Finding the best hard money lenders in DeBary 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 DeBary 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. DeBary private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in DeBary 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 DeBary
What Do Debary Hard Money Lenders Charge?
Hard money loan rates in DeBary range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in DeBary also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Debary Require Appraisals?
With most hard money lenders in DeBary, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Debary?
Hard money loans in DeBary 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 Debary Florida
DeBary is a small city located in Volusia County, Florida. It is a peaceful and charming place that offers a variety of activities and attractions for visitors. Here is a detailed review of DeBary, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Gemini Springs Park: This park is a popular destination for locals and tourists alike. It features a beautiful spring-fed lake, hiking trails, picnic areas, and a playground. Visitors can also rent kayaks and canoes to explore the lake.
2. DeBary Golf and Country Club: This golf course is a must-visit for golf enthusiasts. It features an 18-hole championship course, a driving range, and a clubhouse with a restaurant and bar.
3. DeBary Hall Historic Site: This historic site is a great place to learn about the history of DeBary. It features a 19th-century mansion, a museum, and beautiful gardens.
4. Lake Monroe Park: This park is located on the shores of Lake Monroe and offers a variety of activities, including fishing, boating, and hiking. It also has picnic areas and a playground.
5. St. Johns River Eco Tours: This tour company offers guided boat tours of the St. Johns River. Visitors can see wildlife, including alligators, manatees, and birds, and learn about the history and ecology of the area.
Places to See:
1. Blue Spring State Park: This park is located just a short drive from DeBary and is a must-see attraction. It features a crystal-clear spring, hiking trails, and a boardwalk where visitors can see manatees in the winter months.
2. Central Florida Zoo and Botanical Gardens: This zoo is located in nearby Sanford and is a great place to see a variety of animals, including giraffes, rhinos, and alligators. It also has a botanical garden with beautiful flowers and plants.
3. Daytona Beach: This famous beach is located just a short drive from DeBary and is a great place to spend a day. Visitors can swim, sunbathe, and enjoy a variety of water sports.
4. Orlando Theme Parks: DeBary is located just a short drive from Orlando, which is home to some of the world’s most famous theme parks, including Walt Disney World, Universal Studios, and SeaWorld.
Food to Eat:
1. Swamp House Grill: This restaurant is located on the shores of Lake Monroe and offers delicious seafood, burgers, and steaks. It also has a great selection of craft beers.
2. DeBary Diner: This classic diner serves breakfast, lunch, and dinner and is a great place to get a hearty meal. It also has a bakery with delicious desserts.
3. The Original Stavro’s Pizza House: This pizza restaurant has been serving delicious pizza since 1980. It also has a great selection of Italian dishes, including pasta and calzones.
4. The Deli at DeBary: This deli serves delicious sandwiches, salads, and soups. It also has a great selection of craft beers and wines.
Overall, DeBary is a great place to visit for those looking for a peaceful and charming destination. With its beautiful parks, historic sites, and delicious restaurants, there is something for everyone to enjoy.