Finding the best hard money lenders in Fort Lauderdale 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 Fort Lauderdale 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. Fort Lauderdale private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Fort Lauderdale 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 Fort Lauderdale
What Do Fort Lauderdale Hard Money Lenders Charge?
Hard money loan rates in Fort Lauderdale range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Fort Lauderdale also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Fort Lauderdale Require Appraisals?
With most hard money lenders in Fort Lauderdale, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Fort Lauderdale?
Hard money loans in Fort Lauderdale 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 Fort Lauderdale Florida
Fort Lauderdale is a beautiful city located in the state of Florida, known for its stunning beaches, vibrant nightlife, and rich cultural heritage. Whether you’re a nature lover, a foodie, or a history buff, there’s something for everyone in this charming city.
One of the best things to do in Fort Lauderdale is to visit its world-famous beaches. The city boasts over 23 miles of pristine coastline, with crystal-clear waters and soft, white sand. Some of the most popular beaches include Fort Lauderdale Beach, Las Olas Beach, and Pompano Beach. Visitors can enjoy a variety of water sports, such as swimming, surfing, and paddleboarding, or simply relax and soak up the sun.
Another must-see attraction in Fort Lauderdale is the Bonnet House Museum and Gardens. This historic estate was built in the 1920s and features a stunning collection of art, antiques, and artifacts. Visitors can take a guided tour of the house and gardens, which are filled with exotic plants, sculptures, and water features.
For those interested in wildlife, the Everglades Holiday Park is a must-visit destination. This vast wetland ecosystem is home to a diverse array of flora and fauna, including alligators, panthers, and manatees. Visitors can take an airboat tour of the park, which offers a unique perspective on this fascinating ecosystem.
When it comes to food, Fort Lauderdale has a thriving culinary scene, with a wide range of restaurants and cafes to choose from. Some of the most popular dishes include fresh seafood, Cuban sandwiches, and key lime pie. Some of the best restaurants in the city include Coconuts, Casa D’Angelo, and Louie Bossi’s Ristorante.
In terms of nightlife, Fort Lauderdale has plenty to offer, with a variety of bars, clubs, and music venues. Some of the most popular spots include the Elbo Room, the Wreck Bar, and the Culture Room. Visitors can enjoy live music, dancing, and a wide range of cocktails and craft beers.
Overall, Fort Lauderdale is a fantastic destination for anyone looking for sun, sand, and fun. With its beautiful beaches, rich cultural heritage, and vibrant nightlife, there’s something for everyone in this charming city.