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Since 2019
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Number #1
in Florida

Miami Hard Money Lending

How Do You Apply for A Hard Money Loan in Miami?

Acquiring investment property poses some challenges in which we help you overcome. Conventional lenders require voluminous documentation, rigorous personal qualifying and worst of all, they move too slow!

If you have the opportunity to buy at a premium, do some repairs and resell at a profit, or the chance to acquire income property with room to improve its potential gross income, our streamlined process makes you a cash bidder!

Our loan programs are asset-based if the property fits our lending criteria, you qualify.

Qualifying For A Hard Money Loan

Hard money loans are a proficient alternative to traditional financing because they are asset based and streamlined to get real estate investors to the closing table fast.

Improve your experience of utilizing  hard money lending through these steps:

  • Evaluate Your budget – Choose the terms and conditions that best suit the needs of your transaction.
  • Make sure your property qualifies – Simply make sure your property fits our criteria.
  • Determine Value and condition – An appraisal will establish value and condition and will be the main requirement of the qualifying process. Once complete, you are ready to close.

Why Use a Hard Money Lender in Miami?

Hard money lenders, also known as private money lenders, offer short-term loans to people investing in the real estate market, such as in a commercial property. This type of financing is also available for land buyers. 

Private lending makes it easier to invest in residential and commercial real estate by providing the needed finance without as much red tape and waiting. After the purchase, the buyer might choose to fix and flip the property. For that reason, this type of loan is sometimes called “fix-and-flip loans.”

As Miami hard money lenders in Florida, Monroe Funding Corp. can offer you a private money loan based on the value of the property being purchased rather than on the buyer’s credit score. Hard money loans are thus quicker and easier to get than traditional loans from a conventional bank, and they don’t require income documentation or tax returns.

Difference Between Hard Money Loans and Conventional Loans

Hard money loans can be classified as asset-based, which is why the borrower’s credit score is not as important as the value of the property being purchased. Also, hard money lenders are private lenders – not banks. That gives them a lot more leeway in the loan approval process. 

Conventional loans rely on the credit score of the borrower, which makes the loan approval process take longer and can cause real estate investors to miss investment opportunities. Demand for properties is always high in Florida, and getting approved for a loan at a faster rate is crucial for investment success. By offering more flexible financing options, a private money lender can increase your chances of getting the right property at the right time.

Why Choose Monroe Funding Corp.?

Monroe Funding Corporation has flexible solutions for everyone’s needs. We understand that time and speed are essential in the world of real estate investment, so we make it our goal to approve real estate loans in a few hours compared to other institutions that may take months. We serve real estate investors throughout Florida.

What Can Our Hard Money Loans Be Used For?

Hard money loans can be used for several types of investment property, including:

  • Commercial properties
  • Single-family homes
  • Apartment buildings
  • Warehouses
  • Self-storage
  • Condos

Whether you’re looking for a hard money loan to invest in a commercial property, residential property for rental or flipping, or other types of real estate projects, Monroe Funding is the private money lender Miami trusts for fast and easy financing. Contact us today to get started.

We are a direct mortgage lender. All underwriting decisions are made in house. We will pre-approve your request immediately, the same day. If you need a proof of funds letter to attach to your bid, we will provide that as well.

Leverage is king! We can fund multiple transactions simultaneously to maximize your buying power.

Our entire process can be closed in a matter of days.

The Closing Process. Our #1 question is “how does your closing process work?” This video answers this question. Please subscribe to our YouTube Channel. 

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