Last time we shared how Tampa residential real estate is seeing positive results. Earlier this month, South Florida Business Journal published a story also painting another well-known Florida city in a positive light: Miami.
Indeed, the “Magic City” earned a spot among the top ten of cities with the highest residential real estate in the country, placing seventh on the list. Miami has well over $750 billion in total residential real estate value with a median value hovering near $300,000. The city was joined by aforementioned Tampa, Orlando, Jacksonville among the top fifty, ranking 23rd, 26th, and 40th among the list of fifty most valuable cities, respectively.
Miami is one of the several cities in Florida where Monroe Funding Corporation provides hard money lending solutions. We’re exceptionally proud of our ability to provide quick approval and quick funds while avoiding many of the hurdles that cause deals to fall through such as having to perform an extensive examination of an applicant’s creditworthiness. Visit our website today to get started with the application.
To read more, please visit https://www.bizjournals.com/southflorida/news/2020/07/08/miamis-residential-real-estate-values.html.
This update is by hard money lenders Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on Broward County hard money lending, please call 954-816-0388 or fill out our application.