Hard Money Loan Solutions

About Hard Money Loan Solutions

Hard Money Loan Solutions is a Delray Beach, FL based private money lender who provides funding throughout Broward County, Miami-Dade County, Palm Beach County, Hillsborough County, and Lee County. They provide ground up construction loans, commercial loans, cash out hard money loans, fix-and-flip loans, short term loans, and loans for investments properties. Their loan guidelines are flexible, including terms between 1 year and 5 years, rates ranging between 11.99% and 17.99%, and loan amounts ranging from $50,000 to $50,000,000 with a maximum LTV of 75%. The focus of their lending is on single family homes and multi-family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Broward County, Miami-Dade County, Palm Beach County, Hillsborough County, Lee County

Lending Guidelines for Hard Money Loan Solutions

Below are the general loan guidelines published on the Hard Money Loan Solutions website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Hard Money Loan Solutions.

Loan Example 1

Tom takes a fix-and-flip loan from Hard Money Loan Solutions in order to rehab a duplex to flip in Miami, FL. The list price of the house is $200,000. The terms of the deal include a 80% loan-to-value (LTV), so he must bring 20% of the price as cash to closing, making the principle loan amount $160,000. The loan is interest-only, paid monthly, and is for 6 months at 8% interest with 3 origination points to be paid when the deal closes.

Therefore, the borrower will need to contribute a $40,000 down payment plus pay a $4,800 origination fee. Once the loan closes, he will need to pay Hard Money Loan Solutions $1,067 in monthly interest payments, or 8% multiplied times $160,000 divided by 12 months in a year. Tom's intention is to finish the remodel within the 6 months and re-sell it for $260,000. If he succeeds he will collect a total profit of $48,800 ($260,000 price - $160,000 principle - $40,000 down payment - $4,800 origination fee - $6,400 in total interest.

Loan Example 2

Hard Money Loan Solutions makes a loan to Chris for a remodeling project in Miami, FL. The deal dictates the following:

$270,000 sales price
70% loan to value (LTV)
18 month term
12% interest rate
4% origination fee

If Chris accomplishes his goal of a $405,000 sales price, the numbers of the deal would be the following:

$405,000 sales price
- $189,000 principle (70% LTV)
- $81,000 down payment (30% on 70% LTV)
- $7,560 origination points (4% of the $189,000 principle)
- $34,020 interest payments (18 months x 12% interest)
-----------------------
= $93,420 gross profit (does not include taxes or renovation costs)

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