Private lending has become one of the fastest-growing paths to funding real estate deals across Central Florida, and Chelsea Metka breaks down what makes those transactions work, and what makes them collapse. She walks through who’s actually funding these loans, why banks are leaving gaps that private investors are stepping in to fill, and the legal documents that separate a protected lender from an exposed one.
Chelsea covers promissory notes, mortgages, personal guarantees, and the paperwork lenders skip at their own risk. She digs into Florida’s usury cap, the danger of an unrecorded mortgage, and why construction loans demand a tighter draw schedule and stronger lien waivers than a standard purchase.
Anyone lending money on Florida real estate, or thinking about it, will walk away with a clearer picture of where the real risk hides.
In this episode, you will hear:
- Who’s actually funding private and hard money loans in Florida, and why banks are leaving room for them
- The legal documents every private loan needs, from promissory notes to personal guarantees
- What happens when a mortgage doesn’t get recorded properly
- UCC filings and why they matter for loans secured by personal property
- Draw schedules, lien waivers, and the risks specific to construction lending
- Cross-collateralization and cross-default provisions explained
- Florida’s usury cap and the penalties for lenders who cross it
Resources from this Episode
Lender Legal Counsel – https://metkalawfirm.com/lender-legal-counsel/
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