How Hard Money Lending Works in Florida: A Beginner’s Guide
Real estate moves fast in Florida, and traditional financing doesn’t always keep up. That’s where hard money lending in Florida steps in,offering faster approvals, flexible terms, and asset-based funding for investors who need to close quickly. Unlike bank loans, hard money loans are secured by property, not personal credit. This appeals to house flippers, developers, and investors working on tight timelines or unconventional deals. The application process is shorter, and funds can be issued in days, not weeks. Borrowers often use hard money to acquire fixer-uppers, fund renovations, or compete with cash buyers. Lenders typically focus on the value of the property, the exit strategy, and how quickly the loan can be repaid—usually within 6 to 24 months. Rates and fees are higher than conventional loans, but the speed and flexibility can make the tradeoff worthwhile, especially in Florida's fast-moving markets like Miami, Tampa, and Jacksonville. While hard money lending isn’t for ...