What We Do Loans FAQ Contact Us Blog Now Hiring Borrower’S Corner Hard Money Loans For Real Estate Investors In Florida Your Next Deal Starts Here! Fast, Flexible & Competitive Hard Money Loans For Florida Real Estate Investors. Take Advantage Of Our Same-Day Approvals Before Starting Your Next Project. LEARN MORE APPLY NOW GET THE FUNDS YOU NEED TO SECURE THE DEAL. FAST. As an investor, you know great deals don’t last long. Get pre-approved now so you’re ready to strike on your next opportunity. We offer fast funding for up to 100% of the purchase price. Fund up to 100% of purchase price Rates starting at 9.99% Call to get pre-qualified in just 24 hours Close in as little as 5 business days Minimal docs and no income verification Serving real estate investors since 2009 PURCHASE75 LOAN DETAILS Term | 6 months with lender option to extend Rate | 9.99% Points due at closing | 3.0% Loan to value | 75% of purchase price, not to exceed 50% of ARV Credit score | 680+ FICO score Experience | Previous property ownership required Income Verification | None Loan amounts | Starting at $100K SIMPLE70 LOAN DETAILS Term | 12 months with lender option to extend Rate | 11.99% Points due at closing | 3.0% Loan to value | Funding up to 100% of total cost, not to exceed 70% of ARV Credit score | 680+ FICO score Experience | Previous investment properties required for maximum leverage Income Verification | None Loan amounts | Starting at $100K REHAB80 LOAN DETAILS Term | 12 months interest only Rate | Starting at 10.99% depending on experience level Points due at closing | Starting at 2.0% depending on experience level Loan to value | The lesser of 80% of purchase price + up to 100% of repairs or 65% of ARV Credit score | 680+ FICO score Experience | Previous flip experience required Income Verification | None Loan amounts | Starting at $75K EASY90 LOAN DETAILS Term | 12 months with lender option to extend Rate | 10.99% Points due at closing | Starting at 2.0% Loan to value | Funding up to 90% of purchase and 100% of repairs, not to exceed 70% of ARV Credit score | 650+ FICO score Experience | Leverage will vary based on experience Income Verification | None Loan amounts | Starting at $100K Rates and requirements may vary in California. CALL (866) 376-4876 TO LEARN MORE. HOW OUR FUNDING PROCESS WORKS When you find a good deal, you need to move fast. And you need a lender you can count on. We pride ourselves on our ability to consistently deliver on time and under pressure because that’s when it matters most. Get Pre-Approved Apply online and one of our loan officers will get in touch to help you get pre-approved and provide a proof of funds letter should you need one. Submit Your Deal After you’ve found your deal, your loan officer will gather your documentation and guide you through the underwriting and closing process. Flip Your Property Rehab your property and resell within 12 months. SEE WHAT OUR CUSTOMERS HAVE TO SAY "At Sherman Bridge Lending, it’s possible to go to the moon and back in three days, like a Cosmonaut. My loan got approved on the same day and we did close in 3 business days! Their advice, candor, helpfulness, and willingness to do what it took to secure me the best possible outcome was incredible.” – NATALIA C., DALLAS Our hard money loans provide a financial solution for real estate investors, landlords, and brokers looking for loans in Florida. With over 10 years of lending experience, we offer an alternative to conventional lending. Our hard money loans mean fast access to capital, quick approvals, and competitive rates purchase and rehab loans for single-family homes and detached residential properties. When you’re ready to purchase and repair an investment property, we are here to help. WHAT IS A HARD MONEY LOAN? Let’s start with the basics: What is a hard money loan? Also known as bridge loans, flip loans or rehab loans, this type of financing helps real estate investors buy and repair investment properties. Hard money loans are different from the loans offered by banks, credit unions, and mortgage lenders. One big difference? Hard money loans don’t have to conform to standard underwriting requirements. That means real estate investors can use hard money lending to not only purchase distressed properties but to rehab and repair them. Without the rigid underwriting requirements, hard money loans can typically close quicker than other forms of funding, which is crucial when it comes to securing a competitive deal. Another difference between hard money and conventional loans? Hard money loan amounts are based on a property’s potential, after-repair value, rather than a property’s current, “as-is” value. That means working with a hard money lender allows investors to finance properties as if they were paying cash. Taken together, these characteristics make hard money loans a tool investors can use to close deals quickly and optimize leverage. WHO CAN QUALIFY FOR A HARD MONEY LOAN IN FLORIDA? Hard money loans offer an alternative to conventional loans for a range of buyers. They’re especially helpful for “fix-and-flippers,” or real estate investors who buy distressed properties, then repair and rehab for sale or to rent. Flippers sometimes need to make real estate investment decisions on a dime. We understand the need for speed; that’s why we offer such a fast approval process. Often, our hard money loans are closed and funded in just 7 business days! But not all real estate investors want to fix and flip. Many wish to purchase distressed properties to repair and rent to tenants. Rental loans help landlords maximize their investment opportunities through a range of rehab, refinance, and purchase-only options. Unlike conventional or bank loans — which focus on individual credit-worthiness — hard money loan underwriting is based largely on the future value of the asset the investor is purchasing. Our loans are available to real estate investors that meet certain credit and liquidity requirements, rather than first-time homebuyers or buyers who plan to live in the property they wish to purchase. WHERE DO WE OFFER HARD MONEY LOANS? We work with real estate investors to provide hard money loans in a wide range of locations across the U.S. Currently, we lend in: Alabama California Colorado District of Columbia Florida Georgia Kansas Kentucky Maryland Missouri New Jersey North Carolina Ohio Oklahoma Pennsylvania South Carolina Tennessee Texas Virginia Wisconsin WHAT ARE THE BENEFITS OF HARD MONEY LOANS? Why do so many borrowers choose hard money loans over traditional loans? As investors know, time is money in real estate. When funds are needed within a short period, banks and mortgage lenders simply can’t deliver on time. In contrast, we offer a quick, easy process that leads to closed, funded loans in as little as seven days. Hard money loans are an ideal choice for real estate investors who need fast access to funds. Bridge loans offer flexibility, as well. Banks, credit unions, and other traditional lenders have rigid underwriting requirements. Many won’t fund distressed property loans or offer funding for rehab and repair. Bridge loans are designed so investors can purchase distressed properties, then rehab them to increase their value through sale or renting. Best of all, hard money loans are based on a property’s future value, not a current, “as-is” condition. This means more money to work with… and more leverage. STRATEGIES FOR MAKING THE MOST OF HARD MONEY LOANS Speaking of leverage, how can an investor make the most of their hard money loan? When an investor wants to purchase a fix and flip, they may choose to use their own money to do so. In most cases, this means draining an account, then waiting to recoup those costs until the repairs are complete and the property is sold or rented. In contrast, taking out a hard money loan means less out-of-pocket cost. The investor can use the bridge funding to purchase and repair the property without draining their account. That leaves their own funds available for other investment projects. This way, investors use just a small percentage of their cash on hand and leverage it to make more. WHAT KIND OF PROPERTIES CAN YOU GET A HARD MONEY LOAN FOR IN FLORIDA? We provide hard money loans for landlords, flippers, and brokers. We fund distressed investment properties, including detached single-family residential properties with one to four units. FREQUENTLY ASKED QUESTIONS What is the term of the loan for hard money? What are the requirements to qualify for a hard money loan in Florida? How long does a hard money loan take to close in Florida? What is the minimum loan amount? What are the fees associated with a hard money loan? What criteria are used to qualify a property for hard money? Get pre-qualified now so you’re ready for your next deal. Fill out the form below to get started. Property State: Please Select Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming What type of loan are you looking for? Fix and Flip Rental Purchase / Rental Refinance GET STARTED CALL US NOW AT (866) 376-4876 All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms, and interest rates are subject to change without notice. Other restrictions and limitations may apply. About Us Privacy Contact Us Now Hiring General Information Disclosure (866) 376-4876 Copyright 2021 | All Rights Reserved. Sherman Bridge Fund, LLC. operates via NMLS ID 1303151 Special End Of Year Savings! RATES AS LOW AS 8.99% For a limited time get our best rates of the year on the Easy90 and Simple70 fix-and-flip loans. Explore Easy90 Explore Simple70