Finding the best hard money lenders in Carrollwood 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 Carrollwood 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. Carrollwood private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Carrollwood 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 Carrollwood
What Do Carrollwood Hard Money Lenders Charge?
Hard money loan rates in Carrollwood range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Carrollwood also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Carrollwood Require Appraisals?
With most hard money lenders in Carrollwood, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Carrollwood?
Hard money loans in Carrollwood 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 Carrollwood Florida
Carrollwood is a beautiful suburban community located in the heart of Tampa, Florida. It is a great place to live, work, and play, with plenty of things to do and see. Here is a detailed review of Carrollwood, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Carrollwood Cultural Center: The Carrollwood Cultural Center is a great place to visit for art lovers. It features a variety of art exhibits, performances, and classes.
2. Go to the Carrollwood Village Park: The Carrollwood Village Park is a great place to go for a picnic, play sports, or just relax. It features a playground, basketball courts, tennis courts, and more.
3. Explore the Upper Tampa Bay Trail: The Upper Tampa Bay Trail is a great place to go for a bike ride, jog, or walk. It features beautiful scenery and wildlife.
4. Play Golf at the Carrollwood Country Club: The Carrollwood Country Club is a great place to play golf. It features a beautiful course and great amenities.
5. Go Shopping at the Carrollwood Village Shopping Center: The Carrollwood Village Shopping Center is a great place to go shopping. It features a variety of stores, restaurants, and more.
Places to See:
1. Lake Carroll: Lake Carroll is a beautiful lake located in the heart of Carrollwood. It is a great place to go for a walk, jog, or just relax.
2. The Carrollwood Players Theatre: The Carrollwood Players Theatre is a great place to see a play or musical. It features a variety of shows throughout the year.
3. The Carrollwood Village Golf and Tennis Club: The Carrollwood Village Golf and Tennis Club is a great place to see some of the best golfers and tennis players in the area.
4. The Carrollwood Village Park: The Carrollwood Village Park is a great place to see beautiful scenery and wildlife.
5. The Carrollwood Cultural Center: The Carrollwood Cultural Center is a great place to see art exhibits, performances, and classes.
Food to Eat:
1. The Great Spiedini: The Great Spiedini is a great Italian restaurant located in Carrollwood. It features delicious food and great service.
2. The Vine Restaurant and Wine Bar: The Vine Restaurant and Wine Bar is a great place to go for a romantic dinner. It features a variety of delicious food and great wine.
3. The Brass Tap: The Brass Tap is a great place to go for a beer and some pub food. It features a variety of craft beers and great service.
4. The Cheesecake Factory: The Cheesecake Factory is a great place to go for a delicious dessert. It features a variety of cheesecakes and other desserts.
5. The Melting Pot: The Melting Pot is a great place to go for a romantic dinner. It features a variety of delicious fondue dishes and great service.
Overall, Carrollwood is a great place to live, work, and play. It features a variety of things to do and see, including beautiful parks, great restaurants, and cultural attractions. Whether you are a resident or a visitor, Carrollwood is definitely worth a visit.