Finding the best hard money lenders in Bloomingdale 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 Bloomingdale 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. Bloomingdale private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Bloomingdale 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 Bloomingdale
What Do Bloomingdale Hard Money Lenders Charge?
Hard money loan rates in Bloomingdale range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Bloomingdale also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Bloomingdale Require Appraisals?
With most hard money lenders in Bloomingdale, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Bloomingdale?
Hard money loans in Bloomingdale 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 Bloomingdale Florida
Bloomingdale is a charming village located in DuPage County, Illinois. It is a great place to visit for those who are looking for a peaceful and relaxing getaway. The village is known for its beautiful parks, excellent restaurants, and unique shopping experiences. Here is a detailed review of Bloomingdale, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Bloomingdale Park District: The Bloomingdale Park District is a great place to visit for those who love outdoor activities. The park district offers a variety of activities, including hiking, biking, fishing, and more. The park district also has several playgrounds and picnic areas, making it a great place to spend time with family and friends.
2. Explore the Bloomingdale Trail: The Bloomingdale Trail is a 2.7-mile trail that runs through the heart of Bloomingdale. The trail is perfect for walking, jogging, or biking. It is also a great place to enjoy the beautiful scenery of the village.
3. Visit the Stratford Square Mall: The Stratford Square Mall is a popular shopping destination in Bloomingdale. The mall has over 150 stores, including popular brands like Macy’s, JCPenney, and Sears. The mall also has several restaurants and a movie theater.
4. Attend a Concert at the Bloomingdale Park District Amphitheater: The Bloomingdale Park District Amphitheater is a great place to enjoy live music and other performances. The amphitheater hosts several events throughout the year, including concerts, plays, and more.
Places to See:
1. The Bloomingdale Historical Museum: The Bloomingdale Historical Museum is a great place to learn about the history of the village. The museum has several exhibits that showcase the village’s rich history, including artifacts, photographs, and more.
2. The Bloomingdale Golf Club: The Bloomingdale Golf Club is a beautiful golf course that is open to the public. The course is known for its challenging layout and beautiful scenery.
3. The Bloomingdale Public Library: The Bloomingdale Public Library is a great place to visit for those who love books. The library has a large collection of books, magazines, and other materials. It also hosts several events throughout the year, including book clubs, author talks, and more.
Food to Eat:
1. The Beer Market: The Beer Market is a great place to enjoy a cold beer and delicious food. The restaurant has a large selection of craft beers and a menu that includes burgers, sandwiches, and more.
2. The Saddle Room: The Saddle Room is a great place to enjoy a fine dining experience. The restaurant has a menu that includes steak, seafood, and other delicious dishes. It also has a great selection of wine and cocktails.
3. The Lucky Monk: The Lucky Monk is a great place to enjoy a casual dining experience. The restaurant has a menu that includes pizza, burgers, and other delicious dishes. It also has a great selection of beer and wine.
Overall, Bloomingdale is a great place to visit for those who are looking for a peaceful and relaxing getaway. The village has a lot to offer, including beautiful parks, unique shopping experiences, and excellent restaurants. Whether you are looking for outdoor activities or a fine dining experience, Bloomingdale has something for everyone.