Loans for Investment Properties in Miami, Florida

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Private Investment

Loans for Investment Properties in Florida

GoKapital is one of the top providers of Private Loans for Investment Properties in the United States. Located in Miami, Florida, GoKapital offers quick approvals, fast funding, very competitive rates, and excellent customer service.

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
  • Rental
  • Single Family Rentals
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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.)
Property location (Exact Address)
Current market value
Mortgage balance (if applicable)
Loan amount sought
Proposed use of funds
..

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
…..
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  • Buying a Rental Property

    Buying a rental property is one of the most popular forms of real estate investment. Investors look to purchase an investment property with rental property loans that can be rented out for more than the monthly liabilities (principal, interest, taxes, insurance) and achieve positive cash flow.

    The real estate investor will also hope to benefit from appreciation while they hold the property and take advantage of tax benefits in order to maximize their profits from buying a rental property.

    Loans for rental properties generally require a down payment of at least 25% from the real estate investor. 100% financing is not available. If the real estate investor has equity in another property but does not have enough cash for a down payment, the real estate investor may be able to take out a cash out refinance loan in order to raise funds for the new purchase. The hard money lender will also want to see that the investor has cash reserves available to deal with potential tenant vacancies, repairs and any other unforeseen issues.

  • Refinancing Investment & Rental Property Loans

    GoKapital also allows real estate investors to refinance investment property and rental property should they wish to pull equity out of their property, refinance at a lower rate or pay off a balloon payment that will soon be due.

  • Investment Property Rehab Loans

    Investment property rehab loans are available for real estate investors who wish to purchase a property, quickly make any needed repairs and improvements and then sell the property immediately.
    Fix and hold loans are also available to investors who wish to purchase a property in need of rehab, make improvements and then hold the property as a rental.
    Contact GoKapital today and get your investment property loan funded in record time.

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, 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.

If you are a broker, partner with GoKapital
and start closing more Deals

  • Commercial Mortgage Brokers

    Earn more commission by helping your clients get access to our direct private funding. Recommend our Loans for Investment Properties

  • Affiliate partners

    Refer deals to GoKapital and increase your monthly income by offering non-owner occupied and commercial real estate loans

  • Real Estate agents

    When banks say no, we say yes! Help your clients close their investment property loans quickly.