Finding the best hard money lenders in East Lake 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 East Lake 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. East Lake private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in East Lake 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 East Lake
What Do East Lake Hard Money Lenders Charge?
Hard money loan rates in East Lake range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in East Lake also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In East Lake Require Appraisals?
With most hard money lenders in East Lake, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In East Lake?
Hard money loans in East Lake 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 East Lake Florida
East Lake is a beautiful and serene lake located in Wuhan, China. It is the largest urban lake in China and is surrounded by lush greenery and scenic views. The lake is a popular tourist destination and offers a wide range of activities and attractions for visitors.
One of the best things to do at East Lake is to take a boat ride. Visitors can rent a boat and explore the lake at their own pace. The lake is also home to several islands, and visitors can take a boat to these islands and explore them as well.
Another popular activity at East Lake is cycling. The lake has a dedicated cycling path that runs along its perimeter, and visitors can rent bicycles and explore the lake on two wheels. The cycling path is well-maintained and offers stunning views of the lake and its surroundings.
For those interested in history and culture, there are several places to see at East Lake. The Hubei Provincial Museum is located near the lake and is home to a vast collection of artifacts and exhibits that showcase the history and culture of the region. The Guiyuan Temple is another popular attraction and is known for its beautiful architecture and serene surroundings.
When it comes to food, East Lake has plenty to offer. The lake is surrounded by several restaurants and cafes that serve a variety of local and international cuisines. Visitors can enjoy a meal while taking in the beautiful views of the lake.
Overall, East Lake is a must-visit destination for anyone traveling to Wuhan. With its stunning views, wide range of activities, and cultural attractions, it is a place that offers something for everyone.