Hard Money Loans for Short-Term Rentals in Florida
Hard Money Loans
Florida’s real estate market moves fast—and so should your financing. Whether you’re flipping a home in Tampa, rehabbing in Jacksonville, or buying a short-term rental in the Keys, BNB Lending offers hard money loans in Florida that let you act quickly. These loans are based on the property’s value, not your income or credit score. Florida investors benefit from quick approvals, flexible structures, and funding options that work for time-sensitive, high-reward opportunities.
How to qualify
To obtain a quote, we will need the following information:
Property Value and
Purchase Price
Down Payment
Amount
Credit Score
Asset Types
- Single Family Homes
- Townhomes
- Condos
- 2 - 4 Units (Duplex, Triplex, Quadplex)
- Multi-Family: 5 - 8 Units
- Mixed-Use: 2 - 8 Units
- Multi-Family: 9+ Unit
Loan Terms
- Loan Sizes:
$100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
- Purchase LTV:
Up to 85%
- Rate & Term Refinance LTV:
Up to 80%
- Cash Out Refinance LTV:
Up to 80%
- Amortization:
30 Year % 40 Year Amortization Options Available
- Term Lengths:
5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
- Floor Rate:
5.50% (subject to change daily due to market volatility)
- Full Recourse
with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
- DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
- Vesting:
Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
- Average Time to Close:
14 to 35 days
Wondering if you qualify for investment property financing in your area?
We offer lending services in all 50 states! Find out more and get your application started today!
Frequently Asked Questions
What are hard money loans and how do they work for real estate investors?
Hard money loans are asset-based loans designed for real estate investors who need capital fast. Rather than relying on the borrower’s credit score or income, lenders evaluate the property itself. These loans often include short terms—typically 6 to 36 months—interest-only payments, and limited documentation. Florida investors use hard money for fix-and-flips, short-term rental acquisitions, or properties that banks won’t finance. The key benefits are speed, flexibility, and access to funding when traditional lenders fall short.
When should an investor consider using a hard money loan instead of a conventional loan?
When timing matters or when the property doesn’t qualify for a conventional mortgage, hard money is the better option. In Florida, investors often use these loans to purchase distressed properties, compete with cash buyers, or buy through an LLC. Hard money is also useful when credit is poor or income is hard to document. These loans offer a faster, more flexible way to secure deals, especially when conventional financing just can’t keep up with your investment timeline.
What makes hard money different from other types of financing?
The biggest difference is underwriting: banks focus on your income and credit, while hard money lenders care about the deal and property value. That shift allows Florida investors to get approved quickly, even for unconventional properties or investment structures. While rates are higher, the payoff is speed and simplicity. Hard money loans are a tool for professional investors who need capital fast, not months of paperwork. For the right project, they’re often the only viable path to funding.
What are the typical loan terms for a hard money loan?
Hard money loans in Florida generally come with terms of 6 to 36 months and feature interest-only payments. Purchase LTVs can reach up to 85%, while refinances typically go up to 80%. Rates are higher than traditional mortgages, but closing times are dramatically faster. Lenders may include origination fees, reserve requirements, or flexible amortization plans based on the deal. These loans are built for investors who prioritize fast capital and a clear exit strategy.
How quickly can a hard money lender close a deal?
Hard money lenders in Florida can often close deals within 3 to 10 days. That’s a major advantage for investors who need to act fast—whether for an auction property, off-market deal, or a motivated seller. Because underwriting is minimal and focused on the property, closings are significantly faster than bank loans. This speed can be the deciding factor in a competitive bid or tight transaction timeline, helping you win deals others can’t.
Can I get a hard money loan in Florida with poor credit or no income documentation?
Yes. Florida real estate investors can secure hard money loans even with poor credit or no traditional income verification. Since the loan is based on property value, your credit history plays a smaller role. Florida does require lenders to be licensed and to follow usury and disclosure laws, especially for consumer-facing deals. If your loan is for business purposes, many exemptions apply. Still, it’s essential to choose a lender who is transparent and compliant with Florida’s lending rules.
