Finding the best hard money lenders in Bradenton 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 Bradenton 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. Bradenton private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Bradenton 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 Bradenton
What Do Bradenton Hard Money Lenders Charge?
Hard money loan rates in Bradenton range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Bradenton also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Bradenton Require Appraisals?
With most hard money lenders in Bradenton, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Bradenton?
Hard money loans in Bradenton 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 Bradenton Florida
Bradenton is a beautiful city located in Manatee County, Florida. It is a popular tourist destination that offers a wide range of activities and attractions for visitors of all ages. From stunning beaches to historic landmarks, there is something for everyone in Bradenton.
One of the best things to do in Bradenton is to visit the beautiful beaches. The city is home to some of the most stunning beaches in Florida, including Anna Maria Island, Longboat Key, and Bradenton Beach. These beaches offer crystal clear waters, soft white sand, and plenty of opportunities for swimming, sunbathing, and water sports.
Another popular attraction in Bradenton is the Riverwalk. This scenic walkway stretches along the Manatee River and offers stunning views of the water and the city skyline. Visitors can enjoy a leisurely stroll, bike ride, or even a picnic along the Riverwalk.
For history buffs, Bradenton offers several historic landmarks and museums. The De Soto National Memorial is a must-visit attraction that commemorates the landing of Spanish explorer Hernando de Soto in 1539. The Manatee Village Historical Park is another popular attraction that showcases the history and culture of the region.
Foodies will also love Bradenton’s diverse culinary scene. The city is home to a wide range of restaurants that offer everything from fresh seafood to international cuisine. Some of the must-try dishes in Bradenton include the seafood platter at the Swordfish Grill, the Cuban sandwich at the Havana Cabana, and the pizza at the Fire and Stone Pizzeria.
In addition to these attractions, Bradenton also offers plenty of opportunities for outdoor activities. Visitors can go kayaking, fishing, or even take a scenic boat tour of the area. The city also has several parks and nature preserves that offer hiking trails, picnic areas, and wildlife viewing opportunities.
Overall, Bradenton is a fantastic destination that offers something for everyone. Whether you’re looking for a relaxing beach vacation or an action-packed adventure, this city has it all. With its beautiful beaches, historic landmarks, delicious cuisine, and outdoor activities, Bradenton is definitely worth a visit.