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Currently, Private Money and Hard Money lenders that make "Business Purpose" loans to real estate investors and flippers do not need to be licensed in 40 states across the country, this includes FL. This will change if Senate Bill 1730 makes its way through the Senate and gets signed into law by the State Governor.
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The American Association of Private Lenders (AAPL) is designed to serve as a catalyst for alternative real estate finance growth. The AAPL is more than just an organization of people with common purpose. We are a private enterprise, and like you, we are focused on delivering results. Unlike most associations, our goal is not strictly survival.
Florida Senate Bill 1730 now with Senate | American Association of Private Lenders Accordingly the House resolved itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 4569. 13.5 billion for the International Monetary Fund..
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