Finding the best hard money lenders in DeLand 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 DeLand 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. DeLand private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in DeLand 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 DeLand
What Do Deland Hard Money Lenders Charge?
Hard money loan rates in DeLand range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in DeLand also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Deland Require Appraisals?
With most hard money lenders in DeLand, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Deland?
Hard money loans in DeLand 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 Deland Florida
DeLand is a charming city located in Volusia County, Florida. It is known for its historic downtown area, beautiful parks, and vibrant arts scene. Here is a detailed review of DeLand, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Stetson Mansion: The Stetson Mansion is a historic home that was built in 1886 by John B. Stetson, the famous hat maker. It is now a museum and offers guided tours that showcase the mansion’s beautiful architecture and history.
2. DeLand Naval Air Station Museum: This museum is dedicated to the history of the DeLand Naval Air Station, which was a training facility for Navy pilots during World War II. It features exhibits, artifacts, and memorabilia from the era.
3. DeLand Farmers Market: The DeLand Farmers Market is a popular destination for locals and visitors alike. It offers a wide variety of fresh produce, baked goods, and handmade crafts.
4. DeLand Artisan Alley: DeLand Artisan Alley is a vibrant arts district that features galleries, studios, and shops. It is a great place to explore and discover local artists and their work.
5. Blue Spring State Park: Blue Spring State Park is a beautiful natural area that offers hiking trails, swimming, and wildlife viewing. It is also a popular spot for kayaking and canoeing.
Places to See:
1. DeLand Historic District: The DeLand Historic District is a charming area that features beautiful architecture and historic buildings. It is a great place to take a stroll and admire the city’s rich history.
2. Athens Theatre: The Athens Theatre is a historic theater that was built in 1921. It has been restored and now hosts a variety of performances, including plays, concerts, and movies.
3. DeLand Memorial Hospital Museum: The DeLand Memorial Hospital Museum is a unique museum that showcases the history of healthcare in DeLand. It features exhibits, artifacts, and memorabilia from the early days of the hospital.
4. DeLand House Museum: The DeLand House Museum is a historic home that was built in 1886. It is now a museum and offers guided tours that showcase the home’s beautiful architecture and history.
5. DeLand Veterans Museum: The DeLand Veterans Museum is a museum that honors the service and sacrifice of veterans. It features exhibits, artifacts, and memorabilia from various wars and conflicts.
Food to Eat:
1. Byte: Byte is a popular restaurant that offers a variety of dishes, including burgers, sandwiches, and salads. It is known for its creative menu and friendly atmosphere.
2. BakeChop: BakeChop is a bakery and cafe that offers a variety of baked goods, sandwiches, and coffee. It is a great place to grab a quick bite or enjoy a leisurely meal.
3. The Table: The Table is a farm-to-table restaurant that offers a variety of dishes made with locally sourced ingredients. It is known for its delicious food and cozy atmosphere.
4. De La Vega: De La Vega is a Latin American restaurant that offers a variety of dishes, including empanadas, tacos, and ceviche. It is a great place to try something new and enjoy a lively atmosphere.
5. Kermit’s Key West Key Lime Shoppe: Kermit’s Key West Key Lime Shoppe is a popular dessert shop that offers a variety of key lime pies, tarts, and other treats. It is a must-visit for anyone with a sweet tooth.
Overall, DeLand is a charming city that offers something for everyone. Whether you are interested in history, art, nature, or food, you are sure to find something to enjoy in this vibrant community.