Finding the best hard money lenders in Bartow 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 Bartow 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. Bartow private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Bartow 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 Bartow
What Do Bartow Hard Money Lenders Charge?
Hard money loan rates in Bartow range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Bartow also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Bartow Require Appraisals?
With most hard money lenders in Bartow, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Bartow?
Hard money loans in Bartow 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 Bartow Florida
Bartow is a charming city located in Polk County, Florida. It is a small town with a population of around 20,000 people. Despite its size, Bartow has a lot to offer to its visitors. From historical landmarks to outdoor activities, there is something for everyone in this city.
One of the best things to do in Bartow is to visit the Polk County History Center. This museum is located in the historic courthouse and showcases the history of Polk County. Visitors can learn about the early settlers, the citrus industry, and the Civil War. The museum also has a genealogy library, which is a great resource for those interested in tracing their family history.
Another must-see attraction in Bartow is the L.B. Brown House. This historic home was built in 1892 and is now a museum. It is a great example of Victorian architecture and is filled with period furnishings. Visitors can take a guided tour of the house and learn about the life of L.B. Brown, who was a prominent African American businessman in Bartow.
For those who love the outdoors, Bartow has several parks and nature preserves. The Mary Holland Park is a popular spot for picnics and has a playground for children. The Peace River Park is a great place for hiking and fishing. It is also home to a variety of wildlife, including alligators and bald eagles.
When it comes to food, Bartow has a variety of options. For a quick bite, there are several fast-food chains in town. However, for those who want to try something different, there are also several local restaurants. The Catfish Country Restaurant is a popular spot for seafood lovers. They serve fried catfish, shrimp, and hushpuppies. For those who prefer Mexican food, there is the Taqueria Monterrey. They serve authentic Mexican dishes, including tacos, burritos, and enchiladas.
Overall, Bartow is a great place to visit for those who want to experience small-town charm. With its rich history, beautiful parks, and delicious food, there is something for everyone in this city.