Hard Money Loan Auburndale Florida

#1Hard money lender in Auburndale Florida provides a Fast Close for Investment Properties and Commercial Real Estate. Fix and Flip, Fix to Rent, Multifamily and Commercial real estate.

We have  Purchase, Refinance and Cash out Refinance programs available. Hard money programs can finance up to 90% of the acquisition on fix To flip/Fix to rent and 85% of multifamily acquisition and can provide 100% of the construction costs. For all of your hard money and commercial real estate needs in Auburndale Florida, contact us today! 

Hard Money Loans Auburndale Florida

fix and flip home loans

Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Refinance your portfolio, cash out and grow your wealth!

Hard Money Loan Application

CambridgeHomeLoan.com is #1 hard money loan lender in Auburndale Florida!

We have gained our reputation as the fastest hard money loan lender in multifamily loans and bridge lending because we know how critical each day is in the competitive Auburndale Florida real estate market.
We are serving all of Auburndale zip codes including zip codes 33823, 33850 all of Florida and 47 other US states.

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What Is A Hard Money Loan?

A hard money loan is a loan from a private or non-traditional lender. The asset being purchased is used as the collateral for the loan, reducing risk for both the borrower and lender.

  • Alternate definition: A loan that bridges the gap between an investment purchase and long-term financing
  • Alternate name: short-term bridge loan

Hard money loans are used for quick turnarounds between the purchase and sale of a property. They can also be used for quick home financing until the buyer secures a traditional loan.

These loans are generally used in the real estate industry. Some investors buy homes in need of repairs, fix them up, and then sell them for a profit. This is known as flipping and can be hard to get financing for.

Other real estate investors might use hard money loans for commercial or rental properties if they can’t find conventional financing.

bridge loans

Hi Leverage Multifamily Financing
5-200 Unit Multifamily Loans
85% LTC

* Loan amount can also include up to 100% of rehabilitation funds up to 85% LTC and 75% of AFTER repaired value!

How Does A Hard Money Loan Work in Aubrundale Florida?

A hard money loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from individuals, institutions or investors who lend money based primarily on the property you’re using as collateral.

Traditional mortgage loans require proof that you can comfortably repay the debt. Lenders often review your credit scores and any income available to evaluate your creditworthiness. If you have plenty of income, savings, or can get another collateralized loan you might not need to worry.

Hard money loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high. 

Benefits of Hard Money Loan in Auburndale Florida

Hard Money Loans Are Approved And Funded Quickly

Real estate investors who haven’t previously used hard money will be amazed at how quickly hard money loans are funded compared to banks. Hard money loans can be funded with 3-5 days if needed. Compare that with 30-90+ days it takes for a bank to fund. This speedy funding has saved numerous real estate investors who have been in escrow only to have their original lender pull out or simply not deliver. This is a perfect situation for a hard money lender to step in, provide financing quickly and save the deal.

Hard Money Loans Provide Funding For Projects That Cannot Be Financed Elsewhere

Hard money lenders provide many loans that conventional lenders such as banks have no interest in financing. A good example of this is a fix and flip loan. These projects involve a real estate investor purchasing a property with a short term loan so that the investor can quickly make the needed repairs and updates and then sell the property. In most cases, the real estate investor only needs a 12 month loan. A 12 month term doesn’t work with a bank’s business model. Banks want to lend money for the long term and are happy to make a small amount of interest over a long period of time.

Not just Auburndale Florida Money Loans, we are offering following loans as well:

Loans Custom Built for Real Estate Investors

Whether you buy and hold, fix and flip, or build to rent, cambridgehomeloan.com has the capital for your investment needs
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.

Fix To Rent Home Loans

    • 1-500+ properties

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

    • 5yr, 7, 10 and 30 year terms

      • Up to 90% of cost

    • Up to 100% of rehab

    • Up to 75% of completed value

    • $70,000 – $100 million

Fix To Flip Home Loans

    • 1-500+ properties

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

    • 12 To 24 month terms

      • Up to 90% of cost

    • Up to 100% of rehab

    • Up to 75% of completed value

    • $100,000 – $100 million

Multi Family /
Commercial Real Estate

      • 1-50+ properties

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

      • 12, 24 mo., 5,10,30,40 year terms

      • Up to 100% of cost

    • $1M – $50M

      • Bridge, Construction, Permanent, Refi.

About Auburndale Florida

Auburndale, Florida was first established centered around a local hotel and named after a city in Massachusetts. With the railroad expanding through the town, locals would seize the opportunity to export their staple – all types of citrus plants and trees. Modern Aurburndale is now known for being a comfortable, quiet town with numerous delicious restaurants and cute shops. 

Almost located exactly in the middle of the state, Auburndale is within an hour drive of either coast and gives easy access to all of Florida. Its location also includes the beautiful Floridian tropical weather with numerous parks, natural preservations, and fresh water lakes. The extensive history of Auburndale could be seen, in-depth, within the Lake Wales Museum.

CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list.

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