How it Works
Asset-Based & Private Lending Solutions for Real Estate, Yachts, and Aircraft
Get access to Hard Money Loans in Miami and Florida
At Miami Private Loans, we help connect qualified borrowers with trusted private lenders and verified lending firms for real estate projects in Miami and Southeast Florida. Once you submit your loan request, our team will review it and match you with direct private lenders in our network who may be interested in your project and able to provide a suitable private lending solution.
Here’s how it works in 4 simple steps:
1. Complete the Loan Application Form
Fill out our easy online form with key details about your project and the loan amount you require. The more information you provide, the better we can match you with the right lender.
2. Internal Review & Private Lender Matching
Our team reviews your application and identifies the best private lenders and private lending companies in our network based on your project’s size, location, and needs. All the hard money lenders and private lending firms in our network are direct, experienced, and verified, ensuring your project is potentially matched with trustworthy and qualified professionals.
3. Direct Contact from Lenders
If a lender finds your project suitable, they will reach out directly within 3 to 5 business days to discuss terms, request additional information, or begin due diligence. You will only be contacted if a private or hard money lender expresses interest in your loan opportunity.
4. Due Diligence, Terms and Closing
You will work directly with the lender to finalize the loan details, agree on terms, provide necessary documents, and close the loan. At Miami Private Loans, we act solely as an introducer and facilitator, all loan discussions and agreements are handled directly between you and the private lender.
What is a Private Loan ?
A private loan (or hard money loan) is an asset-based loan secured by real estate (collateral). These loans are typically used for real estate investment purposes. Unlike conventional bank loans, which rely on a borrower’s creditworthiness, private lenders focus on the value of the collateral securing the loan.
Private money loans are ideal for borrowers who need fast access to capital or those who may not qualify for traditional loans due to a low credit score, or a complex financial history.
Key Benefits & Added Value of Our Services
- Tailored Loan Opportunities: Access to a broad network of private lenders and private lending firms who specialize in real estate financing and asset-based loans in Miami and Florida.
- Quick Response Time: Lenders typically reach out directly within 3-5 business days if they are interested in your project.
- Confidential & Secure Process: Your information is kept confidential and shared only with trusted, verified lenders who meet your project’s criteria.
- Experienced Lenders: Get access to top private lenders and some of the best hard money lenders in Miami & Florida who have the capital and expertise to fund your project.
- Direct Communication: Once your project is pre-approved, all discussions and agreements happen directly between you and the private lender or private lending company, ensuring transparency and efficiency.
- Flexibility Across Projects: Private lenders and hard money lending companies in our network can support a wide variety of real estate projects, from residential to commercial and beyond.
- Faster Decision-Making: Gain access to experienced private lending companies and lenders who can make quick decisions, minimizing delays and allowing you to seize time-sensitive opportunities.
What is the Difference between Conventional Loans and Private Loans ?
Private loans are asset-based and short-term loans offered by private lenders or private lending companies. The primary requirement for approval is typically the property’s equity or the down payment, which serves as collateral.
- No credit check required
- Minimal documentation required
- No income statement needed
- Faster approval process
- Quick access to capital
- Flexible repayment terms
- Fast Application review and funding decision
- High leverage (up to 85% LTV)
- Fewer requirements than traditional loans
Note: The Terms and conditions may vary depending on the property collateral, lender’s criteria, and loan programs.
Common Uses for Private Money Loans
Real Estate, Yachts and Aviation Financing
Rental Property Financing
Hard money loans can be used to finance the purchase of rental properties, including single-family homes, multi-family units, or commercial buildings. These loans allow for faster access to capital without traditional lender requirements.
Fix-and-Flip Projects
Ideal for real estate investors who purchase, renovate, and resell properties for profit. Private loans are great for distressed properties or when fast funding is needed to seize time-sensitive opportunities. After renovation, investors sell at a higher price, covering loan costs and making a profit.
Equity Cash-Outs
Borrowers with low credit scores but substantial equity can leverage their property to access cash for other ventures or projects.
Bridge Loans
Short-term loans used to “bridge the gap” between the purchase of a new property and the sale of an existing one. These loans are typically used when quick access to capital is needed.
Construction Loans
Financing for building or renovating residential or commercial properties. These loans provide the funds needed to cover construction costs, with the property itself serving as collateral.
Click here to learn more about the loan programs.
