¿Inversionistas inmobiliarios buscando un préstamo privado en EEUU?
¿Por qué nosotros?
Aprobación entre 24-48 horas, cierres en promedio entre 7-12 días.
Sin Penalidad de Prepago
No hay penalidad por pagar o amortizar el préstamo en ningún momento.
Términos competitivos con pagos de solo interés hasta la maduración.
Todos son Bienvenidos
Incluidos inversionistas sin historial, nuevos negocios o extranjeros sin experiencia.
What is a Hard Money Loan?
Hard money loans are essentially short-term loans, secured by a tangible asset. Many real estate investors consider them a good alternative to traditional lending for a variety of reasons, with the most important being the ease and speed of the transaction. Due to the competitive nature of the real estate investment industry, the ability to close quickly is a huge advantage for an investor vying for a hot property. Smart investors know that presenting an all-cash offer to a seller can increase the likelihood of securing the deal.
Additionally, hard money lenders are a practical solution for borrowers when conventional banks turn them down. Investors who lack sufficient liquid assets or have questionable or no credit history can borrow against the physical property and not their personal financial assessment. Having the loan backed by the real estate or “hard asset” considerably reduces the risk to the lender. Furthermore, new investors without a successful track record of rehabbing are more likely to get funding with a private real estate loan.
These loans typically range from 6 to 24 months and normally have a fixed rate, while points and closing costs might vary.
How to get Hard Money Loan in Miami
Miami Hard Money Loan Programs
Fix and Flip Loans
How is RBI Mortgages different from other Private Money Lenders in Miami, FL?
The Miami housing market is one of the best long-term investments for real estate investors. The Miami market has consistently maintained a well-balanced ratio of buyers and sellers. Designated as the “Magic City,” Miami is known for its white sand beaches, eclectic culture, fabulous food, amazing nightlife, and even better weather. According to a recent Forbes report, Florida is home to the largest number of investment-friendly cities among all 50 states and remains one of the top desired places to live in Florida. Miami is well on its way to becoming an international business hub and can be very lucrative for both foreign and domestic real estate investors.
RBI Mortgages knows the Miami real estate market and offers the best solutions for foreign and/or local borrowers looking for cash and/or fast closing. When comparing loan rates, RBI Mortgages has some of the most competitive rates in Miami. New and experienced investors will discover we understand the lending market and are committed to offering the highest level of customer service.
Why Use Fix and Flip Loans ?
Fix-and-flip loans are designed to cover the entire cost of a rehab project. Investors should have a strong grasp on the numbers before shopping for a loan. Compiling the purchase price, renovation costs, and after repair value (ARV) of the asset helps to determine the loan-to-value (LTV), or the amount required for down payment, mortgage rates, and risk to the lender. Generally, lenders base the loan amount on an LTV at or around 65% of the appraised property value. If the “hard asset” or property is valued at around $200k, the loan offered might be in the $130k to $145k range.
Real estate investors should look closely at the cost-to capital, evaluate points, percentages, and closing costs to determine the profit margin and whether a lender’s terms will conform to the rest of the deal. Will there be enough margin to make the deal work? Is the loan consistent with the investment deal? Even the most experienced investors consistently shop around for lenders and loan options, always looking for a great referral.