Hard Money Lenders Florida

Fast Florida Hard Money Loans, ready to close in less than a week

Need financing for your upcoming real estate project? Get approved for a hard money loan in 10 minutes using our online application

Need funding fast? Look no further than New Silver. New Silver has the perfect selection hard money loans for property investors in Florida.

New Silver has a variety of different hard money loan products available to suit the needs of any real estate investor. Run by a team of experienced real estate professionals, our loans are ideal for real estate investors in FL.

2729 State Road 580, Suite B, Clearwater FL 33761

Florida Hard Money Lender

Getting a traditional loan is a slow, drawn-out and exhausting process. At New Silver, our hard money loans are designed for real estate investors that value speed, efficiency and transparency. Offering house fix-and-flip, fix-to-rent and cash out refinance loans, our team of experienced real estate experts are available to get you capital and assist you with any hiccups that may come up along the way.

New Silver is a top-rated Florida Hard Money Lender. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential, but we can also cater to multi-family and commercial real estate projects. Contact our hard money lending team today to unlock the perfect loan for Florida real estate investors.

Ultimately, if you need fast, efficient, private money lending solutions with competitive interest rates, New Silver is the hard money lender for you.

Loan Programs

Fix and Flip Loans

For house flippers hoping to purchase a fixer upper to renovate and resell in Florida. Interest rates from 6.99 – 9.5%, Loan To Cost up to 90%, with loan terms up to 24 months. Hard Money Refinance Loans also available.

Max Loan Amount: $5,000,000. Minimum credit score 620.

Rental Property Loans

30 year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 4.125%, loan to purchase price up to 80%. Built for buy and hold investors that purchase rental properties.

Max rental loan amount: $1,000,000. Minimum credit score 680. 

Home Construction Loans

Designed for residential builders, our ground up construction loans can finance up to 90% Loan To Cost (LTC). Rates from 6.99-9.5% .

The perfect solution for builders in Florida that need quick access to capital to fund construction costs.

Unsecured Personal Loans

Apply online for a personal loan ranging from $1k to $100k. Rates start from 5.99%. Compare and apply to multiple lenders quickly and easily.

Get pre-approved online immediately, with final approval of the funds within 48 hours. Loan terms up to 10 years.

Reasons To Fund Your Investment Property with New Silver

It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is a hard money lender with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 10 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investment needs.

Frequently Asked Questions

Yes. New Silver is a private lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.

Yes, we are a private hard money lender that provides asset-based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional lenders. This is because the underlying value of the asset is more important than the financial background of the investor when setting the terms of the real estate loan. As a result, the financing and credit score requirements are less stringent, income verification is not needed and the debt-to-income ratio of the borrower doesn’t matter. Plus, we can get you approved and closed within 7 days.

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.

Yes. Our fix and flip loans can act as a bridge loan for real estate investors from 12 to 24 months in duration. More information can be found on the loan products page.

The main reason fix and flip loans have higher interest rates is because of the risks involved in the transaction. Unlike a residential home purchase, a fix and flip project could run over budget or the real estate market could take a turn for the worse, making the property difficult to sell quickly.

In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the lender. The higher interest rate compensates for this risk, and it also explains why conventional loan providers tend to reject house flip loan applications.

The origination fee (loan points) is usually between 2-3%, but this varies based on the loan amount, the loan term, the ltv and the experience of the investor. To work out the expected monthly payments of each loan option, it is best to use our hard money loan calculator.

On this point, it is also worth noting that the monthly payment of each New Silver hard money loan program works on interest only payment. This helps reduce the cash flow burdens of experienced investors while the project is underway.

In short, yes. While our credit requirements are not as stringent as a traditional lender, we do review the credit history of each borrower. If you’re worried about bad credit, it is best to look at our loan products page to see if New Silver is a good fit for your needs.

  1. House Flipping Loan – Designed for house flippers
  2. Rental Property Loan – 30 year loan for investment properties
  3. Construction Loan – For new residential building projects
  4. Rehab Loans – For investors that need capital to renovate properties
  5. Personal Loan – Private money personal loans for whatever you need

Right now, we do not specialize in commercial hard money loan products. With that being said, our maximum loan amounts should be big enough to cover both residential and commercial projects.

Apply for a loan at New Silver today!