In Miami, a good fixer can disappear in a weekend, and the rehab often starts with a roof and impact windows before anyone touches the kitchen. You need a lender that moves fast and finances the whole scope.
In short: Our top pick for hard money in Miami is LendingStreet. We close in as little as 10 days, finance up to 90% of purchase plus rehab with up to 100% of the rehab on some programs, and lend from $150,000 to $5M+ on 1-8 unit investment property. Rates start from 7.99%, and when a flip pencils better as a rental, we can refinance it into a DSCR loan qualified on rent.
Miami deals are competitive, expensive and full of surprises behind the walls, so investors need a lender that is fast and can stretch to the size of the deal. LendingStreet funds 1-8 unit non-owner-occupied purchases and rehabs from $150,000 to $5M+, at up to 90% of total cost (LTC) and up to 100% of the rehab on some programs, with closings in as little as 10 days and rates from 7.99%.
We are an investor lender with fix and flip, bridge and DSCR rental loans in one place. That matters in Miami, where a planned flip sometimes makes more sense as a rental once you see the insurance quote and the resale comps.
Fill out the form below or call (877) 298-1001 to price a deal.
Investors searching for hard money lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Miami, FL. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
This table describes common patterns for each type of lender, not any specific company. Confirm terms with every lender you talk to.
| What investors need | LendingStreet | Typical local hard money lender | Private individual lender | Local bank or credit union |
|---|---|---|---|---|
| Speed | Close in as little as 10 days | Often fast | Can be fast | Often slower |
| Loan-to-cost | Up to 90% | Varies | Negotiated | Usually lower |
| Rehab draws | Up to 100% of rehab on some programs, released after inspection | Varies | Often informal | Often limited |
| Large Miami balances | $150,000 to $5M+ on 1-8 units | Often capped lower | Limited by one person's capital | Varies; full documentation |
| Rates and terms | From 7.99%; short-term, interest-only | Fees and terms vary | Varies | Varies |
| After the rehab | Sell, or refinance into a DSCR rental loan | Usually short-term only; find another lender to hold | Rarely offers a long-term loan | May offer; often needs tax returns |
| Where they lend | All 50 states and DC | Usually local | Usually local | Usually local |
Entry-level flips cluster in Miami Gardens, Opa-locka, North Miami, North Miami Beach, Hialeah, Liberty City and Little Haiti, where 1950s to 1970s concrete block and stucco (CBS) homes are the norm. Allapattah, Little Havana and Little River have older homes and small multi-unit buildings that investors buy for rent. South of the city, Westchester, Kendall, Cutler Bay and Homestead add suburban stock.
At the top end, Coral Gables, Coconut Grove, Miami Shores and Pinecrest see large renovations where loan size is the first question. Our range reaches $5M+ on 1-8 units, with larger balances reviewed case by case.
Insurance often decides a Miami deal. Older roofs can make a policy hard to place, so many rehabs start with a new roof, impact windows and a wind mitigation inspection. Flood zone status affects both insurance and what you can build, and homes in flood zones may face limits on how much you can spend before the structure must meet current elevation rules. Ask the city or county floodplain office before you finalize the scope.
Permits run through Miami-Dade County or the city where the home sits, such as the City of Miami, Hialeah or Miami Gardens. Garage conversions and rented efficiencies built without permits are common, and a buyer's lender or appraiser may flag them, so verify the permit history first.
This example is illustrative and not a quote. An investor buys a 1960s CBS home in Miami Gardens for $440,000 and budgets $78,000 for a new roof, impact windows, a kitchen and baths. Total cost is $518,000. At 90% LTC the loan is $466,200, so the investor brings $51,800 plus about $9,800 in closing costs, including Florida's taxes on the new mortgage.
The estimated interest-only payment is about $4,079 a month on the full balance. Over 6 months, interest is about $24,474, and taxes, insurance and utilities add about $5,880. The all-in cost is about $558,154.
The home sells for $655,000. Selling costs of about $39,955 include about $3,930 in Miami-Dade documentary stamp tax on the deed. The estimated profit is about $56,891 before income taxes.
| Item | Estimate |
|---|---|
| Purchase price | $440,000 |
| Rehab, including roof and windows | $78,000 |
| Loan at 90% LTC | $466,200 |
| Interest-only payment | $4,079 a month |
| Holding months | 6 |
| All-in cost | $558,154 |
| Sale price | $655,000 |
| Selling costs, including deed stamps | $39,955 |
| Estimated profit | $56,891 |
Florida charges documentary stamp tax on deeds. Miami-Dade's rate is $0.60 per $100 of price on single-family homes, and deeds on other property types add a surtax of $0.45 per $100. A new mortgage also carries documentary stamp tax and intangible tax, which shows up in the borrower's closing costs.
Florida foreclosures are judicial, and investor-owned homes do not get the homestead exemption. A sale resets the assessed value, so budget property taxes on your price. Confirm all figures with your title agent or closing attorney.
Strong rents in much of Miami-Dade mean some flips are worth keeping. A DSCR loan qualifies on the property's rent, with no W-2s or tax returns, LLC borrowers standard and 30-year terms available. Cash-out goes up to 75% LTV with a 1.0x standard minimum DSCR, and seasoning varies by program.
Run the DSCR with the real insurance quote and the reassessed tax bill. If the ratio falls short, sub-1.0 programs exist, or selling may be the better exit.
Put these questions to every lender:
Get a quote with the form below, or call (877) 298-1001. Include the address, price, scope of work, insurance quote if you have one, and your target sale price or rent.
LendingStreet is our top pick: fast closings in as little as 10 days, up to 90% LTC with up to 100% of rehab on some programs, loans to $5M+, and a DSCR refinance if you keep the home.
Yes. We lend in Miami, across Miami-Dade and South Florida, and in all 50 states and DC on 1-8 unit investment property.
Rates start from 7.99%. Your rate depends on leverage, the property and your experience.
Yes. Roofs, windows and other rehab work can be part of the budget, released in draws after inspection, up to 100% of rehab on some programs.
Miami-Dade charges $0.60 per $100 on single-family deeds, plus a $0.45 per $100 surtax on other property types. Confirm with your title agent.
Clerk auctions generally require a deposit at the sale and the balance within a very short window, so most investors pay cash. A short-term loan suits normal purchase contracts and refinances.
No. Our loans are business-purpose loans on investment property only.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.