Get Hard Money Loan Orlando

Our Hard Money Loan Benefits:

  • Up To 90% Of Purchase Price
  • Up To 100% Of Rehab
  • Fast Close!  As Fast As 5 Days
  • Most Asset Types 
  • No Income or Employment Required
  • Fix and Flip Loan Orlando
  • Multifamily Loan Orlando
  • Best Hard Money Lender in Orlando

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Hard Money Loan in Orlando, FL

CUSTOM BUILT FOR INVESTORS AND DEVELOPERS 

In the pulsating real estate scene of Orlando, investors often turn to Hard Money Loans as a dynamic and quick financial solution. These loans bring a set of unique advantages tailored to the fast-paced and competitive nature of Orlando’s real estate market. Let’s delve into an introduction to Orlando Hard Money Loans and explore how they serve as a strategic tool for real estate investors navigating the opportunities in “The City Beautiful.”

When selecting a Hard Money Lender in Orlando, consider choosing us. We distinguish ourselves by providing rapid funding, with the capability to fund in as little as 5 days. Investors dealing with properties in need of significant rehabilitation can leverage our services, as we fund up to 100% of the rehab. What sets us apart is our unique approach to approval – we transcend conventional measures. Unlike traditional lenders, we don’t rely solely on credit or income metrics; instead, we grant approval without the need for income, employment, or tax returns. This approach delivers a flexible and accessible financing solution tailored to the diverse needs of investors in the Orlando real estate market.

Orlando Hard Money Lending Parameters:

CLOSING TIMEAs Fast As 5 Days
LOAN SIZE$100,000 to $200 Million
LTVUp to 90% LTV
RehabUp to 100% of Rehab
LOAN TERM12 to 24 months
INTEREST RATES6.49% to 11.99%
AMORTIZATIONInterest-only payments
Pre-Payment PenaltyNone
LENDING AREASNationwide 
cash out refinance

Fast Approvals

Streamlined Underwriting

Approval in 24 Hours

Close in as little as 3 days

Hard Money Lender Orlando

Easy Process

No Appraisal Required

Tax Returns Not Needed

No Minimum Credit Req.

Hard Money Lender Orlando

Reliable Partner

In House Capital

30+ Years of Experience

Direct Private Lender

Hard Money Loans Orlando
Custom Built For Orlando Real Estate Investors

Fix To Rent Loan Orlando

    • 1-500+ properties

    • Single-family, 2-4 units, condos, townhomes, multifamily

    • 5yr, 7, 10 and 30 year terms

      • Up to 100% of cost

    • Up to 100% of rehab

    • Up to 75% of value

    • $70,000 – $100 million

Fix And Flip Loans Orlando

    • 1-500+ properties

    • Single-family, 2-4 units, condos, townhomes, multifamily

    • 12 To 24 month terms

      • Up to 100% of cost

    • Up to 100% of rehab

    • Up to 75% of value

    • $100,000 – $100 million

Multi-Family Loans/
Commercial Real Estate

      • 1-50+ properties

      • Multifamily, condos, student housing, 
      • mixed use w/ majority residential

      • 12 to 24 months, 5, 10 year terms

      • Up to 85% of cost

    • $1M – $50M

      • Bridge, Construction, Permanent

What does a Har Money Lender Require when completing a Fix and Flip or Rehab project in Orlando

1. How does the focus on asset value versus credit score impact the lending criteria of Orlando hard money lenders for fix & flip or rehabilitation projects?

Hard money lenders in Orlando primarily prioritize the asset value of the security over the borrower’s credit score, making them more accessible to investors with varying credit histories for fix & flip or rehabilitation projects. These loans do not require employment, W2 , tax returns or income verification

2. What additional financial information may an Orlando hard money lender require from borrowers, aside from credit reports, to evaluate their ability to repay the loan?

The lender may also require an income statement from the borrower to assess their capacity to repay the loan, beyond just a credit report. Typically only 2 months bank statements are required or a statement with enough funds to cover a few months of interest reserves. This varies from loan to loan.

 
3. What process does an Orlando hard money lender follow for releasing funds for listed repairs during a fix & flip or rehabilitation project?

The lender will conduct inspections and release funds in draws for the listed repairs to ensure that the rehabilitation progress aligns with the planned scope of work. Draws are requested from the borrower and depending on the deal may require invoices and an inspection prior to the release of funds. The typical turn around time for the entire draw is typically a few days.

4. How does an Orlando hard money lender like CambridgeHomeLoan.com assess the borrower’s experience in performing or managing real estate repairs?

The lender wants to see the borrower’s experience in performing or managing real estate repairs to gauge their capability in handling rehabilitation projects successfully. CambridgeHomeLoan.com does allow for first time flippers but the more experience and better FICO allow for better rates and terms

5. What documentation does an Orlando hard money lender typically require from borrowers when completing a fix & flip or rehabilitation project?

The lender will want to see the scope of work described with a cost analysis timeline and worksheet to release resources for rehab purposes. If you would like a list of due diligence required feel free to contact CambridgeHomeLoan.com with any questions. 

More Orlando Hard money loan FAQs below.

Hard money lender orlando

Property types in which Real Estate Investors consider investing in Orlando?

Real estate investors in Orlando consider various property types for their investments, each offering unique advantages and opportunities. Here are some property types commonly targeted by real estate investors in Orlando:

  • Single-Family Homes: Single-family investment homes are popular among investors due to their broad appeal to renters and potential for long-term appreciation. Investors can also consider fix and flip opportunities within this category.
  • Multifamily Properties: Multifamily investment properties, such as apartment buildings, duplexes, and condos, provide consistent rental income and are a staple for many investors. Orlando’s growing population often leads to a strong demand for rental units.
  • Vacation Rentals: Orlando is a major tourist destination, making vacation rentals a lucrative option. Investors can buy properties near popular attractions, catering to tourists seeking short-term accommodations.
  • Commercial Real Estate: Commercial properties like office buildings, retail spaces, and warehouses offer diversification opportunities. Orlando’s growing business sector can lead to steady demand for commercial spaces.
  • Mixed-Use Properties: These properties combine residential and commercial spaces, providing multiple income streams. This can be especially attractive in urban areas and planned developments.
  • Industrial Real Estate: With Orlando’s proximity to major transportation hubs, industrial properties, such as distribution centers and warehouses, are in demand. E-commerce growth has further fueled this sector.
  • Land Investments: Investing in undeveloped land for future development is another strategy. Investors often hold land until the surrounding area appreciates or sells it to developers.
  • Student Housing: Orlando’s numerous colleges and universities make student housing a viable investment. This can include single-family homes or apartment complexes near educational institutions.
  • Senior Housing: With the aging population, there is a growing demand for senior housing. Assisted living facilities, senior apartments, or other specialized housing options can provide stable income.
  • Mobile Home Parks: Mobile home parks offer affordable housing solutions, and Orlando’s population diversity creates opportunities in this sector.
  • Fix and Flip Properties: Investors interested in renovation and resale often target distressed properties or those in need of significant upgrades should look at fix and flip properties in orlando.
  • Short-Term Rentals: In addition to traditional vacation rentals, some investors target the short-term rental market for business travelers and extended-stay guests.
  • Agricultural and Rural Properties: Florida’s agriculture sector presents opportunities for investors interested in rural land, farmland, and agricultural investments.
  • Hospitality and more. Feel Free to contact us with your scenario today!

The choice of property type often depends on the investor’s financial goals, risk tolerance, and expertise. Diversifying across different property types can also help spread risk. Orlando’s dynamic real estate market offers opportunities for both new and seasoned investors, making it an attractive location for real estate investment.

10 Things to Consider before Applying for Hard Money Loans in Orlando

Real estate investors eyeing the vibrant market of Orlando often find Hard Money Loans as a strategic financial tool. Here’s a breakdown of why opting for Hard Money Loans in Orlando can be advantageous.

Speedy Approval and Funding: Hard Money Loans are renowned for their rapid approval process and swift funding. In Orlando’s dynamic real estate landscape, this agility can make the crucial difference in securing prime properties.

Flexibility in Approval Criteria: Unlike traditional loans, Hard Money Lenders in Orlando are often more flexible in their approval criteria. Investors can leverage their assets and property value, allowing for a broader range of investment opportunities. Hard money loans typically close in 5-10 days.

Asset-Based Lending: Hard Money Loans in Orlando are primarily asset-based, focusing on the property’s value rather than the borrower’s credit history. This makes them accessible to investors with less-than-perfect credit.

Ideal for Fix-and-Flip Projects:
Orlando’s real estate market, with its appeal for fix-and-flip projects, aligns seamlessly with the advantages of Hard Money Loans. The quick turnaround time facilitates efficient execution of such ventures.

Bridge Financing Solutions:
Investors often turn to Hard Money Loans as a bridge financing solution, particularly in Orlando’s competitive market where securing traditional loans may take longer. This ensures investors can move swiftly on opportunities.

Tailored Repayment Structures:
Hard Money Lenders in Orlando often provide flexibility in structuring repayment plans. This tailoring allows investors to align the repayment schedule with their project timelines and financial goals.

Mitigation of Project Risks:
The expeditious nature of Hard Money Loans enables investors to mitigate risks associated with lengthy approval processes. In Orlando’s dynamic market, this agility can help seize time-sensitive opportunities.

Enhanced Negotiation Power:
Having the ability to offer quick and decisive cash payments through Hard Money Loans can enhance an investor’s negotiation power in Orlando’s competitive real estate environment.

Overcoming Credit Challenges:
Investors with credit challenges may find Hard Money Loans in Orlando more accessible than traditional financing options, making it a viable avenue for those seeking to overcome credit hurdles.

Capitalizing on Orlando’s Growing Market:
As Orlando experiences growth and development, investors leveraging Hard Money Loans can position themselves strategically to capitalize on emerging opportunities in the city’s flourishing real estate market.

In essence, for real estate investors navigating Orlando‘s dynamic landscape, embracing the advantages of Hard Money Loans can provide the financial flexibility, speed, and accessibility needed to thrive in this bustling market. We are serving all of Orlando zip codes including 32801, 32802, 32803, 32804, 32805, 32806, 32807, 32808, 32809, 32810, 32811, 32812, 32813, 32814, 32815, 32816, 32817, 32818, 32819, 32820, 32821, 32822, 32823, 32824, 32825, 32826, 32827, 32828, 32829, 32830, 32850, 32851, 32856, 32857, 32858, 32860, 32872, 32875, 32899.

ORLANDO HARD MONEY LOAN FAQs

In todays market you need a FICO credit score of at a minimum 600, a 10-20% deposit, closing costs and a contract. If the project needs rehab than a construction budget. To get an accurate quote and a due diligence checklist click here.

 

 Does CambridgeHomeLoan.com have a prepayment penalty for their hard money loans in Orlando?
CambridgeHomeLoan.com is an Orlando Hard Money Lender with NO prepayment penalty at all.
Why is the prepayment penalty put in place for lenders in hard money loans?
The prepayment penalty is put in place so that the lender receives at least a small yield for the time, hassle, and allocation of its funds to a borrower. But no need to worry because at CambridgeHomeLoan.com we would like to help you complete your project as fast as possible and refinance to a 30 year loan with no penalty. You may also sell the property for quick cash.
 How does the prepayment penalty work in the context of Orlando hard money loans?
In Orlando hard money loans, there may be a prepayment penalty that requires additional interest to be paid if the loan is repaid early but typically only for 30 year loans and not rehab or flip loans.
Typically, Orlando hard money loans have NO minimum interest requirement.

Hard money loans can serve as bridge financing solutions, enabling investors to quickly secure funding and take advantage of time-sensitive opportunities in competitive markets. This interim financing option provides investors with the flexibility to act swiftly while waiting for traditional bank loans to process.

Private lenders, including hard money lenders like CambridgeHomeLoan.com, primarily base their funding decisions on the loan-to-value ratio (LTV), which assesses the property’s value compared to the loan amount. This approach allows them to evaluate the asset’s worth rather than solely relying on the borrower’s credit history.
Traditional banks heavily rely on a borrower’s credit score, income, and debt repayment capacity. In contrast, hard money lenders focus more on the value of the property compared to the loan amount, making them more accessible to borrowers with credit or income challenges.
Borrowers may choose hard money loans when dealing with properties that need repairs or lack cash flow, as traditional banks might not lend on such properties. Private lenders, like hard money lenders, are more willing to fund loans based on the property’s potential value rather than its current condition.

Hard money loans Orlando are generally funded within 5-14 days, which is much quicker than the minimum 45-60 days for traditional family residential loans or 60-90 days for commercial loans offered by traditional banks.

For real estate investors navigating Orlando‘s dynamic landscape, embracing the advantages of Hard Money Loans can provide the financial flexibility, speed, and accessibility needed to thrive in this bustling market. We are serving all of Orlando zip codes including 32801, 32802, 32803, 32804, 32805, 32806, 32807, 32808, 32809, 32810, 32811, 32812, 32813, 32814, 32815, 32816, 32817, 32818, 32819, 32820, 32821, 32822, 32823, 32824, 32825, 32826, 32827, 32828, 32829, 32830, 32850, 32851, 32856, 32857, 32858, 32860, 32872, 32875, 32899.

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