Hard Money Lenders in Miami, FL

Miami hard money rates range from 8.99% to 13.5% as of April 2026. CoreVest Finance and Lima One Capital start at 8.99–9.0% for qualified borrowers. Brickell Capital Finance offers 9.0–12.0% with specialist South Florida expertise. South Florida Hard Money prices 10.0–13.5% but closes in as little as 5 days. Most lenders charge 1–3 origination points. Florida's judicial foreclosure process — running 6–18 months in Miami-Dade — is priced into rates, which typically run 0.5–1.0% higher than comparable non-judicial states like Texas or Georgia.

South Florida Hard Money closes in 5–7 days, the fastest in the Miami market. Brickell Capital Finance and Kiavi both close in 7–10 days for qualified borrowers. The main closing delay in Miami is insurance — wind and hurricane coverage is required by all lenders, and sourcing competitive quotes typically takes 2–5 business days. Pre-arranging your wind/hurricane policy before applying will materially reduce your closing timeline with any Miami lender.

Lima One Capital, Kiavi, and Sunshine State Capital all offer up to 90% LTV for experienced investors on eligible fix-and-flip deals. Brickell Capital Finance and RCN Capital max at 85% LTV. South Florida Hard Money and CoreVest Finance cap at 80% LTV. Higher LTV requires lower purchase-to-ARV ratios and documented investor experience. First-time Miami investors should expect 65–75% LTV regardless of lender.

Yes, but with tighter terms. First-time Miami investors typically see 65–75% LTV versus 85–90% for experienced borrowers, and rates 1–2% higher. Brickell Capital Finance and Lima One Capital have explicit programs for newer investors. The most important factor is the deal itself — a property acquired below 65% of ARV with a clear renovation scope gets approved even without a track record. Starting in more affordable sub-markets like Homestead or Hialeah ($250K–$380K range) is often easier than jumping straight into Brickell or South Beach acquisitions.

All Miami hard money lenders require wind and hurricane coverage, typically combined with hazard insurance. In Miami-Dade, annual premiums for investment properties run $5,000–$15,000 depending on construction type (CBS vs. wood frame), proximity to water, and property value. Coastal properties in South Beach and waterfront Brickell can see premiums of $15,000–$30,000/year. Factor these costs into your carrying cost analysis before committing — insurance is consistently the biggest surprise cost for out-of-state investors entering Miami.

Yes, with conditions. Brickell Capital Finance specializes in Miami condo hard money and has the most flexible criteria. Most lenders fund condo flips if the building passes warrantability checks (50%+ owner-occupied, adequate reserves, no active litigation). Non-warrantable condos — common in investor-heavy Brickell and Edgewater buildings — require higher down payments. Buildings over 40 years old must pass Florida's state recertification (40/50-year rule) — confirm your target building's status, as failures severely limit exit financing options.

Best ROI in Miami as of 2026 is in mid-tier neighborhoods: Little Havana (entry $380K–$510K, ARVs $530K–$700K), Hialeah (entry $300K–$430K, ARVs $420K–$570K, deepest buyer pool), Allapattah (Wynwood-adjacent, entry $360K–$500K), and Kendall/Westchester (entry $420K–$560K, reliable suburban buyer pool). High-end Brickell and South Beach flips offer larger dollar profits but require significantly more capital and carry longer exit timelines at $1M+ price points.

Yes — Miami has an active DSCR lending market. CoreVest Finance and Lima One Capital both offer DSCR rental loans in Miami. Miami's sub-4% vacancy rate and strong rent growth (up approximately 18% since 2021) make DSCR exits more reliable than in weaker rental markets. Miami short-term rental conversions (Airbnb/VRBO) are also viable in Wynwood, Brickell, and South Beach — Sunshine State Capital and Brickell Capital Finance have funded bridge-to-STR deals with DSCR exit paths.

Florida's judicial foreclosure runs 6–18 months in Miami-Dade versus 60–90 days in non-judicial states — this is why Miami rates run 0.5–1.0% higher than Atlanta, Dallas, or Phoenix. For investment properties in LLCs, the process moves faster than for owner-occupied loans (no mandatory mediation), but still runs multiple months minimum. Emphasize deal quality — conservative LTV and strong ARV — to minimize lender pricing adjustments attributable to Florida foreclosure risk.

Yes — Miami is one of the few U.S. markets where multiple lenders offer foreign national programs. Brickell Capital Finance and Sunshine State Capital both serve foreign nationals. Typical requirements: U.S. LLC ownership, valid foreign passport, ITIN, and 30–40% down payment (vs. 15–25% for domestic investors). Foreign nationals cannot access FHA or conventional exit financing, so plan your exit as either a cash-out refinance with a portfolio lender or an outright sale — confirm the path before applying.

CoreVest Finance has the highest ceiling at $50 million, covering commercial and large multi-unit deals. Lima One Capital goes to $5 million, Brickell Capital Finance to $10 million, and Sunshine State Capital to $5 million. For standard single-family fix-and-flip, most Miami lenders handle deals up to $3–5 million. For luxury SFR or commercial acquisitions over $5 million, CoreVest and Brickell Capital are your primary options.

Choose local Miami lenders (Brickell Capital Finance, South Florida Hard Money) when you need maximum speed, local condo expertise, foreign national programs, or nuanced underwriting on South Florida-specific structures. Choose national lenders (Lima One, CoreVest, Kiavi) when you want the lowest starting rate, highest LTV on standard deals, or a single lending relationship across multiple markets. For your first Miami deal, local lenders who know the insurance, condo, and title quirks often save more in avoided problems than national lenders save in rate.