Rental Property Loans in Miami, FL
Longer-term financing for investment properties intended for rental income. Ideal for investors building a portfolio of rental units, from single-family homes to multifamily buildings.
Loan Range
$100,000 – $3,000,000
Rate
8.5%
LTV
75%
Term
60 mo
Ideal For
3 borrower types
Rental property loans from Hard Money Lenders of Miami are DSCR-based, we underwrite based on the property's rental income, not your personal income. Ideal for investors building portfolios of single-family rentals, duplexes, fourplexes, and small apartment buildings throughout Miami-Dade County.
We typically offer up to 75% LTV with terms from 12 months to 5 years. Our focus is the property's ability to service debt: rent roll, expense ratios, and debt service coverage. Experienced investors and first-time rental buyers can qualify when the numbers work.
Miami's rental market remains strong, with demand driven by population growth and limited new supply in many submarkets. We fund in 7-14 days and offer no prepayment penalties, refinance or sell when it makes sense.
What to Expect
DSCR drives underwriting. We typically want 1.0-1.25x coverage. The rent roll drives qualification.
We typically offer up to 75% LTV. Terms from 12 months to 5 years.
We don't require tax returns for most deals. The property's income potential drives approval.
No prepayment penalties. Refinance or sell when it makes sense.
Typical Use Cases
Rental Property Loans work well for these scenarios. We tailor terms to your specific Miami project and timeline.
- , Single-family rentals
- , Multi-family units
- , Duplexes
- , Triplexes
- , Fourplexes
Requirements
- , Rental income analysis
- , Property appraisal
- , Investment strategy
- , Credit history
Pros
- +Competitive rates
- +Longer terms
- +No prepayment penalties
- +Build equity
Cons
- −More documentation required
- −Longer approval process
- −Standard underwriting
Ideal For
Why Choose Hard Money Lenders of Miami for Rental Property Loans?
- , 24-48 hour approval process, Miami deals don't wait
- , Asset-based lending, property value drives approval, not just credit
- , Loan amounts from $100,000 to $3,000,000
- , Terms from 6 to 60 months, flexible for your timeline
- , No prepayment penalties, exit when it makes sense
- , Local Miami expertise, we know the market
How It Works
- 1Apply, Call us at 305-928-2678 or submit our contact form with your property details.
- 2Get Approved, We review your deal and typically respond within 24-48 hours with terms.
- 3Close, We fund in 7-10 days. You get the capital you need to close your Miami deal.
Rental Property Loans at a Glance
Frequently Asked Questions
What is a DSCR rental property loan?
DSCR (Debt Service Coverage Ratio) rental loans are based on the property's rental income rather than your personal income. We use the property's ability to cover its debt payments to qualify you, ideal for investors building rental portfolios in Miami.
How fast can I get funded for a rental property in Miami?
Our streamlined process typically funds in 7-14 days. We understand Miami real estate moves fast, whether you're buying in Kendall, Hialeah, or Miami Beach.
What loan-to-value do you offer on rental properties?
We typically offer up to 75% LTV on rental properties, depending on the property type and location. Contact us for a quick quote on your specific Miami investment.
Do you require tax returns for rental property loans?
Our asset-based approach focuses on the property's income potential. We may not require personal tax returns for qualified investors with strong deals.
What's the typical DSCR you require?
We typically want 1.0-1.25x coverage. The property's rent roll and expenses drive qualification. We evaluate each deal on its merits.
Are there prepayment penalties?
No. We don't charge prepayment penalties. Refinance or sell when it makes sense for your strategy.
Property Types We Finance
Get Started
Ready to apply for Rental Property Loans? Contact us today for a quick quote.
Apply NowCall 305-928-2678*Not available in all states, certain restrictions regarding population. Certain credit and experience requirements for max leverage.
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