Hard money lenders today want to see a payment history by the borrower, a decent credit score, and an independent appraisal of the property to be lent on. The predominant factor they will look at is the appraisal value in which most will go up to 65%. Hard money lenders are great for fix & flips, rehabs, and cases in which the borrower cant wait on traditional lending or does not have the necessary income history, dscr, or credit. If you're looking for a great hard money lender in florida i recommend:
http://capitalfundingfinancial.com - low rates & excellent service