Finding the best hard money lenders in East Lake-Orient Park 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-Orient Park 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-Orient Park private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in East Lake-Orient Park 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-Orient Park
What Do East Lake-Orient Park Hard Money Lenders Charge?
Hard money loan rates in East Lake-Orient Park range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in East Lake-Orient Park also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In East Lake-Orient Park Require Appraisals?
With most hard money lenders in East Lake-Orient Park, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In East Lake-Orient Park?
Hard money loans in East Lake-Orient Park 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-Orient Park Florida
East Lake-Orient Park is a beautiful and diverse community located in the eastern part of Hillsborough County, Florida. This area is known for its rich history, cultural diversity, and natural beauty. There are many things to do and see in East Lake-Orient Park, making it a great destination for tourists and locals alike.
One of the best things to do in East Lake-Orient Park is to visit the Hillsborough River State Park. This park is a great place to go hiking, camping, fishing, and kayaking. The park has over 7 miles of hiking trails, including the popular River Rapids Trail, which offers stunning views of the Hillsborough River. The park also has a large swimming pool, picnic areas, and a playground for children.
Another great place to visit in East Lake-Orient Park is the Florida State Fairgrounds. This venue hosts a variety of events throughout the year, including the annual Florida State Fair, which is held in February. The fair features rides, games, food, and entertainment for all ages. The fairgrounds also host other events, such as concerts, car shows, and flea markets.
If you’re looking for a place to eat in East Lake-Orient Park, there are many great options to choose from. One of the most popular restaurants in the area is La Teresita, which serves authentic Cuban cuisine. The restaurant is known for its delicious Cuban sandwiches, black beans and rice, and flan. Another great restaurant in the area is the Columbia Restaurant, which serves Spanish and Cuban cuisine. The restaurant is known for its paella, sangria, and flamenco dancing.
In addition to these attractions, East Lake-Orient Park is also home to many cultural events and festivals throughout the year. One of the most popular events is the annual Caribbean Carnival, which celebrates the culture and traditions of the Caribbean. The festival features live music, food, and dancing, and attracts thousands of visitors each year.
Overall, East Lake-Orient Park is a great destination for anyone looking to experience the natural beauty, cultural diversity, and rich history of Florida. Whether you’re interested in hiking, camping, or trying new foods, there is something for everyone in this vibrant community.