Finding the best hard money lenders in Bonita 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 Bonita 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. Bonita Springs private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Bonita 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 Bonita Springs
What Do Bonita Springs Hard Money Lenders Charge?
Hard money loan rates in Bonita Springs range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Bonita Springs also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Bonita Springs Require Appraisals?
With most hard money lenders in Bonita Springs, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Bonita Springs?
Hard money loans in Bonita 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 Bonita Springs Florida
Bonita Springs is a beautiful city located in Southwest Florida, known for its stunning beaches, natural beauty, and rich cultural heritage. The city is a popular tourist destination, attracting visitors from all over the world with its warm weather, friendly locals, and endless opportunities for outdoor recreation.
One of the best things to do in Bonita Springs is to visit its many beaches. The city is home to some of the most beautiful beaches in the world, including Barefoot Beach, Bonita Beach, and Lovers Key State Park. These beaches offer miles of pristine white sand, crystal clear waters, and breathtaking views of the Gulf of Mexico. Visitors can enjoy swimming, sunbathing, fishing, kayaking, and more.
Another popular attraction in Bonita Springs is the Everglades Wonder Gardens. This botanical garden and wildlife sanctuary is home to a variety of exotic animals, including alligators, flamingos, and panthers. Visitors can take a guided tour of the gardens, watch animal shows, and learn about the history and culture of the area.
For those interested in history and culture, Bonita Springs has several museums and art galleries to explore. The Center for the Arts of Bonita Springs is a popular destination for art lovers, featuring a variety of exhibits, classes, and workshops. The Bonita Springs Historical Society Museum is another must-visit attraction, showcasing the rich history and heritage of the city.
When it comes to food, Bonita Springs has a diverse and vibrant culinary scene. The city is home to a variety of restaurants, cafes, and bars, offering everything from fresh seafood and Italian cuisine to Mexican and Asian fusion. Some of the most popular restaurants in Bonita Springs include Angelina’s Ristorante, Roy’s Restaurant, and Coconut Jack’s Waterfront Grille.
Overall, Bonita Springs is a wonderful destination for anyone looking to experience the beauty and culture of Southwest Florida. With its stunning beaches, natural attractions, and rich history, there is something for everyone to enjoy in this charming city.