Frequently Asked Questions
1. What is Miami Private Loans?
Miami Private Loans (MiamiPrivateLoans.com) is a trusted website that helps real estate investors, developers, and borrowers in Miami and Southeast Florida access private capital through a vetted network of direct private lenders and hard money lenders. We facilitate introductions, we do not lend money ourselves.
2. What types of loans do you offer?
We connect borrowers to private lending solutions including hard money loans, bridge loans, construction loans, fix-and-flip financing, residential and commercial real estate loans, multi-unit property loans, land acquisition loans, yacht financing, aviation financing, and private loans for foreign nationals.
3. What is a private loan or hard money loan?
A private or hard money loan is a short- to medium-term loan secured by real estate, provided by non-bank lenders. Unlike traditional bank loans, approval is primarily based on the property’s value (the “hard asset”), not just the borrower’s credit score or income.
4. How is private lending different from bank financing?
Private lending offers faster funding, more flexible terms, and is often used for unconventional or time-sensitive deals. Banks have strict underwriting criteria, longer approval times, and may not finance projects like fix-and-flips, construction, or foreign national buyers.
5. What loan amounts can I apply for?
Our network handles loan requests typically ranging from $1 million to $250 million and above. Smaller loan amounts may be considered on a case-by-case basis.
6. Which areas do you serve?
We specialize in Miami and major cities across Southeast Florida, including Fort Lauderdale, Hollywood, Sunny Isles Beach, Coral Gables, Pembroke Pines, Boca Raton, West Palm Beach, and more.
Click here to see a list of the cities we serve.
7. Do you charge fees to submit a loan application?
No. There is no upfront cost or fee to submit your loan application through our website.
8. How long does it take to get a response from a lender?
Typically, lenders in our network respond within 2 to 4 business days after we submit your project for review.
9. What information do I need to provide in the loan application?
You’ll need to share details about the property, loan amount requested, project type, your contact information, and any relevant financial or project documents that can help lenders assess the opportunity.
10. Will you guarantee that my loan will be approved?
Submitting an application does not guarantee loan approval. Approval and loan terms are determined solely by the private lenders after their evaluation of your project and financials.
11. What types of real estate projects are eligible?
We facilitate financing for a wide range of projects including residential homes, condominiums, fix-and-flip properties, commercial buildings, multi-unit complexes, raw land acquisition, construction, and even aviation purchases.
12. Can foreign nationals apply for loans?
Yes. Our network includes lenders who specialize in loans for foreign national investors purchasing residential or commercial real estate in Miami and South Florida.
13. What are the typical loan terms and rates?
Loan terms and rates vary by lender and project risk, typically ranging from several months up to a few years, with interest rates higher than traditional bank loans due to the faster and flexible nature of private lending.
14. Do lenders consider my credit score?
While some lenders may review credit, most private lenders prioritize the value and equity of the property securing the loan over the borrower’s credit history. We help facilitate Asset-Based loans.
15. How does the application process work?
- Complete and submit the online loan application form.
- Our team reviews your information and matches you with lenders suited to your project.
- Interested lenders contact you directly to discuss terms and next steps.
- You finalize the loan directly with the introduced lender.
16. Are there any risks associated with private loans?
Private loans generally have higher interest rates and shorter terms than traditional bank loans. Borrowers should fully understand the terms and risks before proceeding.
17. Is my personal and project information secure?
Yes. We only share your information with verified private lenders in our trusted network. We do not sell, rent, or lease your data to unrelated third parties. Please see our Privacy Policy for more details.
18. How do you vet the private lenders in your network?
All lenders are thoroughly vetted based on their track record, experience, and compliance with applicable laws to ensure you connect only with reputable and reliable private lending professionals.
19. Can I apply for more than one loan program at a time?
Yes. Depending on your project and funding needs, you may qualify for multiple loan programs. Our team will help match you with lenders that best fit your situation.
20. What if I haven’t received a response after submitting my loan application?
Please note that after you submit your loan application on our website, it may take 2-4 business days to be reviewed by a direct lender in our network. If you are a borrower, you will be contacted directly by a lender and will receive their full contact information if a lender expresses interest in financing your submitted project and/or if they have any additional questions.
If you have submitted a loan application but have not received a response from us: it is normal, as you will only receive a response if your project meets a lender’s investment criteria and is accepted for further review. Miami Private Loans.com acts as a bridge to connect borrowers with verified private lenders in our network.
If you have submitted a loan application and it is pre-approved or approved by a private or Hard money lender in our Network: If a lender is interested in your real estate project or loan opportunity, they will contact you directly. You will only receive a response if your project meets a lender’s investment criteria and is accepted for further review.
If you have additional questions not covered here, feel free to contact us directly.
