Hard Money Loans in West Palm Beach, FL
Loan-size math and qualifying analysis for Hard money financing on West Palm Beach's $400k median home value. Strong fit.
Strong fit for West Palm Beach.
West Palm Beach has active flip + wholesale activity (flip fit 34/100, wholesale fit 99/100) — hard-money makes sense for the velocity these strategies require.
Payment on West Palm Beach's $400k median.
| Median home value (West Palm Beach) | $399,650 |
| Assumed LTV | 85% |
| Loan amount | $339,703 |
| Cash to close (down payment) | $59,947 |
| Assumed rate | 11.00% |
| Term | 6-18 mo, interest-only |
| Monthly P&I | $3,114/mo |
Hard money financing — the mechanics.
Short-term (6-18 month) loans underwritten primarily on the property's after-repair value and the borrower's flip/project experience. Interest-only payments during the term; balloon at maturity (paid off by sale or refinance).
Lender requires: 600+ FICO typical (some go lower), 10-20% cash to close, proof of reserves equal to 6 months of carry, project plan + scope of work. Funding in 7-14 days standard.
How Florida law affects this loan.
Florida foreclosure timeline: judicial, ~6-12 months. See full Hard money in Florida breakdown.
Frequently asked.
What's the typical Hard money loan size for a property in West Palm Beach?
On West Palm Beach's $400k median home value, a Hard money loan at the standard 85% LTV would be approximately $340k, requiring $60k down.
What's the monthly payment on a typical Hard money loan in West Palm Beach?
Interest-only payment on a $340k Hard money loan at the typical rate of 11.00% would be approximately $3k/month, excluding taxes and insurance.
Is West Palm Beach a good market for Hard money financing?
West Palm Beach has active flip + wholesale activity (flip fit 34/100, wholesale fit 99/100) — hard-money makes sense for the velocity these strategies require.
What credit and reserves do Hard money lenders require for West Palm Beach properties?
Lender requires: 600+ FICO typical (some go lower), 10-20% cash to close, proof of reserves equal to 6 months of carry, project plan + scope of work. Funding in 7-14 days standard.
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