Hard Money Lending Services in Florida
Common Sense Hard Money Lending
Unlike traditional mortgages which are based on the borrower's credit worthiness, Skye Ocean Capital's hard money loans are based on the property's value. Rather than focusing on one's financials and credit, we provide financing based on the asset value, with a focus on equity in real estate. While we specialize in offering hard money loans in Florida secured by real estate equity, we are open to considering a hard money loan anywhere in the US or even internationally in some cases. Please get in touch with us for a consultation to discuss your specific situation.
What is a hard money loan and is it right for me?
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property and/or assets. Interest rates are generally higher than conventional commercial property loans because of the higher risk and shorter duration of the loan. The main benefits of taking out a hard money loan are the speed at which you will receive your funds (we understand that time is money) and your flexibility in utilizing them.
When you need to fund your Commercial project fast we are the Hard Money Lender that gets it done.
Deals We Like / Property Types
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Multi-family 2-4 units
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Multi-family 5+ units
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Mixed use
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Single Family Residential (non-owner Occupied)
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Ground up construction
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Rehab
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Fix and flip
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Fix and hold
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Loan products
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Bridge loans - Typically up to 70% LTV
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Long term fixed loans - Multifamily and SFR only up to 75% LTV
Our Common Sense Questions
Does the borrower have the ability to pay us back?
Is there a motivational factor for the borrower to pay us off?
If in the unlikely event we have to get the property back can we sell it to make us whole?
Is the market for the property in a stabile area?
Past Projects We've Funded
Hotels
Caribbean Resorts
Mobile Home Parks
Mining Projects
Multifamily Developments
Renewable Energy Projects
What We Don't Do
Projects where the sponsor has no assets
Rural properties, some special use cases
Projects in Arizona, North & South Dakota
What makes Skye Ocean Capital different?
When seeking commercial financing you need an experienced lender that can package your transaction to get the best rates and terms. Our goal is to be your one-stop shop for all of your commercial private money lending & hard money lending needs in Florida.
A big benefit from working with us comes in the form of our project consulting: sometimes Larger Projects require carefully made Pitch decks to attract your debt and equity investors, and we can assist with that. (Many other brokers will not provide this service.)
We want to be Florida's #1 hard money & commercial lender
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Miami
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Ft Lauderdale
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Hollywood
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Tampa
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St Petersburg
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Jacksonville
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Jupiter
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Delray Beach
St Augustine
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Daytona Beach
Destin
Gainesville
Tallahassee
Panama City
Pensacola
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