Florida Hard Money Loans for Investment and Commercial Property
Florida hard money loans from Gelt Financial fund residential investment property and commercial property in 3 to 7 days, although approval can occur within 24-48 hours. This page covers our loan terms, costs, closing steps, and the Florida cities we serve, so you can decide if a hard money loan fits your next investment.
It’s for real estate investors, property owners, and mortgage broker partners who need to buy, refinance, or save a property fast. In Florida’s market, a slow bank can cost you the purchase price you negotiated, your earnest money, or the equity you’ve built.
Call 561-221-0900 or apply now.
We’re an honest, family-owned direct lender based in Boca Raton, in the heart of South Florida.
Why Do Investors Choose a Florida-Based Hard Money Lender?
The people who approve your loan work right here in Florida. We’ve made hard money loans from our Boca Raton office since 1989, with a proven track record of more than 10,000 closed loans.
Not all Florida hard money lenders lend their own money. We do. Other lenders send your file to a committee, while we send you a term sheet.
Ready to move fast? Call us at 561-221-0900 for a free quote.
What Is a Hard Money Loan in Florida?
A hard money loan in Florida is a short-term loan from a private lender, secured by real estate. The lender approves it based on the property value and your equity, not mainly on your credit score. Investors use these private loans when speed matters more than low rates.
Hard money lending fills the gap that traditional bank loans leave. Banks want tax returns, good credit, and weeks of review. Private money loans are short-term loans that close on the strength of the property. Learn more about how our hard money loans work.
We lend only on investment properties and commercial properties, never on owner-occupied primary residences.
What Can You Use Florida Hard Money For?
Our hard money loan programs cover most real estate investment needs:
We fund residential investment property loans on single-family and 1- to 4-unit rentals. We also lend on commercial property, including multifamily, mixed-use, retail, office, and industrial. Foreign nationals are welcome.
We don’t offer construction loans or ground-up construction financing. We lend on existing buildings.
What Are Our Hard Money Loan Terms in Florida?
| Loan term | Gelt Financial |
|---|---|
| Loan amount | $50,000 to $2,000,000 |
| Maximum loan-to-value | Up to 65% of property value |
| Minimum property value | $250,000 |
| Term length | 6 months to 5 years |
| Closing time | 3 to 7 days |
| Payments | Interest-only |
| Credit score | No minimum |
| Borrowers | Individuals, LLCs, corporations, foreign nationals |
Hard money loans generally have short repayment terms of 6 to 24 months. Lenders typically cap loans at 60% to 70% of the Loan-to-Value ratio. Hard money lenders are generally more flexible with credit requirements than traditional lenders. Interest rates for hard money loans in Florida typically range from 8% to 15%.
The right loan type depends on the property, your equity, and your exit strategy. Gelt Financial looks at the deal first, reviews files case by case, and offers flexible terms where the numbers work.
Apply now to get your term sheet from a decision-maker.
How Do Hard Money Loans Compare to Bank and DSCR Loans?
| Factor | Gelt hard money loan | Traditional bank loans | DSCR loans |
|---|---|---|---|
| Closing time | 3 to 7 days | Typically 45 to 90 days | Typically 21 to 45 days |
| Credit | No minimum score | Good credit required | Minimum score, usually |
| Approval based on | Property value and equity | Income, credit, tax returns | Rental cash flow |
| Valuation | In-house | Third-party appraisal | Third-party appraisal |
| Best for | Speed, credit issues, value-add | Stable files with time to wait | Stable rentals |
Traditional loans often win on interest rate. We win on speed, approval odds, and more flexibility.
How Much Does a Hard Money Loan Cost in Florida?
Hard money costs more than a bank loan. In exchange, you get speed and an approval when banks say no. We offer competitive rates for hard money, and your term sheet lists the interest rate, points, closing costs, and any prepayment penalty. You’ll see no hidden fees.
Florida adds two state taxes to every new mortgage:
| Florida tax on a $300,000 loan | Amount |
|---|---|
| Document stamp tax | $1,050 |
| Nonrecurring intangible tax | $600 |
| Total state taxes | $1,650 |
Florida law also caps interest. Most loans of $500,000 or less can’t charge more than 18% simple interest under Florida Statutes 687.03.
Have questions? Call us at 561-221-0900, and our team will help.
How Fast Can You Close a Hard Money Loan in Florida?
Most of our loans close in 3 to 7 days after we receive your documents.
- Tell us about the property, the purchase price, and your plan.
- Get a term sheet from a decision-maker.
- Send light documents: the contract or payoff letter, entity papers, and insurance.
- We order title and set closing with a Florida title company.
- We wire the funds, and you repay when you sell or refinance.
Have your insurance binder ready on day one. In Florida, it’s the most common delay we see.
What Florida Property Issues Can Slow Down Funding?
We spend time offering guidance on these issues before you sign, so nothing stalls your real estate project.
Where in Florida Do We Make Hard Money Loans?
We lend in cities and metro areas statewide. Markets across Florida offer investment opportunities for every strategy, from rentals to commercial property.
- South Florida: Miami, Hialeah, Miami Gardens, Fort Lauderdale, Hollywood, Pembroke Pines, Miramar, Plantation, Sunrise, Coral Springs, Pompano Beach, Boca Raton, West Palm Beach
- Treasure Coast and Space Coast: Port St. Lucie, Palm Bay
- Southwest Florida: Naples, Marco Island, Cape Coral, Lehigh Acres, Punta Gorda
- Tampa Bay: Tampa, Brandon, Riverview, St. Petersburg, Clearwater, Spring Hill
- Central Florida: Orlando, Lakeland
- North Florida: Jacksonville, Gainesville, Tallahassee
Don’t see your city? Call 561-221-0900 and ask.
What Florida Loans Have We Closed Recently?
We funded a $300,000 first mortgage on a non-owner-occupied single-family investment property in Miami. See more closed loans.
Apply online at GeltFinancial.com or call us today to get started.
Hard Money Loan
When timing matters, Florida hard money loans from a family-owned lender keep your next deal on track.
Call us at 561-221-0900 today! Gelt Financial is ready to discuss your commercial or investment real estate financing needs.