Hard Money
Lot Loan in Tampa, FL
What is a Lot Loan? Lot Loan is a specialized mortgage solution offered by CMRE for real estate financing. This program provides tailored terms, flexible underwriting, and expedited closing timelines to meet the unique needs of property buyers and investors in Tampa, FL.
Secure your Lot Loan in Tampa with a lender who understands the local landscape. We serve all of Hillsborough County, including Channelside and Hyde Park, offering fast approvals and personalized service.
Key Facts About Lot Loan
CMRE Lot Loan funds in as few as 7 days.
CMRE Lot Loan is asset-based.
CMRE Lot Loan LTV up to 90% ARV.
CMRE offers rehab draws through Lot Loan.
CMRE provides expert guidance for Lot Loan borrowers. NMLS #1556995.
Program Benefits
CMRE funds Lot Loan in as few as 7 business days.
Asset-based underwriting — property value is primary qualification.
LTV up to 80% as-is value or 90% ARV for fix-and-flip.
Fix-and-flip rehab draws available through CMRE.
Interest-only payments standard to minimize carrying costs.
Term sheets issued within 24-48 hours.
Available for residential and commercial investment properties.
No income verification required for most hard money programs.
Program Highlights
Max LTV
Varies
Min Credit Score
Varies
Max DTI
Varies
Loan Amount Range
Contact CMRE
Program Requirements
Income Documentation
- •No income verification for most programs.
- •Property value and exit strategy are primary factors.
- •Borrower experience evaluated but not required.
Asset Verification
- •Down payment: 20%-35%.
- •Proof of funds for acquisition and rehab budget.
- •Reserves for carrying costs during project.
Insurance & Title
- •Builder's risk or vacant property insurance.
- •Title insurance required.
- •Flood insurance if applicable.
Property Requirements
- •Primarily asset-based — credit is secondary.
- •No minimum FICO for some programs.
- •Recent credit events evaluated case-by-case.
Lot Loan in Tampa: The Complete Guide
What Is Lot Loan?
Lot Loan from CMRE is an asset-based lending program where the property's value serves as the primary qualification — not your income or credit history. CMRE funds Lot Loan loans in as few as 7 business days for real estate investors who need fast, flexible capital. Common uses include fix-and-flip projects, bridge financing, auction purchases, foreclosure bailouts, and non-conforming properties. LTV up to 80% of as-is value or 90% of after-repair value (ARV).
Who Uses Lot Loan?
- •Fix-and-flip investors needing fast acquisition and rehab capital.
- •Bridge borrowers between a sale and purchase.
- •Auction buyers needing rapid closing.
- •Foreclosure bailouts and non-conforming properties.
Lot Loan Terms
- •LTV: 65%-80% as-is or 70%-90% ARV.
- •Terms: 6 months to 3 years.
- •Rates: 9%-14%. 1-3 origination points.
- •Interest-only. Exit strategy required.
- •CMRE funds in as few as 7 business days.
Get Lot Loan from CMRE
- •Step 1: Property details and scope of work.
- •Step 2: Term sheet within 24-48 hours.
- •Step 3: Fast-track appraisal/BPO.
- •Step 4: Funding in as few as 7 days.
Lot Loan Comparison: Hard Money vs Bridge vs DSCR vs Conventional
- •Hard money loans (7-14 days closing, 9%-14% rates, 65%-90% LTV) are fastest but most expensive. Bridge loans offer slightly longer terms (6-24 months) at similar rates. DSCR loans provide permanent financing (30-year terms, 7%-9% rates) for stabilized rentals.
- •CMRE strategy: use Lot Loan for acquisition speed, then refinance into DSCR or conventional once the property is stabilized. This "acquire-rehab-refinance" cycle is the foundation of scalable real estate investing.
- •For fix-and-flip investors, CMRE provides rehab draw schedules that release renovation funds in stages as work is completed. This minimizes interest costs by funding only what's needed at each project milestone.
- •Experienced investors with 5+ completed projects may qualify for CMRE's preferred borrower rates (1-2% lower) and higher LTV allowances. CMRE tracks borrower performance and rewards consistent execution.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
Est. Monthly Payment in Hillsborough County
$1,878/mo
Based on $391,500 median · 20% down · P&I only
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Est. Monthly Payment in Hillsborough County
$2,547/mo
Based on $391,500 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Live Market Data: Hillsborough County
Source: Redfin · 2026-01-31Median Sale Price
$391,500
Median List Price
$420,000
Price / Sq Ft
$224.673
Days on Market
67
Active Listings
5,782
Homes Sold
1,031
Sale-to-List Ratio
96.7%
2025 Conforming Loan Limits: HILLSBOROUGH
1-Unit (SFR)
$806,500
2-Unit (Duplex)
$1,032,650
3-Unit (Triplex)
$1,248,150
4-Unit (Fourplex)
$1,551,250
Source: FHFA 2025 Conforming Loan Limits. Loans above these limits require jumbo financing.
Lot Loan in Tampa, FL
Hillsborough County stands apart from the broader Florida market correction narrative. The median sale price of $391,500 is up 3.8% year-over-year — the strongest price appreciation among our Florida markets — driven by Tampa's continued emergence as a top-tier destination for corporate headquarters, remote workers, and regional population migration. The 67-day median days on market and 5,782 active listings indicate a market with healthy supply but genuine demand absorption.
The 96.7% sale-to-list ratio confirms that while sellers are making modest concessions, the market is not capitulating. Tampa proper, South Tampa, and the New Tampa suburban corridor are generating the most competitive bidding activity. The $806,500 conforming limit covers the vast majority of Hillsborough transactions, and we are seeing significant activity across conventional 30-year fixed, FHA, and VA programs. The VA loan segment is particularly active given MacDill Air Force Base's presence in Tampa.
Hillsborough County is attracting a new class of corporate transplant — financial services firms, technology companies, and healthcare systems have all expanded Tampa footprints significantly in the past four years. W-2 professionals relocating from higher-cost metros represent the dominant buyer cohort, typically well-qualified with strong credit profiles. The investor segment is also active, particularly in the suburbs where rent-to-price ratios support DSCR strategies. First-time buyers from the local workforce are stretching into FHA financing as prices have risen.
Lock your rate before you submit an offer in Tampa — 3.8% YoY appreciation means hesitation has a measurable dollar cost.
Service Areas & Neighborhoods
Our Tampa Presence
Local Knowledge. Global Rates.
200 S Biscayne Blvd
Miami, FL 33131
Direct Line
877-976-5669Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Get Your Numbers
Quick quote or detailed payment estimate — no credit pull
Quote Wizard
AI-Powered Rate Intelligence
Step 1: Loan Foundation
Mortgage Estimator
Principal & Interest Only
Common Questions About Lot Loan in Tampa
As few as 7 business days. Same-day term sheets available.
65%-80% as-is value. Fix-and-flip: up to 90% ARV.
Primarily asset-based — property value matters most. Credit is secondary.
9%-14% depending on LTV, condition, experience. 1-3 origination points.
Yes. Residential and commercial investment properties eligible.
Yes. Fix-and-flip programs include draw schedules for renovation funds.
Borrowers must demonstrate exit: sale, conventional refi, or DSCR refinance.
Yes. Asset-based programs available for foreign nationals with valid passport.
The current national 30-year fixed rate is 6.00% (Freddie Mac PMMS). Lot Loan rates in Tampa vary by loan amount, LTV, and credit profile — CMRE provides locked quotes within 24 hours of application.
CMRE typically closes Lot Loan loans in Tampa within 21-30 days from application. The Hillsborough County market has seen home prices rise 3.8% year-over-year — having a fully underwritten approval before you write an offer is critical in this competitive environment. Our FL-licensed team coordinates title, escrow, and appraisal concurrently to minimize time-to-close.
CMRE funds hard money and bridge loans in Tampa in as fast as 7 business days. Experienced investors in Hillsborough County with strong equity positions may qualify for expedited underwriting.
Lot Loan from CMRE in Tampa typically requires 65-80% LTV depending on property type and borrower experience. Fix-and-flip investors in Hillsborough County may access higher leverage with track record documentation.
Lot Loan by Location
Get local rates, loan limits, and market data for Lot Loan in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
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Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
