Finding the best hard money lenders in Fort Myers 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 Myers 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 Myers private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Fort Myers 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 Myers
What Do Fort Myers Hard Money Lenders Charge?
Hard money loan rates in Fort Myers range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Fort Myers also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Fort Myers Require Appraisals?
With most hard money lenders in Fort Myers, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Fort Myers?
Hard money loans in Fort Myers 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 Myers Florida
Fort Myers, Florida is a beautiful city located in the southwestern part of the state. It is known for its stunning beaches, warm weather, and a wide range of activities for visitors to enjoy. Here is a detailed review of Fort Myers, Florida, including the best things to do, places to see, food to eat, and more.
Best Things to Do:
1. Visit the Beaches: Fort Myers is home to some of the most beautiful beaches in the world. The most popular beaches include Fort Myers Beach, Sanibel Island, and Captiva Island. These beaches offer crystal clear waters, white sand, and plenty of opportunities for water sports.
2. Explore the Edison and Ford Winter Estates: The Edison and Ford Winter Estates are a must-visit attraction in Fort Myers. These estates were once the winter homes of Thomas Edison and Henry Ford. Visitors can explore the homes, gardens, and laboratory of these famous inventors.
3. Take a Boat Tour: Fort Myers is surrounded by water, making it the perfect place to take a boat tour. Visitors can take a sunset cruise, dolphin watching tour, or even a fishing charter.
4. Visit the Imaginarium Science Center: The Imaginarium Science Center is a great place to take kids. It features hands-on exhibits, live animals, and a 3D theater.
5. Go Shopping: Fort Myers has plenty of shopping options, including the Miromar Outlets and the Edison Mall. Visitors can find everything from designer clothing to unique souvenirs.
Places to See:
1. Sanibel Island: Sanibel Island is a beautiful barrier island located just off the coast of Fort Myers. It is known for its stunning beaches, wildlife, and shelling.
2. J.N. “Ding” Darling National Wildlife Refuge: The J.N. “Ding” Darling National Wildlife Refuge is a must-visit for nature lovers. It is home to over 245 species of birds, as well as alligators, manatees, and other wildlife.
3. The Bailey-Matthews National Shell Museum: The Bailey-Matthews National Shell Museum is a unique attraction that showcases the beauty and diversity of shells from around the world.
4. The Calusa Nature Center and Planetarium: The Calusa Nature Center and Planetarium is a great place to learn about the natural history of Florida. It features a planetarium, butterfly house, and nature trails.
5. The Edison and Ford Winter Estates: The Edison and Ford Winter Estates are a must-see attraction in Fort Myers. Visitors can explore the homes, gardens, and laboratory of these famous inventors.
Food to Eat:
1. Seafood: Fort Myers is known for its fresh seafood. Visitors can enjoy everything from shrimp and crab to grouper and snapper.
2. Key Lime Pie: Key Lime Pie is a must-try dessert in Fort Myers. It is a sweet and tangy pie made with key lime juice and a graham cracker crust.
3. Cuban Sandwich: The Cuban Sandwich is a popular dish in Fort Myers. It is made with ham, roasted pork, Swiss cheese, pickles, and mustard on Cuban bread.
4. Stone Crab: Stone Crab is a local delicacy in Fort Myers. It is served with mustard sauce and is best enjoyed during the stone crab season, which runs from October to May.
5. Conch Fritters: Conch Fritters are a popular appetizer in Fort Myers. They are made with conch meat, spices, and breadcrumbs and are served with a dipping sauce.
Overall, Fort Myers, Florida is a great destination for anyone looking for a fun and relaxing vacation. With its beautiful beaches, unique attractions, and delicious food, there is something for everyone to enjoy.