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Tampa Hard Money Lender: Finding the Best Rates and Fast Closing Times


If you’re a real estate investor in Tampa, Florida, looking for quick financing options, a hard money loan might be the solution for you. Unlike traditional bank loans, hard money loans are based on the value of the collateralized asset, making them ideal for investors who need fast funding and flexible lending parameters. In this article, we will explore how to find the lowest rates and fastest closing times for a hard money lender in Tampa.

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Understanding Tampa Hard Money Lending Parameters

When searching for a hard money lender in Tampa, it’s important to understand the key parameters that lenders typically consider. These parameters include:

1.      Closing Time: Hard money loans can be funded within 5 to 14 days, ensuring a quick turnaround time for investors.

2.      Loan Size:
Tampa hard money lenders offer loan sizes ranging from $100,000 to $200,000,000, catering to various investment needs.

3.      Loan-to-Value (LTV): Up to 80% LTV is commonly offered by hard money lenders in Tampa, providing investors with significant leverage.

4.      Loan-to-Cost (LTC): Some lenders may offer up to 95% LTC, enabling investors to finance a larger portion of their project costs.

5.      Loan Term:
Hard money loans typically have a term of 12 to 36 months, allowing investors to complete their projects within a reasonable timeframe.

6.      Interest Rates: Interest rates for Tampa hard money loans range from 6.99% to11.99%, depending on various factors such as loan amount and borrower’s creditworthiness.

7.      Amortization:
Hard money loans often have interest-only payment options, providing flexibility for investors.

8.      Origination Fees: Lenders may charge origination fees ranging from 1.50% to 3.50% based
on factors such as location, property, LTV, and borrower’s creditworthiness.

9.      Lending Areas: While most Tampa hard money lenders operate nationwide, there might be restrictions in a few states. will lend nationwide but may have some restrictions in rural areas.


Benefits of Choosing a Hard Money Loan in Tampa

Now that we understand the parameters of Tampa hard money loans, let’s explore the reasons why investors choose this financing option over traditional bank loans with lower rates:

10.  Quick Funding: Traditional banks can take a minimum of 45 days to finance a
residential loan and even longer for commercial or development loans. In
contrast, hard money loans are typically funded by companies like within 5 to 14 days, allowing investors to seize opportunities quickly.

11.  Property Condition: Traditional banks often have strict underwriting guidelines and may not lend on properties needing repairs or lacking cash flow. Hard money lenders are more flexible and are willing to finance properties that require rehabilitation or improvements.

12.  Credit and Income Considerations: Traditional banks heavily rely on a borrower’s credit score, income, and ability to repay the debt. This can result in quality borrowers being turned down due to high debt levels. Hard money lenders focus more on the value of the collateralized asset, making it easier for borrowers with less-than-perfect credit or high debt to qualify for a loan.

Interest Rates for Tampa Hard Money Loans

Interest rates for Tampa hard money loans vary based on several factors, including:

13.  Loan-to-Value Ratio (LTV): The LTV ratio represents the loan amount compared to the appraised value of the property. Higher LTV ratios may result in slightly higher interest rates.

14.  Borrower’s Credit Score & Income: Although hard money lenders prioritize the value  the asset, a borrower’s credit score and income can still influence the interest rate offered.

15.  Property Location and Condition: The location and condition of the property can impact the interest rate. Properties in desirable areas or in good condition may qualify for lower rates.

16.  Borrower’s Equity: Hard money lenders often require borrowers to have some equity or “skin in the game.” The amount of equity can affect the interest rate offered.

Fees Associated with Tampa Hard Money Loans

In addition to interest rates, borrowers should be aware of
the fees associated with Tampa hard money loans. These fees typically include:

17.  Loan Origination Fee: Most hard money lenders charge a loan origination fee,
which ranges from 2% to 5% of the loan amount. 

18.  Document Preparation Fees: Borrowers may incur fees for document preparation, such
as those charged by an attorney.

19.  Appraisal Fees: Traditional banks often require a full appraisal, but some hard money lenders, like  may waive this requirement and instead opt for a cost-effective Broker Price Opinion (BPO).

20.  Other Fees: Additional fees may include financing processing fees and application fees. It’s important to review the terms and conditions of the loan to understand all associated fees.

Prepayment Penalties and Closing Times for Tampa Hard Money Loans

Before entering a hard money loan agreement, borrowers should understand any prepayment penalties and the typical closing times. While prepayment penalties are common in hard money lending, does not impose prepayment penalties, providing borrowers with the flexibility to repay their loans without additional fees for Hard Money Loans. DSCR and refi loans may require ppp penalties.

When working with CambridgeHomeLoan.coml, borrowers can expect quick closing times. As a direct lender, can close loans within a few days when provided with a complete loan package,
including a credit report, income documentation, independent appraisal, and title commitment. The entire process may take about one to two weeks, allowing investors to move forward with their projects promptly.

Appraisal and Property Requirements for Tampa Hard Money Loans

Hard money loans in Tampa typically require some form of property assessment. While traditional banks may require a full appraisal, hard money lenders like may accept alternatives such as a
Broker Price Opinion (BPO). A BPO is a cost-effective option that provides an estimated value of the property based on recent comparable sales in the area.

In addition to the property assessment, hard money lenders may require a detailed description of the work to be done on the property, including a cost analysis worksheet and timeline. Lenders use this information
to release funds in draws and ensure that the borrower has the expertise to complete the necessary repairs or manage the property effectively.

Exploring Long-Term and Short-Term Financing Options in Tampa offers a range of financing options for different investment strategies in Tampa. Whether you’re looking for a long-term loan on a rental property or short-term financing for a fix-and-flip project, we have you covered.

Long-Term Rental Loans

For investors interested in acquiring rental properties in Tampa, offers long-term rental loans with attractive terms. These loans have a 30-year term and are designed for stabilized rental properties. With interest rates starting at 6.49% and a loan-to-purchase price ratio of up to 80%, investors can secure financing for their rental property investments.

Fix-and-Flip Loans

House flippers in Tampa can take advantage of  fix-and-flip loans. These loans provide financing for purchasing and renovating properties, with interest rates ranging from 6.49% to
11.50%. With loan terms up to 36 months and a loan-to-cost ratio of up to 90%, investors can successfully complete their fix-and-flip projects.

Ground-Up Construction Loans

Residential builders in Tampa can benefit from CambridgeHomeLoan’s ground-up construction loans. These loans are specifically designed to finance new construction projects and can cover up to 90% of the loan-to-cost ratio. With interest rates ranging from 6.49% to 11.50% and a loan term of up to 24 months, builders can access the capital they need to fund their construction costs.

Partnering with Capital Funding Financial

Investors in need of hard money loans for their real estate projects can trust to provide fast and efficient financing solutions. With their experience in the industry, offers a streamlined online application process, flexible loan terms, and attractive rates.

To get started with your loan application, contact at 800-826-5077  or click here to apply



When it comes to real estate investing in Tampa, a hard money loan can provide the speed and flexibility that traditional bank loans often lack. With Tampa’s housing market booming, having access to quick funding
and competitive rates is essential for investors looking to seize opportunities. CambridgeHomeLoan.coml offers a range of hard money loan options, from fix-and-flip loans to long-term rental loans, making them a trusted partner for real estate investors in Tampa. Contact them today to explore the financing solutions that best suit your investment needs.

Tampa Hard Money
Lender: Finding the Best Rates and Fast Closing Times

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