Finding the best hard money lenders in Cocoa 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 Cocoa 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. Cocoa private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Cocoa 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 Cocoa
What Do Cocoa Hard Money Lenders Charge?
Hard money loan rates in Cocoa range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Cocoa also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Cocoa Require Appraisals?
With most hard money lenders in Cocoa, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Cocoa?
Hard money loans in Cocoa 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 Cocoa Florida
Cocoa is a charming city located in Brevard County, Florida, known for its beautiful beaches, outdoor activities, and rich history. Here are some of the best things to do, places to see, and food to eat in Cocoa:
Things to Do:
1. Visit the Kennedy Space Center: This is a must-visit attraction in Cocoa, where you can learn about the history of space exploration, see real rockets and spacecraft, and even meet an astronaut.
2. Go to the beach: Cocoa Beach is a popular destination for sunbathing, swimming, surfing, and fishing. You can also rent a kayak or paddleboard to explore the Banana River.
3. Take a river tour: The Indian River Lagoon is a unique ecosystem that is home to dolphins, manatees, and a variety of bird species. You can take a guided tour to learn about the local wildlife and history.
4. Explore Historic Cocoa Village: This charming downtown area is full of shops, restaurants, and galleries. You can also attend events like the Cocoa Village Arts and Crafts Festival or the Sip and Stroll Wine Walk.
5. Play golf: Cocoa has several golf courses, including the Cocoa Beach Country Club and the Rockledge Country Club.
Places to See:
1. Cocoa Beach Pier: This iconic landmark is a great place to watch the sunrise or sunset, go fishing, or enjoy a meal at one of the restaurants.
2. Brevard Zoo: This family-friendly attraction features over 900 animals from around the world, including giraffes, rhinos, and kangaroos.
3. Cocoa Riverfront Park: This scenic park offers views of the Indian River and has a playground, picnic areas, and a boardwalk.
4. Historic Cocoa Village Playhouse: This community theater hosts a variety of shows, including musicals, plays, and concerts.
5. Canaveral National Seashore: This protected area is home to pristine beaches, dunes, and mangrove forests. You can also see sea turtles nesting during the summer months.
Food to Eat:
1. Seafood: Being a coastal city, Cocoa has plenty of seafood restaurants, including Florida Seafood Bar & Grill, Rusty’s Seafood & Oyster Bar, and Grills Seafood Deck & Tiki Bar.
2. Cuban food: The area has a large Cuban population, and you can find delicious Cuban sandwiches, empanadas, and pastries at places like Roberto’s Little Havana and Cuban Island Restaurant.
3. BBQ: If you’re in the mood for some BBQ, check out Slow & Low Barbeque, which serves up smoked meats and classic sides.
4. Craft beer: Cocoa has several breweries, including Playalinda Brewing Company and Bugnutty Brewing Company, where you can try local beers and enjoy live music.
5. Ice cream: For a sweet treat, head to Bruster’s Real Ice Cream or The Fat Donkey Ice Cream & Fine Desserts.
Overall, Cocoa is a great destination for anyone looking for a mix of outdoor activities, history, and good food. Whether you’re interested in space exploration, wildlife, or just relaxing on the beach, there’s something for everyone in Cocoa.