Finding the best hard money lenders in Eustis 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 Eustis 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. Eustis private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Eustis 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 Eustis
What Do Eustis Hard Money Lenders Charge?
Hard money loan rates in Eustis range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Eustis also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Eustis Require Appraisals?
With most hard money lenders in Eustis, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Eustis?
Hard money loans in Eustis 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 Eustis Florida
Eustis is a charming city located in Lake County, Florida. It is a perfect destination for those who want to experience the beauty of nature, explore the rich history of the area, and indulge in delicious food. Here is a detailed review of Eustis, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit Ferran Park: Ferran Park is a beautiful park located on the shores of Lake Eustis. It is a perfect place to relax, have a picnic, or take a stroll. The park also has a playground, a fishing pier, and a boat ramp.
2. Explore Lake Eustis Museum of Art: The Lake Eustis Museum of Art is a must-visit for art lovers. It features a collection of contemporary art, as well as rotating exhibits.
3. Take a Scenic Boat Tour: Eustis is surrounded by beautiful lakes, and taking a scenic boat tour is a great way to explore the area. The tours offer stunning views of the lakes, wildlife, and the surrounding landscape.
4. Visit the Eustis Historical Museum and Preservation Society: The Eustis Historical Museum and Preservation Society is a great place to learn about the history of the area. It features exhibits on the early settlers, the citrus industry, and the railroad.
5. Go Fishing: Eustis is a great place for fishing, with plenty of lakes and rivers to choose from. Lake Eustis is particularly popular for bass fishing.
Places to See:
1. Mount Dora: Mount Dora is a nearby city that is worth a visit. It is known for its charming downtown area, antique shops, and annual festivals.
2. Ocala National Forest: The Ocala National Forest is a short drive from Eustis and is a great place for hiking, camping, and exploring nature.
3. Silver Springs State Park: Silver Springs State Park is another nearby attraction that is worth a visit. It features crystal-clear springs, a glass-bottom boat tour, and hiking trails.
4. Leesburg: Leesburg is another nearby city that is worth exploring. It has a historic downtown area, antique shops, and a variety of restaurants.
5. The Villages: The Villages is a retirement community located near Eustis. It is known for its golf courses, shopping, and entertainment options.
Food to Eat:
1. The Goblin Market: The Goblin Market is a popular restaurant in Mount Dora that serves delicious American cuisine. It is known for its creative dishes and extensive wine list.
2. The Crazy Gator: The Crazy Gator is a waterfront restaurant in Eustis that serves seafood and American cuisine. It has a fun atmosphere and live music on the weekends.
3. The Olive Branch Mediterranean-Italian Grille & Bar: The Olive Branch is a Mediterranean-Italian restaurant in Eustis that serves delicious pasta dishes, pizza, and seafood.
4. The Crooked Spoon Gastropub: The Crooked Spoon is a gastropub in Clermont that serves creative American cuisine. It is known for its burgers, craft beer, and outdoor seating.
5. The Bavarian Haus: The Bavarian Haus is a German restaurant in Leesburg that serves authentic German cuisine. It is known for its schnitzel, sausages, and beer.
Overall, Eustis is a great destination for those who want to experience the beauty of nature, explore the rich history of the area, and indulge in delicious food. With plenty of things to do and see, it is a perfect place for a weekend getaway or a longer vacation.