Hard money lender in Florida

5 Replies

Hello everyone! 

My name is Johanna Fonseca and my company does hard money lending in Florida. I have been a member of Biggerpockets for a while now but am just now starting to participate in the forums. Can't wait to learn new things, improve my business, and get to know you all! Networking is a vital part of working in real estate and this is a wonderful way to do it that i have not been utilizing.

Hi Michael, 

hard money refers to a non-institutional loan usually funded by a private individual's personal money. These loans are normally short-term, quick closings, higher interest rates but also much less restrictions than you would get with a bank loan. Typically with a hard-money loan, the lender will only look at the collateral and the equity in the property. Feel free to ask me any more questions you may have.

There's many different factors that go into it as well as a variety of programs that are available so I would need a bit more information. It could be as low as 6.25%. It really is on a case-by-case basis. If you would like more information specific to your case, please feel free to give us a call at your convenience. 

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you