Florida Hard Money Loans
FLORIDA HARD MONEY LOANS FOR REAL ESTATE INVESTORS
The Norris Group provides millions in loans for professional real estate investors every month. We enjoy a proven track record of quality real estate investments and are committed to making the process easy and fast. We provide non-owner occupied hard money loans for primarily single-family properties (1-4 units) all over Central Florida. Are you a buy and hold investor or a flipper? We can help!
FLORIDA HARD MONEY TERMS
Rental Refinance Program
Term: 5 years
Rate: Please Call for Rates
Prepayment penalty: 2 years
Up to 60% LTV
Points: 2 Pts
Fees: $1,095
Appraisal Fee: $375-$400
Florida-registered entity required
Non-owner occupied (NOO) only
Rehabber/Flipper ARV
Term: 1 year
Rate: Please Call for Rates
Prepayment penalty: None
Up to 65% ARV Max with holdback
Points: New investors 2 pts, experienced 1 pt
Fees: $1,095
Appraisal Fee: $375-$400
Florida-registered entity required
Non-owner occupied (NOO) only
Rehabber/Flipper Purchase Price Program
Term: 1 year
Rate: Please Call for Rates
Prepayment penalty: None
Up to 75% of purchase price
Points: New investors 2 pts, experienced 1 pt
Fees: $1,095
Appraisal Fee: $375-$400
Florida-registered entity required
Non-owner occupied (NOO) only
Build to Flip
Term: 1 Year
Rate: Please Call for Rates
Prepayment penalty: None
Up to 65% future value
Points: 2 Pts
Fees: $1,095
Appraisal Fee: $375-$400
Funds control required. Roughly 1% of construction costs.
Florida-registered entity required
* 0.4% additional interest if investor is not opted in for direct deposit. **Points and LTV/ARV are subject to the required third-party appraisal which takes into consideration property condition, property location, and the investor experience. All loan programs subject to change.
FLORIDA HARD MONEY LOAN PROGRAM
Our Florida private money lending and hard money programs are built for speed and ease. We can close in 10 business days!** We work with investors buying directly from sellers, REOs/foreclosures, real estate auctions, short sales, trustee sale refinances, private party, and even the occasional residential construction projects. Our program focuses on single-family residential property (1-4 unit) in the Central Florida area including Orange County, Hillsborough County, Lake County, Osceola County, Seminole County, Polk County and Sumpter County.
TRUSTED LENDER
Since 1997, The Norris Group has funded well over $350 million dollars to investors which have resulted in millions of dollars in profit for our clients. From start-up investors who are looking to get into the real estate marketplace to the seasoned investors who invest multiple times per year, we have both the funding capacity available and the professional resources to meet your needs.
Since 1997, The Norris Group has funded well over $350 million dollars to investors which have resulted in millions of dollars in profit for our clients. From start-up investors who are looking to get into the real estate marketplace to the seasoned investors who invest multiple times per year, we have both the funding capacity available and the professional resources to meet your needs.
GET YOUR HARD MONEY LOAN OR LETTER OF CREDIT TODAY
Whether you have a property you need funding for now or need a letter of credit to submit with your offers, start by filling out our secure online loan application.
fill out online and follow the directions.
All loans not enrolled in our Direct Deposit Program will have an additional interest rate of 0.4% for the short-term loan programs (Example: 9.9% compared to 10.4% on direct deposit). Direct deposit allows us to greatly automate servicing to focus more on origination. It also allows you to not worry about monthly mailings. It’s our way of going green and saving green for both sides of the equation. When you come in to sign new loan docs, simply bring in a voided check.
We can close in 10 business days on our Fix and Flip Program. However, a quick closing is completely dependent on the real estate investor giving complete escrow instructions in a timely manner, completely signing and returning docs on time, and keeping us informed of all changes. In addition, when using entities, investors must have all correcting paperwork for the entity. For faster service, investors should fill out a loan application online and be pre-qualified with The Norris Group. It’s easy, fast, and saves time. Closing time for long-term and construction projects will take longer depending on volume of fix and flips which take priority. Call for expected time frames.
Loan officer
Tel: (951) 780-5856
Fax: (951) 780-9827