Finding the best hard money lenders in Altamonte Springs FL is crucial to your real estate investing success. Whether you’re new to real estate investing or you’ve been doing it years, your Altamonte Springs hard money loans can end up costing you thousands of dollars if you don’t select your hard money lender carefully. Whether you’re looking for a fix and flip loan or a longer term rental loan for the BRRRR Method, a bad hard money loan can cost you thousands of dollars in profit if you don’t account for things like origination fees, monthly interest, prepayment penalties and more. On the flip side, a favorable hard money loan can provide the financing you need to make a deal possible and successful. Altamonte Springs private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Altamonte Springs FL
Birchwood Loans
Birchwood Hard money offers Hard money loans for Real Estate Investors in Tampa and surrounding areas. With Birchwood, you will find a fast and easy source of hard money lender funding for your real estate investments. They can finance up to 60% LTV for a period of up to 5 years and provide interest only payments. They can give you an approval within 24 hrs. The paperwork for the closing is typically 3-5 business days.
AHL Hard Money
AHL Hard Money offers the following niche programs: Hard money loans, private money loans, cash out refinance, bad credit loans, home equity loans. According to their website, they specialize in special needs. Whether that be for credit challenged borrowers, the self employed, or other unique circumstances.
Bridgewell Capital
Bridgewell Capital is a hard money lender based in Orlando. They offer rehab loans for flips and for rental properties. They also do multifamily loans and commercial loans.
Here are some of their fix and flip loan terms:
- Up to 100% of rehab costs
- Up to 75% ARV
- Closings in 10 days
- Damaged Credit Okay
- No interest on undrawn rehab funds
- No pre-payment penalty
Civic Financial Services
Our next hard money lender is CIVIC Financial Services. CIVIC is a best-in-class real estate lender that provides fast and simple financing to real estate investors. Whether the intention is to buy a single-family home to flip, to leverage an existing portfolio of rental homes to hold long term, or to acquire multifamily real estate for cash flow, they have a focused team and set of products that empower investors to build wealth through real estate.
A2Z Capital Lending
A2Z Capital Lending is a Florida based hard money lender. They have excellent reviews on Google and a professional website. They’ve been operating in Florida in many years so you can use them confidently.
Unlike traditional bank loans, the ability to obtain hard money financing isn’t determined by the borrower’s credit worthiness. Instead, A2Z Capital Lending uses the value of the property itself in determining whether to make the loan.
FAQ about the Best Hard Money Loans in Altamonte Springs
What Do Altamonte Springs Hard Money Lenders Charge?
Hard money loan rates in Altamonte Springs range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Altamonte Springs also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Altamonte Springs Require Appraisals?
With most hard money lenders in Altamonte Springs, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Altamonte Springs?
Hard money loans in Altamonte Springs are loans secured by real estate used to purchase or rehab that piece of property. These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.
More About Altamonte Springs Florida
Altamonte Springs is a beautiful city located in Seminole County, Florida. It is a great place to visit for those who are looking for a relaxing vacation or a weekend getaway. The city is known for its beautiful parks, lakes, and outdoor activities. Here is a detailed review of Altamonte Springs, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit Cranes Roost Park: This beautiful park is located in the heart of Altamonte Springs and is a great place to relax and enjoy the outdoors. The park features a large lake, walking trails, and a beautiful fountain.
2. Go Shopping: Altamonte Springs is home to several shopping centers, including the Altamonte Mall, which features over 100 stores and restaurants.
3. Play Golf: The city is home to several golf courses, including the Altamonte Springs Golf Club, which is a public course that offers a challenging and enjoyable experience for golfers of all skill levels.
4. Visit the AMC Altamonte Mall 18: This movie theater is a great place to catch the latest movies and enjoy a night out with friends or family.
5. Explore the Wekiva River: The Wekiva River is a beautiful natural attraction that is perfect for kayaking, canoeing, and fishing.
Places to See:
1. Altamonte Springs City Hall: This beautiful building is located in the heart of the city and is a great place to learn about the history of Altamonte Springs.
2. The Enzian Theater: This unique theater is known for its independent films and is a great place to catch a movie and enjoy a meal.
3. The Altamonte Springs Historical Society Museum: This museum is dedicated to preserving the history of Altamonte Springs and is a great place to learn about the city’s past.
4. The Altamonte Chapel: This beautiful chapel is a great place to visit for those who are interested in architecture and history.
5. The Altamonte Springs Farmers Market: This market is a great place to buy fresh produce and other local products.
Food to Eat:
1. Seasons 52: This restaurant is known for its fresh, seasonal cuisine and is a great place to enjoy a meal with friends or family.
2. The Cheesecake Factory: This popular chain restaurant is known for its delicious cheesecake and extensive menu.
3. Brio Tuscan Grille: This Italian restaurant is a great place to enjoy a romantic dinner or a night out with friends.
4. The Melting Pot: This fondue restaurant is a great place to enjoy a unique dining experience with friends or family.
5. Dexter’s of Altamonte Springs: This restaurant is known for its delicious brunch and live music.
Overall, Altamonte Springs is a great place to visit for those who are looking for a relaxing vacation or a weekend getaway. The city is home to several beautiful parks, lakes, and outdoor activities, as well as several shopping centers and restaurants. Whether you are interested in history, architecture, or just want to enjoy the outdoors, Altamonte Springs has something for everyone.