With hard money lenders, you have a lot of possibilities to make your investment goals happen. No origination fees and a high loan-to-value (LTV) ratio are some of the benefits you can get with a hard money loan. Also, you won’t go through a standard process because each deal is evaluated individually.
Hard money lenders often have few requirements that can vary depending on the loan program you’re applying for, the type of property if it’s residential or commercial, or even on the amount you’d like to borrow. Either way, the most important benefit you get, is the chance to present your investment proposal and have personalized attention during the whole process.
If Homestead, Florida crossed your mind for possible property investment, this information about the city will be valuable to you:
You should know that Homestead is a really good place to invest in a property. It’s located in Miami-Dade County and is a city with a population of 69,523.
Residents have a per capita income is $19,299 and job growth of 0.75%
Real Estate Market in Homestead
Two key facts about the real estate market in the city of Homestead that you should know are:
- Homestead has a high rate of renters with 61.5%, followed by owners with 38.5% and vacant 10.6%.
- The median home value is $246,801 and the average market rent is $1,998 per month.
The Community Redevelopment Agency in the City of Homestead offers different programs for commercial or residential rehabilitation.
Commercial Enhancement Grants
- Commercial Facade Improvement
- Commercial Interior Build-Out
- Business Relocation and Expansion Program
Housing Rehabilitation Program
- Emergency Home Repair
- Residential Facade Improvement
- CDBG Housing Rehabilitation Program
Famous Places in Homestead You Can Enjoy Visiting
These 3 places are on the list of the best locations in Homestead:
- Ed Leedskalnin’s Coral Castle
- Aerojet Dade Rocket Facility
- Fruit and Spice Park
Accessing a private money loan for business refinance, rehabilitation, or new construction purchase is easy. Below you’ll find some private money lenders in Homestead, FL that can help you out with your investment goals.
