HAVE EXTENSIVE REAL ESTATE EXPERIENCE OR AN EXIT STRATEGY
A hard money lender from Miami tends to be more lenient when dealing with highly experienced commercial real estate investors. If you lack experience, you have to prove your worthiness by sharing details of your project and by showing that you have a good exit strategy.
HAVE ENOUGH FINANCIAL STRENGTH OR CASH RESERVES
The hard money lender in Miami will want to know that you have enough cash to make your monthly payments. They are more likely to work with financially stable and stronger investors.
HAVE SUFFICIENT DOWN PAYMENT OR EQUITY IN PROPERTY
A commercial hard money lender will usually require a 30% to 40% down payment or equity.