Loans for Investment Properties in Florida
For real estate investors that want to get into Florida’s investment property market, our rental and investment property loans give you the ability to purchase, refinance, or cash-out.
Explore your options below, then you can contact us and we will help you find the rental property loan program that perfect for your needs.
|Application Approval Timeline||Same day approval available|
|Time to Fund||3-5 days if needed|
|Property Types||Single family, multi-family, commercial, industrial|
|Loan Amounts||$150,000 – $50 Million|
|Loan Terms||6 to 36 months with longer terms available|
|Lien Position||1sts & 2nds|
|Loan to Value (LTV)||Up to 80% of current value of property|
|Investment Loan Interest Rates and Points||Starting at 7%|
Investment Property Loans in Florida
Loans and rental property loans to real estate investors in need of hard money financing. Based in Miami, GoKapital is your trusted rental-property lender with a vast hard money lending experience. Contact GoKapital now and get your loan funded fast.
Top Rental Property cities in Florida
Boca Raton, Cape Coral, Clearwater, Coral Springs, Fort Lauderdale, Gainesville, Hialeah, Jacksonville, Miami, Orlando, St. Petersburg, Tallahassee, Tampa, Sarasota.
What Gokapital has to offer:
- Buy and Hold
- Fix and Flip
- Hard Money Loans
- Multifamily Bridge
- New Construction
- Portfolio Rental Loans
- Rehab to Rent
- Single Family Rentals
Investment property loan rates
Investment properties can make you a substantial amount of money. If you buy a rental property at the right price, and you get the best financing for it, it can cash flow very fast.
Investment property loan rates tend to be higher than conventional mortgage rates by 0.5% to 0.75% (Source). The rental property mortgage rates may vary based on the specifics of the loan scenario such as length of loan, loan to value (LTV), condition and location of property and overall perceived risk of the investment. Many conventional lenders solely focus on owner-occupied home mortgages and do not provide financing for investment property.
Getting a low mortgage rate on a rental property is a bit harder than for a primary residence because lenders charge more for “non-owner occupied” properties.
With GoKapital, our rates for rental property loans start as low as 7%. That said, your final interest rate for an investment property loan will depend on the type of property you want to acquire, your creditworthiness, and how much you put down.
Hard money lenders such as GoKapital, are generally a better source of loans for investment properties as we primarily work with real estate investors and we better understand their needs. We are amongst the most experienced and reliable hard money lenders that will also be able to approve the borrower and fund the loan much faster than a conventional lender such as a bank or credit union.
Speak to one of our loan advisors and we will help you find the best rates for you. Call 866-257-2973
Investment property loan requirements
What Do I Need To Qualify?
The first thing you would need to get a loan for investment properties is to have at least 20% to 40% down in case you want to purchase, or substantial equity in the property if you’re looking for a cash out refinance.
The higher the down payment or property equity you have, the more likely you will be approved.
We will also look at the borrower’s experience in real estate. If this is the first time that the borrower is going to finance an investment real estate deal, he or she might face more scrutiny than a borrower with years of experience in these types of deals.
Just answer these questions and we will give you a quick estimate:
Type of rental property (condo, townhouse, single family, etc.)
|Borrower parameters: |
Borrowers can be corporations or LLCs
Existing income reflected in bank statements
Cash reserves reflected in bank statements
Credit score of 550 or higher (exceptions apply)
Ability to perform exit strategy may be needed
A. For a purchase, the first thing you need is have at least 20% down. For a cashout refi, the property must be worth at least $150,000, with a current LTV of less than 70%.
A. Yes, we can offer financing to borrowers with their first investment property.
A. 20 to 40 percent down.
A, The minimum down payment we require is 20%.
A. Yes, LLC or Corps can get an investment property loan with GoKapital.
A. Rates on investment property loans are usually a bit higher than those for primary residential properties. You can expect the rates on investment property loans to be 0.55% to 0.77% higher than traditional mortgages.