Florida Hard Money Loans
How Do Florida Hard Money Loans Work?
A hard money loan in Florida is offered by AHL Hard Money Network private investors and is based on property equity rather than credit ratings. It is perfectly suited for people with less than perfect credit or who are self-employed and showing inconsistent income not suited for conventional bank loans. Hard money loans are typically shorter than conventional mortgages, with loan terms from 1-5 years.
Hard money loans in Florida may be either interest-only loans with a balloon payment at the end of the term or a combination of principal and interest, depending on the wishes of the investor. AHL Hard Money Network will connect you quickly with investors who can determine the value of the property you are using for collateral and tell you the amount they will finance.
Borrowers can use a variety of properties to secure a hard money loan:
- Single-family homes
- Strip malls
- Multi-family homes
- Industrial properties
A hard money loan from the AHL Hard Money Network can be useful for house flipping, buying a second home, land purchases, business improvements, paying off high-interest rate loans, or satisfying an IRS lien. Other uses include:
- Home improvements
- Repairs or new business equipment
- Medical debts
- Pay tuition bills
- Complete construction on a home or investment property
- Obtain funds for any purpose when poor credit prohibits other loans
When you contact AHL Hard Money Network, our investors are ready to assist you. They will review the property equity you have, possibly look at income statements, and may have a cursory look at your credit. They need to be satisfied that your loan does not create undue risk for them. We will complete your loan application quickly once approved and you can receive your money in several business days versus weeks from a bank. For more information on hard money loan availability in Florida please call or text the AHL Hard Money Network at 813-368-9919.