This is a list of the best Tampa hard money lenders.
Ranked by minimum loan requirements, origination fees, maximum loan amounts, positive reviews and more.
Let’s jump right in.
Here are the lenders offering 30 year rental loans, fix and flip loans and bridge loans for real estate investing in Tampa, Florida.
Bridgewell Capital LLC
2400 E Colonial Dr #200, Orlando, FL 32803
Bridgewell Capital LLC is a Tampa private money lender specializing in hard money loans. Loan programs include commercial real estate lending, 5 year rental loans, long term rental property loans, fix-to-flip loans, fix-to-rent loans, cash-out refinancing and financing for multi-family real estate investments.
They have over a 100 positive reviews online and an A+ rating on Better Business Bureau. Bridgewell Capital has been around for over 15 years (founded in 2008) and has closed over $500MM in hard money loans. They are one of the few hard money lenders, Tampa real estate investors keep coming back to.
Bridgewell’s team processes and funds everything in-house. This gives them more flexibility on approving hard money loans. For example, other private lenders will deny an applicant because of a bad borrower’s credit score or a recent foreclosure on their credit report.
This is not the case with Bridgewell Capital. They offset risk by focusing on the borrower’s real estate investment experience and the valuation of the investment property. This allows them to accept more risk and approve a wider range of real estate investors.
Even if you have bad credit, a bankruptcy, a recent foreclosure or are self-employed, they will work with you. For those interested in a fix a flip loan, they do not charge interest on undrawn rehab funds. This is major competitive edge over other hard money lenders in Tampa, Florida.
DKC Lending LLC
2541 N Dale Mabry Hwy #126, Tampa, FL 33607
DKC Lending is a private lender in Tampa, FL offering private money loans to real estate investors. David Clemens is the CEO and Co-Founder of DKC Lending who has experience in real estate development. Their online reviews are excellent and they maintain an A rating on Better Business Bureau.
The small team has a heavy focus on Florida real estate loans. If you’re looking for a personal account executive and don’t want to be constantly transferred to another department, DKC Lending is a great option.
They fund fix and flips, refinance rental properties, offer fix and lease loans, new construction loans, transactional funding and non-recourse commercial loans.
Easy Street Capital
1201 E Cesar Chavez St Suite 1, Austin, TX 78702
Easy Street Capital serves real estate investors all over the country, so it’s no surprise they want a piece of Tampa’s real estate deals. They’re among the largest hard money lenders in the United States and are broker-friendly. They’re efficient, utilize a simplified approach and require minimum documentation.
Founded in 2016, they’ve worked hard to spread their product offerings to 40 states. While most hard money lenders offer every product under the sun, Easy Street chooses to focus. This is how they have been providing unparalleled customer service in the real estate industry.
Their hard money loan programs consist of fix and flip short term loans, long-term investment property loans, rental portfolio loans and construction loan products.
Clearwater Mortgage
823 Court St, Clearwater, FL 33756
Clearwater Mortgage is a private mortgage lender in Clearwater, Florida. This family run business is owned by Sandy Chinchar who focuses on win-win business relationships. They’ve been featured in the Tampa Bay Times and have been in business since 2012. However, they’ve been in the mortgage industry since 1999.
Online reviewers have given Clearwater Mortgage almost a perfect rating for providing unparalleled customer service. While they are not a direct lender, they do have access to hard money. By working with Clearwater Mortgage, you get access to both traditional loans and hard money loans.
Capital Funding Financial LLC
5550 Glades Rd Ste #200, Boca Raton, FL 33431
Capital Funding Financial LLC specializes in funding for non-owner occupied investment properties and other real estate related business purpose loans. While they are located in Boca Raton, Florida, they are an excellent choice for Tampa hard money loans.
They provide hard money loans on fix & flips, finance the purchases of rental properties, ground up construction loans and can even help foreign nationals fund a real estate investment project. They’ve been featured in Forbes, Yahoo Finance, Entrepreneur Magazine and Miami Herald.
Depending on the borrower’s credit worthiness, they can even get approval in 24 hours and close in as little as 3 days. Obviously, that would be a perfect scenario and you would have all your paperwork ready upfront, but the option is there.
Unlike other direct hard money lenders, they do not require an appraisal, tax returns, income verification and there is no minimum credit score. No minimum credit score requirement obviously comes with higher interest rates and most likely a significant down payment, but again the option is there for real estate investors.
Considering they have excellent online reviews, they are a great choice for your next hard money loan when buying an investment property in Tampa, FL.
FlipCo Financial
12140 Wickchester Ln STE 100, Houston, TX 77079
FlipCo Financial is a Tampa hard money lender that’s recognized all over the country. Owned by a company with over 20 years of experience, it’s safe to say they know what they’re doing.
They lend almost entirely on the hard asset and do not take income or tax returns into account. Since they do not require 3rd party appraisals or surveys, they can even close within 3 days. This is obviously assuming a perfect scenario, but what other conventional lenders can do that?
While they do issue hard money loans in Tampa, FL, they also work with Texas, Tennessee, Florida, Georgia, Kansas, Missouri, Arizona, Colorado, North Carolina and South Carolina. Since hard money is a competitive market, they prefer to focus on short term loans such as fix and flips, short-term bridge loans, non-owner occupied refinances and transactional funding.
Benworth Capital
700 Biltmore Way C-1, Coral Gables, FL 33134
Benworth Capital is a Florida-based alternative to traditional bank financing. They offer residential property and commercial mortgage loans as well as refinancing options. The company focuses on quick approvals, fast closings, and low documentation requirements.
Their rental property hard money loans require a government-issued ID, proof of cash flow and property information, such as purchase price. They will then calculate loan-to-value ratio using the sales price and loan amount needed.
Benworth Capital aims to provide access to hard cash specifically to real estate investors. Unlike traditional loans, they do not require a credit report to get approved. They base investment capital approval on your ability to repay a loan today rather than what happened yesterday.
They work with real estate investors who have bad credit, can offer a 24-hour initial approval, fast closing and offer no prepayment-penalty. Your loan amount will vary based on the purchase price, Tampa real estate market trends, potential resale value and down payment.
RBI Private Lending
19495 Biscayne Blvd Ste 801, Miami, FL 33180
RBI Private Lending specialize in private loans for Tampa real estate investors. They’ve closed over $200 million in hard money lending deals and over 3,000 loans in the last 2 years. RBI has been featured in Miami Herald, TheRealDeal and Scotsman Guide.
They can offer loan approvals in as little as 24-48 hours and their average successful closing is 7-12 days. RBI Private Lending offers competitive interest rates, no prepayment penalties and even works with borrower’s who have no credit history.
Whether you’re a new business in Tampa, a foreign national looking to buy in Tampa or have no credit history, they will work with you on a deal. You may have to put up a significant down payment, but you will receive a reasonable loan amount.
RBI offers short-term loans such as bridge loans, fix & flip financing, rental property loans, new construction real estate investment projects, land loans and commercial loans.
LendingOne
777 Yamato Rd Suite 510, Boca Raton, FL 33431
LendingOne is a direct hard money lender, offering short-term non-qualifying mortgage loans to the average real estate investor. They provide loans for long term rental property purchases, fix and flip rehab financing, investment property refinancing, cash-out refi, new construction financing and other commercial loans on investment properties.
Since they are a private money lender, they analyze listing prices, inventory data, and average days on the market to gauge profitability in the Tampa real estate market. LendingOne looks at education level of the Tampa workforce, the Tampa economy, and the presence of key businesses.
LendingOne has streamlined the loan application process for real estate investors by combining technology and superior customer service. Like other private lenders, they lend hard money loans. Therefore, expect higher interest rates and in turn higher interest payments.
Stratton Equities
28 Bloomfield Ave #302, Pine Brook, NJ 07058
Stratton Equities is a private money lender specializing in non-qualifying mortgages. They do business in 45 states and close loans in-house. Regardless of which hard money loan program you’re interested in, they can close fast. They can send pre-approval letters within 24 hours and close within 3 weeks.
Loan brokers can choose to work with any private money lenders, yet many choose Stratton Equities. This is because they have streamlined the process and require minimum documentation.
These are the types of hard money loans they work with in the Tampa real estate market: rental property loans, fix and flip rehab loans, NO-DOC mortgage loans, DSCR loans for self employed investors, commercial bridge loans, cash-out refi and other no-income verification loans.
Lightspeed Lending
499 E Palmetto Park Rd Suite 226, Boca Raton, FL 33432
Lightspeed Lending is run by Andrew Weissman in Boca Raton, Florida. They are a private money lender in Tampa, Miami, Fort Lauderdale, Orlando, West Palm, Jacksonville, Naples, Sarasota, South Florida and other cities in Florida.
They help fund fix and flip properties, rental property loans and short-term loans such as bridge loans. They work with non-owner occupied single-family residential properties, townhomes, condominiums.
Tampa Hard Money Loans: Getting Approved
Need funding to buy a Tampa property, but don’t want to lose the deal by going with the wrong lender? We get it, we’ve been there.
Every real estate investor has a different financial portfolio, different credit score and different funding needs. Not to mention years of experience in real estate investing.
Every hard money lender wants your money and application. They will say anything and write anything to get you to apply. Once the transaction has started, they know it’s too late for you to go anywhere else.
You end up getting a low LTV and high interest rates. Sound familiar?
We work with dozens of hard money lenders and match real estate investors to the right lender. A lender who’s risk profile matches the real estate investor’s risk profile.
This results in higher loan amounts, higher LTV’s and a lower interest rate. Contact us to get started.