Fort Myers Florida Hard Money Lending

Fort Myers Hard Money Lending

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Gauntlet Funding offers hard money lending for commercial and investment real estate opportunities. Our short-term loans make it possible to access the funds you require fast when you find a great property that suits your needs. Whether you’re looking to fix and flip homes, construct a new property, or convert a residential home into a money-making rental, we have loan options that can help.

What Do Florida Hard Money Lenders Offer?

Hard money lenders provide loans backed by the value of a collateralized asset. This is typically the property itself. Hard money loans differ from traditional home loans in that they don’t consider the borrower’s credit and income to as great an extent. Hard money lenders typically provide short-term loans that borrowers pay back in 12 to 36 months. This provides enough time for the purchaser to flip, rehab, or stabilize the property for commercial use or resale.

Hard money loans appeal to real estate buyers who are interested in investment or commercial properties. These loans deliver funds in a matter of weeks, while conventional loans may involve months of processing. Florida hard money lenders offer the opportunity for investors to take advantage of great property deals quickly, which is essential in this thriving market.

Fort Myers hard money lenders may offer several different types of loans, including:

Choosing a Fort Myers Hard Money Lender

Before you start comparing loans, use a hard money lender’s calculator to determine what you can afford. By entering details like the purchase price, rehab budget, interest rate, turnaround time, fees, and taxes, you can figure out your monthly payment amount.

It’s important to make sure that you find a loan that comfortably fits within your means. If you’re planning to build a property from the ground up, you may be able to get a new construction loan that covers the price of the lot as well as the cost of construction. A fix and flip loan may include funds for both the purchase and the renovation.

Since extra money is rolled into these loans, you can expect to make higher monthly payments, but you will have access to the funds you need to complete your project. If you choose a different type of loan, you may need to ensure that you have construction and renovation funds on hand yourself.

Fort Myers Real Estate Opportunities

Fort Myers regularly ranks as one of the fastest-growing cities in the country. Between 2010 and 2020, the city’s population increased by more than 38%. Between 2020 and 2021, Fort Myers grew nearly 7% more, making it the sixth fastest-growing city in the United States. This rapid growth prompted redistricting efforts to better serve the expanding population.

The warm, sunny climate, abundance of entertainment opportunities, and low crime rate all make Fort Myers a desirable place to call home. More than half of all housing units in Fort Myers are rentals as opposed to owner-occupied households. Investors who are looking to construct or convert to create more rental units here have great money-making opportunities.

Consider the median rental price in these top neighborhoods:

  • Eastwood Village: $750/month.
  • Edgewood: $850/month.
  • Downtown Fort Myers: $920/month.
  • San Pedro: $1,000/month.
  • Pelican Preserve: $1,137/month.
  • Botanica Lakes: $1,400/month.

Heritage Palms: $2,000/month.

Why Use Gauntlet Funding for Fort Myers Hard Money Lending

If you’re looking for a reliable company to provide Fort Myers hard money lending, Gauntlet Funding can help. We bring more than 20 years of experience in the finance industry to the table. We’ve helped finance short sales, REOs, construction projects, and more. Our industry professionals take an active role in evaluating each and every loan. At Gauntlet Lending, we are the sole decision-makers for any lending opportunity. You’ll never work with a middle-man or other third party.

As a multi-million dollar backed company, we can help fund major investment opportunities with a rapid turnaround time. We serve real estate investors when they need to act fast to take advantage of a rare find by providing valuable hard money loans to finance Fort Myers real estate purchases.

If you’re interested in learning more about the Fort Myers hard money lending opportunities that we can offer, contact Gauntlet Funding today. We’ll walk you through the pre-approval process and help you explore your lending options.

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