Finding the best hard money lenders in Fleming Island 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 Fleming Island 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. Fleming Island private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Fleming Island 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 Fleming Island
What Do Fleming Island Hard Money Lenders Charge?
Hard money loan rates in Fleming Island range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Fleming Island also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Fleming Island Require Appraisals?
With most hard money lenders in Fleming Island, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Fleming Island?
Hard money loans in Fleming Island 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 Fleming Island Florida
Fleming Island is a beautiful suburban community located in Clay County, Florida. It is a great place to visit for those who are looking for a peaceful and relaxing vacation. The area is known for its natural beauty, outdoor activities, and family-friendly attractions. Here is a detailed review of Fleming Island, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Fleming Island Golf Club: This is a beautiful golf course that is perfect for golf enthusiasts. The course is well-maintained and offers a challenging game for players of all skill levels.
2. Explore the Black Creek Trail: This is a scenic trail that is perfect for hiking, biking, and jogging. The trail is surrounded by lush greenery and offers stunning views of the surrounding landscape.
3. Go Fishing: Fleming Island is home to several lakes and rivers that are perfect for fishing. Some of the popular fishing spots include Doctors Lake, Black Creek, and St. Johns River.
4. Visit the Eagle Harbor Golf Club: This is another beautiful golf course that is perfect for golf enthusiasts. The course is well-maintained and offers a challenging game for players of all skill levels.
5. Go Shopping: Fleming Island is home to several shopping centers and malls. Some of the popular shopping destinations include Fleming Island Plantation, Eagle Harbor Shopping Center, and Island Walk Shopping Center.
Places to See:
1. Fleming Island Plantation: This is a beautiful residential community that is known for its natural beauty and scenic views. The community is surrounded by lush greenery and offers stunning views of the surrounding landscape.
2. Doctors Lake: This is a beautiful lake that is perfect for boating, fishing, and swimming. The lake is surrounded by lush greenery and offers stunning views of the surrounding landscape.
3. St. Johns River: This is a beautiful river that is perfect for boating, fishing, and swimming. The river is surrounded by lush greenery and offers stunning views of the surrounding landscape.
4. Black Creek: This is a beautiful creek that is perfect for fishing, kayaking, and canoeing. The creek is surrounded by lush greenery and offers stunning views of the surrounding landscape.
5. The Clay County Fairgrounds: This is a popular destination for families and is home to several events throughout the year. Some of the popular events include the Clay County Agricultural Fair, the Clay County Christmas Festival, and the Clay County Rodeo.
Food to Eat:
1. Whitey’s Fish Camp: This is a popular seafood restaurant that is known for its fresh seafood and scenic views. The restaurant is located on the banks of the St. Johns River and offers stunning views of the surrounding landscape.
2. The Loop Pizza Grill: This is a popular pizza restaurant that is known for its delicious pizza and casual atmosphere. The restaurant offers a wide variety of pizza toppings and is perfect for families.
3. Mellow Mushroom: This is a popular pizza restaurant that is known for its delicious pizza and unique atmosphere. The restaurant offers a wide variety of pizza toppings and is perfect for families.
4. The Pig Bar-B-Q: This is a popular barbecue restaurant that is known for its delicious barbecue and casual atmosphere. The restaurant offers a wide variety of barbecue dishes and is perfect for families.
5. The Cheesecake Factory: This is a popular restaurant that is known for its delicious cheesecake and casual atmosphere. The restaurant offers a wide variety of dishes and is perfect for families.
Overall, Fleming Island is a beautiful community that is perfect for those who are looking for a peaceful and relaxing vacation. The area is known for its natural beauty, outdoor activities, and family-friendly attractions. Whether you are looking to explore the great outdoors, go shopping, or enjoy delicious food, Fleming Island has something for everyone.