Finding the best hard money lenders in Coral Terrace 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 Coral Terrace 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. Coral Terrace private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Coral Terrace 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 Coral Terrace
What Do Coral Terrace Hard Money Lenders Charge?
Hard money loan rates in Coral Terrace range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Coral Terrace also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Coral Terrace Require Appraisals?
With most hard money lenders in Coral Terrace, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Coral Terrace?
Hard money loans in Coral Terrace 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 Coral Terrace Florida
Coral Terrace is a beautiful neighborhood located in Miami, Florida. It is known for its lush greenery, stunning architecture, and vibrant culture. The area is a popular tourist destination, and there are plenty of things to do and see in Coral Terrace.
One of the best things to do in Coral Terrace is to visit the Miami Seaquarium. This is a world-renowned marine park that features a variety of sea creatures, including dolphins, sea lions, and killer whales. Visitors can watch live shows, interact with the animals, and learn about marine life conservation.
Another popular attraction in Coral Terrace is the Vizcaya Museum and Gardens. This is a historic estate that was built in the early 1900s and features stunning gardens, fountains, and sculptures. Visitors can take a guided tour of the estate and learn about its rich history and architecture.
For foodies, Coral Terrace has plenty of options to choose from. The area is known for its diverse cuisine, including Cuban, Italian, and seafood. Some of the best restaurants in Coral Terrace include Versailles Restaurant, Sergio’s Cuban Kitchen, and La Carreta.
If you’re looking for outdoor activities, Coral Terrace has plenty of parks and recreational areas. The Coral Gables Waterway is a popular spot for kayaking and paddleboarding, while the Matheson Hammock Park offers hiking trails, picnic areas, and a beach.
Overall, Coral Terrace is a beautiful and vibrant neighborhood that offers something for everyone. Whether you’re interested in history, culture, or outdoor activities, you’re sure to find something to enjoy in Coral Terrace.