Hard Money Lenders in Miami, FL
Find the best hard money lenders in Miami, FL. Compare rates, LTV, funding speed, and loan types from lenders who actively fund deals in the Miami-Dade and South Florida market.
Hard Money Lending in Miami, FL
Miami's hard money lending market is driven by one of the most dynamic real estate markets in the country. With a median home price around $580,000 in Miami-Dade County — and significantly higher in prime areas like Miami Beach, Brickell, and Coral Gables — the stakes are higher but so are the returns. International capital flows, population growth from domestic migration, and a booming luxury market make Miami a magnet for real estate investors.
The most active investment neighborhoods include Little Haiti (one of the last undervalued areas near the Design District), Allapattah (adjacent to Wynwood, rapid appreciation), Overtown (downtown proximity, transit access), Liberty City (affordable entry, strong flip margins), and suburban areas in Homestead and Florida City for entry-level investors. Condo conversions and short-term rental plays are also popular strategies in Miami Beach and Wynwood.
Miami's lending landscape includes locally focused firms like Brickell Capital Finance and South Florida Hard Money who understand the unique dynamics of South Florida real estate — from condo association requirements to hurricane insurance costs. The market also attracts national and international capital, making it one of the most competitive lending environments in the country. Spanish-speaking lender support is widely available.
Brickell Capital Finance
Miami-based full-service hard money lender covering all of South Florida. Handles single-family flips through large condo conversion projects.
Lima One Capital
National private lender headquartered in Greenville, SC. Specializes in fix-and-flip, bridge, and rental portfolio loans for real estate investors across the Southeast and nationwide.
Kiavi
Technology-driven private lender (formerly LendingHome) offering fast pre-approvals and competitive rates for fix-and-flip and bridge loans nationwide.
South Florida Hard Money
Regional lender focused on Miami-Dade, Broward, and Palm Beach counties. Fast closings and deep local market knowledge for residential projects.
CoreVest Finance
Large-scale private lender focused on portfolio and bridge loans for experienced investors. High loan ceilings for multi-property deals.
RCN Capital
Connecticut-based nationwide private lender specializing in fix-and-flip, bridge, and long-term rental financing for real estate investors.
Sunshine State Capital
Statewide Florida lender with particular expertise in Miami luxury market bridge loans and new construction financing.
Miami Service Area
How to Choose a Hard Money Lender in Miami
Ensure They Understand Miami Insurance Requirements
Insurance is the wild card in Miami real estate deals. Wind/hurricane insurance, flood insurance, and liability coverage can add $10,000-20,000 annually to your carrying costs. A good Miami hard money lender will help you estimate these costs accurately during underwriting so there are no surprises. Lenders who've funded 100+ Miami deals know which insurance carriers are fastest and most affordable.
Check Condo Financing Capabilities
If you're considering condo flips in Miami, not every hard money lender can help. You need a lender who understands condo association requirements, warrantability, and the specific risks of Miami's condo market (special assessments, recertification requirements for buildings over 40 years old). Brickell Capital Finance is a standout here.
Evaluate Their South Florida Network
Miami deals move fast and often require specific local connections — reliable contractors, title companies with bilingual staff, insurance agents who specialize in investment properties. Lenders who are embedded in the South Florida investment community can refer you to trusted service providers. This network is especially valuable for out-of-state investors doing their first Miami deal.
Plan Your Exit Strategy Before Choosing a Lender
Miami's market supports multiple exit strategies: flip to retail buyer, flip to international buyer (cash), refinance to conventional or DSCR loan, or short-term rental. Your lender should align with your exit. If you plan to refinance, choose a lender with no prepayment penalty. If you're targeting international buyers (common in Brickell/Miami Beach), factor in longer sales timelines and consider a lender with generous extension terms.
Frequently Asked Questions About Hard Money Loans in Miami
Hard money loan rates in Miami range from 9.0% to 13.5%. Brickell Capital Finance and Sunshine State Capital offer starting rates around 9.0-9.5% for qualified borrowers, while smaller local lenders may charge 10-13%. Miami's rates are slightly higher than the national average due to increased insurance costs and hurricane risk factors. Points run 1-3%, and some lenders add a construction holdback for renovations.
Most Miami hard money lenders close in 5-14 days. South Florida Hard Money is among the fastest at 5-7 days for straightforward deals. The main delay in Miami closings is often insurance — getting wind/hurricane insurance quotes takes time and is required by all lenders. Having insurance lined up before applying can shave 3-5 days off your closing timeline.
Not required, but Miami's higher price points mean lenders are more cautious with beginners. Expect 65-75% LTV and rates at the higher end (11-13%) for first-time borrowers. Starting with a deal in a more affordable sub-market like Homestead or Florida City ($200-300k range) can help you build a track record before tackling higher-value properties in core Miami.
Yes. Miami has several unique factors: hurricane/wind insurance is required and adds to carrying costs ($5,000-15,000/year depending on property), condo investments require lender approval of the HOA's financials, flood insurance may be required in coastal areas, and foreign national borrowers can access hard money loans (not available everywhere). Factor these costs into your deal analysis before committing.
Yes, but with restrictions. Most hard money lenders will fund condo flips if the condo association meets certain requirements (adequate reserves, insurance coverage, owner-occupancy ratio above 50%). Brickell Capital Finance specializes in condo deals. Warrantable condos are easier to finance; non-warrantable condos may require higher down payments. Always verify the condo's Fannie Mae eligibility for your exit strategy.
Hard Money Lenders in Nearby Cities
Compare lenders across markets to find the best terms for your deal.