Miami Hard Money Jumbo Refinance for Your Luxury Homes and Condos

Miami has over 6 million people and the number of luxury upscale owner-occupied homes and condos has increased dramatically over the last two years. The rise of the luxury condo market over 1 million to 5 million has increased by 30% in the last five years. The population in Miami is over 6 million and growing. It has been the hottest condo market in the country for several years. This gives rise to many loan opportunities to help clients who have less than perfect credit and need to refinance with bad credit but can't get a bank loan. Then a hard or private money loan might be the answer.

This has created a new bucket of high-end homeowners and borrowers who are self-employed and may show a loss in their business. 

What do you do in these circumstances? We have a great line of programs that can help a Florida self-employed borrower who owns a condo or high-end luxury home from 1 million to 6 million dollars.

How Do I Get a Miami Luxury Jumbo Home /Condo Loan

• If you are self-employed
• If the bank has turned you down
• If you have lost your job but still have alternative income coming in
• If you own rental property and that is your income
• If you lost your job but have a new job lined up 
• If you had a medical emergency and have equity, a free and clear condo, free and clear luxury vacation home, or secondary home or owner-occupied home in Miami

No matter what the reason, you will sit down with one of our hard money agents and they will spend time with the underwriter and design a special program tailored to meet your special financial needs. 

A jumbo loan is usually over $800,000, and in our case, it's a hard or private money loan based on the equity in your property. We do not care about credit because we use equity only. If you own a luxury condo in Miami, a waterfront condo in a high-end complex and the value is $1,000,000 to $5,000,000 and you are self-employed, we certainly have many programs that can help you get the cash out you need, help you pay for back property taxes, or maybe your condo or Miami owner occupied home is in foreclosure. 

Our hard money investor will:

• Do 60% to 65% of the value of your Miami home or condo
• They will use alternative income
• If you’re self-employed
• Loan size $800,000 to $5,000,000
• Many different programs
• No upfront fees
• Underwriting time 2 weeks or less
• Ideally free and clear properties but small mortgage is okay
• Even if you need it to be in a llc we can help or trust
• Our underwriters will help you review your documents with your attorney as well.

The Miami condo jumbo market is still one of the hottest in the country with the amazing views and hot financial market.  N wonder there are so many borrowers who want to refinance and get cash out. If you're self employed and own an owne- occupied home or luxury condo and can't get a bank loan, you need to pull cash out of your Florida real estate and get the money you need asap. Please give our team a chance to help you refinance your Miami jumbo condo. We can get you an approval in the same day or within 36 hrs if you have the right equity.