Hard Money Lender in Florida | Direct Private Money Lender in FL
PRIVATE MONEY LENDING RATES STARTING AT 7.49%
The reason to use a Hard Money Fix and Flip Loan
Sunset Equity is a direct lender in Florida, Texas and just about every other state nationwide. If you are a real estate investor aiming to invest in a fix and flip, here are the two avenues available to you for funding. One is the traditional, or conventional, bank or a private money lender, also referred to as a hard money lender. When expanding your real estate investing business it is important to understand that in a competitive market, cash on hand is the competitive edge you need to close the deal. Private money lenders can help with speedier financing to close deals faster.
A hard money loan, coined from the usage of the actual “hard asset” as value, is the most common form of short term financing. It uses the property as collateral. This means, personal finances and credit scores are not the focus. Further observation for a hard money loan is placed on the property ARV or after repair value, which is used to determine the asset’s worth.
Nearly every fix and flip requires repairs. It is here where you will find that our investor rehab loans can supply you with the backing you need to return the property to its former days. It is also here where the distinct difference that private money lenders have over conventional lenders. Direct money lenders such as Sunset Equity can not only finance the purchase of a distressed property, they as well can provide funding to cover the rehab and closing costs. Less money out of the investor’s pocket!
Top National Private Money Lenders
Sunset Equity focuses on speed, and making the process as easy as possible. Most of all the focus is a streamlined, transparent process. Our products also include Florida bridge loans for both residential and commercial properties. We offer competitive rates to buy and hold investors without the hidden fees and poor pricing. Our in-house underwriting allows the process to be completed quickly.
Neither new nor seasoned investors would like to front a large amount of cash or be subjected to the financing requirements of credit scores and tax returns. A trusted national hard money lender like Sunset Equity understands that, which is why we have streamlined our process.
Different Types of Fix and Flip Loans for Florida Rehab Investors
Hard Money Loans for Rehab
Rehab is the area of interest for real estate investors when looking to secure a flip and fix loan. The funding is ideal for repairing the property and getting back on the market
We also allow the remaining 10% to be financed by the seller or another private lender. The 10% is what the borrower is responsible for bringing to the closing table.
Loans for Fix and Flips Without Rehab
There are numerous avenues in real estate to make money. Another real estate investing technique is “wholetail” flipping, which means the investor purchases the property, makes little to no repairs and lists it back on the market. The art of a whole tail flip is rooted in speed. For this reason, a private money lender is a great financial partner to have.
Buy, Rehab, Rent, Refinance (The BRRR Strategy)
Another real estate investment approach to fix and flip is the buy and hold rental avenue. The seller purchases, rehabs, and then holds on to the property and uses it as a cash producing asset. Typical ways this is accomplished include the following: Traditional rental properties and y, short term rentals such as AirBnbBs. We provide rental financing for the short term too. Once an executed lease is on the property, a cash out refinance of up to 80% can be completed. Our short term rental investor clients particularly love this as they can pull out their cash or equity from the property and now complete the BRRRR process- . Buy, Rehab, Rent, Refinance, REPEAT!
Ready To Get Your Private Money Loan?
PRIVATE MONEY LENDING RATES STARTING AT 7.49% APPLY NOWCONTACT USInvest Loans we Provide for property investment
Sunset Equity provides private investment property loan products throughout the Florida area. We can help you a property already in your portfolio through the following loans:
Fix and Flip Loans: Sunset Equity funds as follows: 80% of the purchase amount of the property and 100% of the amount for repairs. Fix and flip loans are made for investors specifically who hold an interest in the rehab and renovations of a distressed property intended to be listed for a profitable resell. This process allows clients to close the deal without out of pocket fees.
New Construction Loans: New Constructions loans are perfect for builders. They as well serve developers. Sunset Equity will finance 90% of the hard construction cost along with financing up to 70% of the ARV (After-Construction Value) and 80% LTC. We can also help with financing the land purchase!
Property loans for Rental Property: While buy and hold investing is ideal for any investor’s portfolio, landlords will probably find the most value. Our rental property loans will allow our clients to diversify and build their real estate investing business at a faster rate. Investors are able to withdraw up to 80% of the appraised value of the property, without the regards to age of ownership. Additionally, our requirements do not consist of individual income verification. We care most about the cash flow of the property. We have starting rates of 6.5% with a 30 year fixed term and 30 year amortization. This allows them to experience an increase in their cash flow on a monthly basis.
Multi Family Loans/ Mixed Used Loans: We require minimal money down for apartment multifamily investors who are looking to secure apartment rehab loans. Our process does not have not have a debt service coverage ratio requirement for multifamily rehab loans.
Our loan program allows 100% of rehab funds, as well, up to 85% LTC and 90% CLTV. This provides you with the workability and leverage to profit on Multifamily & Mixed-use investment opportunities. This is particularly helpful for assets that may have low occupancy or even need repairs and rehab. Investors looking to maintain a long term cash flow on their property can benefit from our 30-year loan program.
Our commercial hard money loans, bridge and rehab loans, provide up to 65% LTV. We offer 80% CLTV and 70% LTV on our long term hard money loans for commercial properties. They are funded with a 30 year amortization and a 30 year term. Hard money loans from a private lender are a quicker alternative to traditional financing through a bank or credit union, especially when time and typical qualifying factors are an obstacle.
Airbnb Financing: For buy and hold investors we provide a 30 year fixed rate up to 80% on a 30-year fixed rate. There is no secret in the challenges of financing an Airbnb property, but don’t worry, Sunset Equity has you covered.
Non Recourse Financing: Non Recourse financing has one major advantage: the loan is not guaranteed by the borrower. Sunset Equity is a non recourse lender and provides the following non recourse loans : Fix and flip, short term cash out and refinance along with purchase loans.
Sunset Equity services investors nationwide. Our trademark is fast, reliable service. If you are an investor looking for a private money lender in Florida, contact us today to provide your financing needs.
