Finding the best hard money lenders in Citrus Park 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 Citrus Park 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. Citrus Park private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Citrus Park 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 Citrus Park
What Do Citrus Park Hard Money Lenders Charge?
Hard money loan rates in Citrus Park range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Citrus Park also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Citrus Park Require Appraisals?
With most hard money lenders in Citrus Park, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Citrus Park?
Hard money loans in Citrus Park 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 Citrus Park Florida
Citrus Park is a beautiful and vibrant community located in the heart of Tampa, Florida. This area is known for its lush greenery, stunning parks, and a wide range of activities that cater to all ages and interests. Whether you’re a nature lover, a foodie, or a shopaholic, Citrus Park has something for everyone.
One of the best things to do in Citrus Park is to explore the many parks and nature reserves in the area. The Upper Tampa Bay Trail is a popular spot for hiking, biking, and jogging, and it offers stunning views of the surrounding wetlands and wildlife. The Lettuce Lake Park is another must-visit destination, with its boardwalks, observation tower, and picnic areas. The park is also home to a variety of birds, turtles, and alligators, making it a great spot for nature enthusiasts.
If you’re looking for some retail therapy, Citrus Park has plenty of options. The Citrus Park Mall is a popular shopping destination, with over 100 stores and restaurants to choose from. The mall also hosts regular events and activities, such as live music and holiday celebrations. For a more unique shopping experience, head to the Tampa Bay Farmers Market, where you can find fresh produce, handmade crafts, and artisanal goods.
When it comes to food, Citrus Park has a diverse range of options to choose from. For a taste of authentic Cuban cuisine, check out La Teresita Restaurant, which has been serving up delicious dishes for over 50 years. If you’re in the mood for some seafood, head to the Crab Shack, which offers fresh seafood and a laid-back atmosphere. For a more upscale dining experience, try the Capital Grille, which serves up delicious steaks and seafood in an elegant setting.
Overall, Citrus Park is a wonderful community that offers something for everyone. Whether you’re looking to explore nature, shop till you drop, or indulge in some delicious food, this area has it all. So if you’re planning a trip to Tampa, be sure to add Citrus Park to your itinerary!