Finding the best hard money lenders in Ferry Pass 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 Ferry Pass 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. Ferry Pass private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Ferry Pass 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 Ferry Pass
What Do Ferry Pass Hard Money Lenders Charge?
Hard money loan rates in Ferry Pass range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Ferry Pass also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Ferry Pass Require Appraisals?
With most hard money lenders in Ferry Pass, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Ferry Pass?
Hard money loans in Ferry Pass 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 Ferry Pass Florida
Ferry Pass is a charming neighborhood located in the northern part of Pensacola, Florida. It is a great place to visit for those who are looking for a peaceful and relaxing vacation. The neighborhood is surrounded by beautiful parks, beaches, and historic sites that are worth exploring. Here is a detailed review of Ferry Pass, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the University of West Florida: The University of West Florida is located in Ferry Pass and is a great place to visit for those who are interested in higher education. The campus is beautiful and has many interesting buildings and landmarks to explore.
2. Go to the Beach: Ferry Pass is located near some of the most beautiful beaches in Florida. Pensacola Beach and Perdido Key Beach are both located within a short drive from Ferry Pass and offer white sand beaches, crystal clear water, and plenty of activities like swimming, sunbathing, and surfing.
3. Explore the Parks: Ferry Pass is surrounded by many beautiful parks that are perfect for hiking, biking, and picnicking. Some of the most popular parks in the area include Bay Bluffs Park, Big Lagoon State Park, and Tarkiln Bayou Preserve State Park.
4. Visit the Historic Sites: Ferry Pass is home to many historic sites that are worth exploring. The Pensacola Lighthouse and Museum, Fort Barrancas, and the National Naval Aviation Museum are all located within a short drive from Ferry Pass and offer a glimpse into the area’s rich history.
Places to See:
1. Pensacola Beach: Pensacola Beach is one of the most popular attractions in the area. The beach offers white sand beaches, crystal clear water, and plenty of activities like swimming, sunbathing, and surfing.
2. Perdido Key Beach: Perdido Key Beach is another popular attraction in the area. The beach is known for its white sand beaches, crystal clear water, and beautiful sunsets.
3. Bay Bluffs Park: Bay Bluffs Park is a beautiful park located in Ferry Pass. The park offers hiking trails, picnic areas, and beautiful views of the bay.
4. Pensacola Lighthouse and Museum: The Pensacola Lighthouse and Museum is a historic landmark located in Ferry Pass. The lighthouse offers beautiful views of the bay and the museum offers a glimpse into the area’s rich history.
Food to Eat:
1. The Fish House: The Fish House is a popular seafood restaurant located in Pensacola. The restaurant offers fresh seafood, beautiful views of the bay, and a lively atmosphere.
2. McGuire’s Irish Pub: McGuire’s Irish Pub is a popular restaurant located in Pensacola. The restaurant offers traditional Irish food, live music, and a lively atmosphere.
3. The Grand Marlin: The Grand Marlin is a popular seafood restaurant located in Pensacola Beach. The restaurant offers fresh seafood, beautiful views of the beach, and a lively atmosphere.
4. The Oar House: The Oar House is a popular seafood restaurant located in Pensacola. The restaurant offers fresh seafood, beautiful views of the bay, and a laid-back atmosphere.
Overall, Ferry Pass is a great place to visit for those who are looking for a peaceful and relaxing vacation. The neighborhood is surrounded by beautiful parks, beaches, and historic sites that are worth exploring. Whether you are interested in hiking, swimming, or exploring the area’s rich history, Ferry Pass has something for everyone.