Sarasota County
Quick Loans
Hard Money Loans
in Sarasota County
As direct hard money lenders, we specialize in hard money lending in Sarasota County, serving the needs of real estate investors throughout Florida. With an in-depth understanding of the dynamic Florida real estate market, we are well-equipped to assist you in financing your next investment property. We offer short-term loans at competitive rates, designed to cater to the needs of investors.
The main requirement is the ability to repay them quickly. At CB Capital, our private money loans are based on the property’s value rather than the borrower’s credit score. This approach ensures a more streamlined loan application process with minimal bureaucratic hurdles, making the process efficient for our clients.
What is a Hard Money Lender?
Hard money loans are a short-term borrowing solution that enjoys popularity among real estate investors. However, they can also prove beneficial for borrowers with valuable assets but a less-than-ideal credit history.
Primarily utilized by real estate investors, house flippers, developers, and those seeking swift access to funds for property acquisition, rehabilitation, or development, hard money lenders serve as a valuable resource in specific real estate investment scenarios where traditional financing options may not be accessible or suitable.
What Are Some Types of
Hard Money Loans?
In contrast to conventional real estate loans, hard money loans from a direct lender offer greater flexibility for all involved parties.
Collaborate with our team of experts for the potential to secure financing in as little as five days in certain situations.
Here are a few instances of the diverse private money loans we offer in Florida:
Commercial Hard
Money Loans
Rehab Loans
Rental Property
Loans
House Flipping
Loans
Bridge Loans
Loan Products
We offer our real estate investors different loan options to fit their needs. Choose a
loan that will help fund your next real estate deal.
Fix & Flip
Funds for purchase & rehab for residential properties
- Get up to $2,000,000
- Interest rate starting from 9%
- Origination from 1.00%
- Up to 100% construction
Cash-Out Refinance
Cash-out funds for properties you already own
- Get up to $2,000,000
- Interest rate starting from 9%
- Origination from 1.00%
- 1-2 year terms available
Bridge Loans
Fast funds to help you secure the deal.
- Get up to $5,000,000
- Interest rate starting from 9%
- Origination from 1.00%
- 1-2 year terms available
Ground Up
Construction loans for builders and developers
- Get up to $5,000,000
- Interest rate starting from 9.5%
- Origination from 1.875%
- Up to 24 months available
Broward House Market Loan Overview
Average Home Value
There are many benefits to hard money loans. One of the most important is that they are cash and done
- Get up to $2,000,000
- Interest rate from 7.5%
- Origination 2-3%
- 30-year fixed rate
Avg 1 Bedroom Rent
Why wait months for approval? Each step of the hard money loan process can be taken care week
- Get up to $2,000,000
- Interest rate from 7.5%
- Origination 2-3%
- 30-year fixed rate
Avg 3 Bedroom Rent
There are many benefits to hard money loans. One of the most important is that they are cash and done
- Get up to $2,000,000
- Interest rate from 7.5%
- Origination 2-3%
- 30-year fixed rate
still have questions?
Our team provides loans for a variety of different home types such as the ones below:
- Single Family Home
- Townhomes
- Multi-Family Units
- Apartments
- Condominiums
- And other home types
While each deal varies, our typical lending approach allows borrowers financing up to 85% of their projects cost.
Typically, our interest rates stand at 10.00%, with loan terms ranging from 12 to 24 months. There are associated closing costs, including a 1.50% origination fee. The majority of our loans are structured as interest-only, where fixed interest payments are made throughout the term, and the full balance is due at maturity.
For residential properties, we aim to deliver a term sheet within 24 hours. After approval, the average time to close is typically 5 to 10 days for bridge loans, and 10 to 15 days for fix and flips or rental properties. Closure time for commercial properties may vary, contingent on factors such as appraisal, title, and environmental conditions.
The majority of our loans do not impose prepayment penalties, allowing you to pay off the loan in its entirety before the term concludes without any additional fees.
Simply click the “Get Approved Online” button and complete the brief 5-minute application. Instantly, you will receive information about your loan availability and details. Subsequently, a loan processor will assist you in navigating the process and fulfilling the necessary requirements for closing.
Get an Instant
Approval For
Your Next Project!
5-minute instant online approval, term sheet, proof
of funds, empower you on your path to success!
