Best Hard Money Loan Lender in Miami who Fast Closes. Call 800-826-5077 now.

We are the Best Hard Money Loan Lender in Miami who Fast Closes. Call 800-826-5077 now.

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Dec 5, 2022 - 05:49
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Miami, officially the City of Miami, is a coastal metropolis located in Miami-Dade County in southeastern Florida, United States. With a population of 467,963 as of the 2020 census, it is the 44th-largest city in the United States and the core of the nation’s eighth-largest metropolitan area. The city has the third-largest skyline in the U.S. with over 300 high-rises, 58 of which exceed 491 ft (150 m).

Miami is a major center and leader in finance, commerce, culture, arts, and international trade. The metro area is by far the largest urban economy in Florida and the 12th largest in the United States, with a GDP of $344.9 billion as of 2017. In 2020, Miami was classified as a Beta + level global city by the GaWC. In 2019, Miami ranked seventh in the United States and 31st among global cities in business activity, human capital, information exchange, cultural experience, and political engagement. According to a 2018 UBS study of 77 world cities, the city was ranked as the third-richest in the world and the second-richest in the United States in purchasing power. Miami is nicknamed the “Capital of Latin America” and is one of the largest majority-minority cities in the United States. In fact, Miami is the fourth-largest majority-Hispanic city in the United States, with 70.2% of its population being Hispanic in 2020.

Things to do in Miami

Miami is glamor first and foremost but spend a little time here and dig a little deeper to see what is under the surface. Or simply go with the flow and indulge in the glamor in true Miami style.

  1. Visit the iconic Miami Beach
  2.  Explore Jungle Island
  3. Wander the Art Deco District
  4.  Bayside Marketplace
  5. View over 2000 wild animals at Zoo Miami
  6. Admire Freedom Tower
  7. Meet Flipper at The Miami Seaquarium

We are serving all of Miami zip codes including 33101, 33102, 33106, 33109, 33111, 33112, 33114, 33116, 33119, 33124, 33125, 33128, 33129, 33134, 33135, 33144, 33145, 33146,  33147,  33148,  33149,  33150,  33151,  33152,  33177,  33178,  33180,  33181,  33194,  33195,  33199.

Benefits of Hard Money Loans

Hard Money Loans Are Approved And Funded Quickly

Real estate investors who haven’t previously used hard money will be amazed at how quickly hard money loans are funded compared to banks. Hard money loan Miami can be funded with 3-5 days if needed. Compare that with 30+ days it takes for a bank to fund. This speedy funding has saved numerous real estate investors who have been in escrow only to have their original lender pull out or simply not deliver. This is a perfect situation for a hard money lender to step in, provide financing quickly and save the deal.

Hard Money Loans Have Few Requirements 

Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.

Hard Money Loans Provide Funding For Projects That Cannot Be Financed Elsewhere

Hard money lenders provide many loans that conventional lenders such as banks have no interest in financing. A good example of this is a fix and flip loan. These projects involve a real estate investor purchasing a property with a short term loan so that the investor can quickly make the needed repairs and updates and then sell the property. In most cases, the real estate investor only needs a 12 month loan. A 12 month term doesn’t work with a bank’s business model. Banks want to lend money for the long term and are happy to make a small amount of interest over a long period of time.

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