Finding the best hard money lenders in Fort Walton Beach 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 Walton Beach 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 Walton Beach private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Fort Walton Beach 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 Walton Beach
What Do Fort Walton Beach Hard Money Lenders Charge?
Hard money loan rates in Fort Walton Beach range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Fort Walton Beach also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Fort Walton Beach Require Appraisals?
With most hard money lenders in Fort Walton Beach, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Fort Walton Beach?
Hard money loans in Fort Walton Beach 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 Walton Beach Florida
Fort Walton Beach is a beautiful city located in the Florida Panhandle. It is a popular tourist destination due to its stunning beaches, crystal-clear waters, and a plethora of activities to do. Here is a detailed review of Fort Walton Beach, including the best things to do, places to see, food to eat, and more.
Best Things to Do:
1. Visit the Gulfarium Marine Adventure Park: This park is home to a variety of marine animals, including dolphins, sea lions, and sharks. Visitors can watch live shows, interact with the animals, and even swim with dolphins.
2. Go Fishing: Fort Walton Beach is known for its excellent fishing opportunities. Visitors can fish from the pier, charter a boat, or even go on a deep-sea fishing excursion.
3. Explore the Okaloosa Island Boardwalk: This boardwalk is a popular spot for shopping, dining, and entertainment. Visitors can enjoy live music, carnival rides, and delicious food.
4. Relax on the Beach: Fort Walton Beach is home to some of the most beautiful beaches in the world. Visitors can soak up the sun, swim in the crystal-clear waters, and enjoy the stunning views.
5. Visit the Indian Temple Mound Museum: This museum is dedicated to the Native American history of the area. Visitors can learn about the culture, traditions, and artifacts of the Native American tribes that once lived in the area.
Places to See:
1. Emerald Coast Science Center: This science center is a great place for families to visit. It features interactive exhibits, hands-on activities, and educational programs.
2. Air Force Armament Museum: This museum is dedicated to the history of the Air Force and its weapons. Visitors can see a variety of aircraft, missiles, and bombs.
3. Camp Walton Schoolhouse Museum: This museum is housed in a historic schoolhouse and features exhibits on the history of the area.
4. Okaloosa Island Pier: This pier is a popular spot for fishing and sightseeing. Visitors can enjoy stunning views of the Gulf of Mexico and watch the sunset.
5. The Boardwalk on Okaloosa Island: This boardwalk is a popular spot for shopping, dining, and entertainment. Visitors can enjoy live music, carnival rides, and delicious food.
Food to Eat:
1. The Crab Trap: This restaurant is known for its fresh seafood and stunning views of the Gulf of Mexico.
2. Stewby’s Seafood Shanty: This casual seafood restaurant is a local favorite. Visitors can enjoy fresh seafood, sandwiches, and salads.
3. The Black Pearl: This restaurant is known for its upscale dining experience and delicious seafood dishes.
4. Fudpucker’s Beachside Bar & Grill: This restaurant is a popular spot for families. Visitors can enjoy seafood, burgers, and live entertainment.
5. The Donut Hole: This bakery is a must-visit for anyone with a sweet tooth. Visitors can enjoy fresh donuts, pastries, and coffee.
Overall, Fort Walton Beach is a beautiful city with a lot to offer. Visitors can enjoy stunning beaches, a variety of activities, and delicious food. Whether you’re looking for a relaxing vacation or an adventure-filled trip, Fort Walton Beach has something for everyone.