really fund projects within days of applying?

It’s obvious that traditional lenders take more time to fund a loan. It’s not uncommon to wait 30-45 days until you can get a loan from a bank or other lenders. You will need to file a lot of paper work and come up with many documents before you can be approved. This might be the biggest difference between traditional lenders and Hard money lenders, with direct lenders, you can actually be approved within the same day of applying (once all files are submitted), for some real estate investors, this alone makes them choose a hard money lender other a bank many times.

5. Is having a financial partner better than hard money loans?

When real estate investors considers alternative funding sources to their projects, one such option is to get a funding partner, and while partnering up to fund a real estate property might be a good idea in some cases, there are many things to consider before doing so. The first and most obvious thing to consider is that with a partner you might give up some decision making control. It is also very common that the partner will ask for a payment of 50% of the profit once you sell your property, which is very expensive if you think about it.

When you consider these reasons, it might be more beneficial to get funding from a hard money direct lender and keep 100% of your profits at the end of the project.

6. What are the advantages of a hard money loan?

So, as we already discussed before, speed is perhaps the most obvious advantage of a hard money loan. While traditional lenders can take up to 45 days to evaluate your application, hard money lenders may approve your loan within days in some cases.

Hard money financing can actually help the buyer negotiate a better purchase price.

People with bad credit, no income history and other situations can still qualify or a direct hard money loan, compared to a traditional loan where specific and strict rules apply.

7. How fast can I get a hard money loan for my project?

It’s not rare that banks of other conventional lenders will give you a green light on a loan just to back out in the last second because something new came up, even if it’s a small detail that won’t have any effect on the loan, but they were just not aware of it before and need to go through the process. This might leave the investor in a very tough situation as they will never have enough time to find a new loan and the deal might be lost.

This is exactly where Hard money lenders like HML Investments come in. Direct lenders can asses and approve hard money loans within days and with no surprises. Short term hard money loans are a great choice for real estate investors for good reasons.

8. How much do hard money lenders charge?

Hard money lenders charge interest rates and points for the money they lend. Usually the interest rate is between 8% – 12% and the points range between 2 – 4. Some hard money lenders also charge additional fees such as: processing fee, document fee and others. There are other costs the borrower will need to pay and they are: escrow, title insurance, notary and recording.