Finding the best hard money lenders in Apopka 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 Apopka 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. Apopka private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Apopka 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 Apopka
What Do Apopka Hard Money Lenders Charge?
Hard money loan rates in Apopka range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Apopka also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Apopka Require Appraisals?
With most hard money lenders in Apopka, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Apopka?
Hard money loans in Apopka 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 Apopka Florida
Apopka is a charming city located in Orange County, Florida. It is known for its beautiful natural scenery, rich history, and diverse culture. Whether you are a local or a tourist, there are plenty of things to do and see in Apopka.
One of the best things to do in Apopka is to visit the Wekiwa Springs State Park. This park is a natural wonderland that offers visitors a chance to explore the great outdoors. You can hike, bike, or horseback ride through the park’s many trails, swim in the crystal-clear springs, or go kayaking or canoeing down the Wekiva River. The park also has picnic areas, campsites, and cabins for those who want to stay overnight.
Another must-see attraction in Apopka is the Museum of the Apopkans. This museum is dedicated to preserving the history and culture of the city and its people. It features exhibits on the Native American tribes that once lived in the area, the citrus industry that helped build the city, and the many notable residents who have called Apopka home.
If you are a foodie, Apopka has plenty of delicious options to satisfy your cravings. One of the most popular restaurants in the city is Catfish Place, which serves up some of the best Southern-style seafood in the area. Another great option is the Cuban Cafe, which offers authentic Cuban cuisine like empanadas, Cuban sandwiches, and cafe con leche.
For those who love shopping, Apopka has several great options. The Apopka Farmers Market is a popular spot for fresh produce, handmade crafts, and other local goods. The city also has several antique shops and boutiques where you can find unique treasures and souvenirs.
Overall, Apopka is a wonderful city that offers something for everyone. Whether you are looking for outdoor adventures, cultural experiences, or delicious food, you are sure to find it in Apopka.