Finding the best hard money lenders in Crestview 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 Crestview 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. Crestview private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Crestview 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 Crestview
What Do Crestview Hard Money Lenders Charge?
Hard money loan rates in Crestview range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Crestview also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Crestview Require Appraisals?
With most hard money lenders in Crestview, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Crestview?
Hard money loans in Crestview 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 Crestview Florida
Crestview is a charming city located in the northwestern part of Florida. It is a great place to visit for those who love the outdoors, history, and good food. Here is a detailed review of Crestview, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Blackwater River State Park: This park is a must-visit for nature lovers. It offers a variety of outdoor activities such as hiking, camping, fishing, and kayaking. The park is also home to a variety of wildlife, including alligators, deer, and birds.
2. Twin Hills Park: This park is perfect for families with children. It has a playground, picnic areas, and a splash pad. The park also hosts events throughout the year, such as movie nights and concerts.
3. Emerald Coast Zoo: This zoo is home to over 100 animals, including tigers, lions, and monkeys. Visitors can also take part in animal encounters and feeding experiences.
4. Heritage Museum of Northwest Florida: This museum showcases the history of the region, including exhibits on Native American culture, the Civil War, and the timber industry.
5. Hot Wheels Skating Center: This indoor skating rink is a great place to have fun with friends and family. It offers public skating sessions, birthday parties, and private events.
Places to See:
1. Yellow River Marsh Preserve State Park: This park is a beautiful natural area that is home to a variety of wildlife, including alligators, turtles, and birds. Visitors can hike, fish, and kayak in the park.
2. Baker Block Museum: This museum is housed in a historic building that was once a general store. It showcases the history of the town of Baker and the surrounding area.
3. Old Spanish Trail Park: This park is a great place to relax and enjoy the outdoors. It has picnic areas, a playground, and a walking trail.
4. Blackman Museum and Cultural Center: This museum showcases the history and culture of the African American community in the region. It has exhibits on local history, art, and music.
5. Crestview Public Library: This library is a great place to visit for book lovers. It has a large collection of books, magazines, and DVDs, as well as a children’s section and a computer lab.
Food to Eat:
1. Hub City Smokehouse and Grill: This restaurant serves delicious barbecue dishes, including pulled pork, brisket, and ribs. It also has a variety of sides, such as mac and cheese and baked beans.
2. La Rumba Mexican Restaurant: This restaurant serves authentic Mexican cuisine, including tacos, burritos, and fajitas. It also has a variety of margaritas and other cocktails.
3. Wild Olive Pizzeria and Bakery: This restaurant serves delicious pizzas, sandwiches, and salads. It also has a bakery that sells fresh bread, pastries, and desserts.
4. Thai 101: This restaurant serves authentic Thai cuisine, including curries, stir-fries, and noodle dishes. It also has vegetarian and gluten-free options.
5. The Wild Olive: This restaurant serves Southern-style comfort food, including fried chicken, meatloaf, and mashed potatoes. It also has a variety of desserts, such as pecan pie and banana pudding.
Overall, Crestview is a great place to visit for those who love the outdoors, history, and good food. With its beautiful parks, interesting museums, and delicious restaurants, there is something for everyone in this charming city.