Miami Hard Money Lenders

Hard Money Loans Frequently Asked Questions

Common Questions About Miami Hard Money Private Loans

• How long will it take for my loan application to be approved?

  After submitting your complete loan application, a Miami loan agent will contact you in about 10 minutes to confirm your details and information. The time it takes for the loan to be granted will depend on the amount you have applied for and the level of detail and accuracy in the information you provided. Every situation is unique, so your Miami loan agent will do their best to expedite the process and confirm your exact timeline.

• Will my credit score affect my loan application success?

  Private hard money lending is private, so we don't use a public assessment system like a credit score to decide your loan application's suitability. If you have a great opportunity that you just can't miss out on, get in touch with our team to get your application started. We will do our best to get you the finance deal you need through PropertiesMiami's hard money lending system.

• What are the advantages of getting a hard money loan?

  PropertiesMiami takes out a lot of the tedious processes used in loan applications with banks. Banks require very large amounts of personal information and will take a considerable amount of time to decide if your loan application will be granted or not. Your credit score will also be a key deciding factor in granting a loan or denying it. Properties Miami will connect you with the right Miami hard money loan option quickly and easily, without many bureaucratic restrictions.

• What private loan options can I choose from?

  We have designed our loan offers with the specialized needs of the real estate market in mind, like needing to fill a gap between selling one property and buying another. In this case, our Bridge Loan will cover your needs while you are waiting between these two transactions. If you have private assets to secure a loan, our Asset-Backed Loan is available. For those hoping to buy low and sell high in the real estate game, the Transactional Funding option is open, as long as you already have a buyer lined up for the property you have your eye on.

  If the place you have in mind needs some refurbishment TLC before you can line up a buyer, our Fix and Flip Loan will support you while you refurbish a home in preparation to sell it. Our Hard Money Loan uses your real estate value as collateral for a hard and fast capital injection. The idea behind hard money loans is to get you a quick loan that will also be repaid fast. The interest rate on these loans is considerably higher than conventional loans in order to add an incentive to keep these loans quick. Feel free to scroll down further for more detail or have a chat with one of our loan agents to get personalized advice on the offer that is best for you.

• How much can I loan from PropertiesMiami?

  We have a minimum loan requirement of fifty thousand USD and a maximum of five million USD. Depending on your application and specific circumstances, one of our team members will expertly assist you in finding the right loan and amount for you.

• How else can you support me as an investor or first-time homebuyer?

  In order to be ready to make the most of all the exciting opportunities that become available every day, we have built and maintained a strong network of Miami lenders to help you, our clients, quickly secure the funding you need to make the investments you dream of. Get in touch anytime if you are considering investing in Miami real estate and would like to make the most of an extensive network of experienced real estate investors.