Hard Money Loans Boca Raton, Florida
Gelt Financial makes hard money loans in Boca Raton on residential investment property and commercial property, from $50,000, with closing in 3 to 7 days. This page covers our Boca loan terms, the local rules that affect your loan, and the neighborhoods we lend in. It’s for real estate investors and property owners buying, refinancing, or rehabbing in Boca Raton and West Boca, plus local mortgage brokers. In a fast market, a lender who knows Boca’s permit and building rules can save you weeks.
We’re an honest, family-owned direct private lender. As a direct lender, we lend our own capital, so the people you talk to make the call.
Why Work With a Hard Money Direct Lender Based in Boca Raton?
Your lender’s office is a few minutes from your property. That changes how fast and how well we can say yes.
Many direct hard money lenders work from out of state. We’ve lent from Boca Raton since 1989.
Ready to move fast? Call us at 561-221-0900 for a free quote.
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What Can You Finance With Hard Money Lending in Boca Raton?
Our hard money lending covers most property types and investment properties investors buy in Boca:
We don’t fund ground-up construction or construction loans. We lend on existing buildings, including construction projects already underway on an existing structure.
Hard money loans typically involve minimal documentation requirements compared to traditional loans. Rehab funds are released in draws after work completion. Hard money loans are secured by non-owner-occupied real estate. Hard money loans can finance properties needing major structural or cosmetic overhauls.
Hard money loans can cover up to 100% of rehab costs.
How Does Boca Raton’s Building Recertification Program Affect Your Loan?
Boca Raton requires older buildings over 3 stories or 50 feet tall to pass a city recertification inspection. The results can change a unit’s value and how fast you close.
Buying an investment condo? Send us the building’s recertification status and any recent assessment notices with your loan request. The state’s milestone inspection rules apply too, and we cover them on our page for hard money loans across Florida.
Is Your Property in Boca Raton or West Boca?
Many “Boca Raton” addresses sit outside the city limits, in unincorporated Palm Beach County. That affects your rehab timeline.
Fees and inspection schedules differ, so we set your loan term around the right timeline. Check any address on the Palm Beach County Property Appraiser site before you set your budget.
What Are Our Hard Money Loan Terms in Boca Raton?
| Term | Gelt Financial |
|---|---|
| Loan amounts | $50,000 to $2,000,000 |
| Maximum LTV | Up to 65% loan-to-value |
| Closing time | 3 to 7 days |
| Term length | 6 months to 5 years |
| Monthly payments | Interest-only |
| Credit score | No minimum |
| Title | Clean title required at closing |
What Are Typical Industry-Wide Hard Money Loan Terms in Boca Raton?
Your interest rate depends on the property, your equity, and your exit plan. Most borrowers use short-term financing from us, then refinance into long-term financing once the property is stable.
How Does a Local Hard Money Lender Compare in Boca Raton?
| Factor | Gelt Financial (Boca-based) | Bank or credit union | Online national lender |
|---|---|---|---|
| Decision makers | In our Boca office | Regional loan committee | Out of state |
| Closing time | 3 to 7 days | Typically 45 to 90 days | Often 2 to 4 weeks |
| Valuation | Local, in-house | Third-party appraisal | Desktop valuation |
| Credit score | No minimum | Strong credit required | Usually a minimum |
| Older condo buildings | Case-by-case review | Often declined | Often declined |
Hard money lenders evaluate the property’s market potential rather than personal financial history. Exit strategies must be clearly defined when taking hard money loans due to their short terms.
Most lenders can’t match fast closings and quick capital funding from a local office. If you’re searching for the fastest hard money lender, ask us here at Gelt Financial, where our decision-makers sit.
How Much Does a Hard Money Loan Cost in Boca Raton?
Hard money costs more than a bank loan. In exchange, you get speed and an approval based on your property. Your term sheet lists every cost up front, with no hidden fees.
Have questions? Call us at 561-221-0900, and our team will help.
Which Boca Raton Neighborhoods Do We Lend In?
We lend across every Boca recertification zone and West Boca:
- Zone 1: oceanfront condos along A1A
- Zone 2: Downtown Boca, Mizner Park, and the Royal Palm Road area
- Zone 3: Boca Square, the FAU area, and central Boca
- Zone 4: Town Center, the Glades Road corridor, and the Congress Avenue business district
- West Boca: communities along Glades Road and State Road 7
We also fund money loans across Palm Beach County, including Delray Beach, Boynton Beach, West Palm Beach, Palm Beach, and Palm Beach Gardens, plus Fort Lauderdale in Broward County.
Facing a default instead? See our foreclosure bailout loans in Boca Raton.
Recent Loans We’ve Funded
Investors rely on us as a lending partner for every real estate deal, from a single rental to commercial property. See our recent closings across Florida and the country.
Apply online at GeltFinancial.com or call us today to get started.
Get Your Hard Money Loan Today
For hard money loans in Boca Raton, talk to the lender down the street, US!
Call us at 561-221-0900 today! Gelt Financial is ready to discuss your financing needs for commercial or investment real estate.