Finding the best hard money lenders in Fruit Cove 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 Fruit Cove 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. Fruit Cove private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Fruit Cove 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 Fruit Cove
What Do Fruit Cove Hard Money Lenders Charge?
Hard money loan rates in Fruit Cove range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Fruit Cove also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Fruit Cove Require Appraisals?
With most hard money lenders in Fruit Cove, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Fruit Cove?
Hard money loans in Fruit Cove 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 Fruit Cove Florida
Fruit Cove is a charming town located in St. Johns County, Florida. It is a perfect destination for those who want to escape the hustle and bustle of the city and enjoy a peaceful and relaxing vacation. The town is known for its beautiful natural scenery, historic landmarks, and delicious cuisine. Here is a detailed review of Fruit Cove, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Julington-Durbin Preserve: This is a beautiful nature preserve that offers hiking trails, picnic areas, and scenic views of the St. Johns River. It is a great place to spend a day with family and friends.
2. Explore the Fruit Cove Baptist Church: This historic church was built in 1874 and is one of the oldest buildings in the town. It is a beautiful example of Gothic Revival architecture and is worth a visit.
3. Go fishing: Fruit Cove is located near the St. Johns River, which is known for its excellent fishing opportunities. You can rent a boat or go on a guided fishing tour to catch some of the best fish in the area.
4. Play golf: There are several golf courses in the area, including the Julington Creek Golf Club and the St. Johns Golf and Country Club. These courses offer beautiful views and challenging holes for golfers of all skill levels.
Places to See:
1. The Fruit Cove Schoolhouse: This historic schoolhouse was built in 1898 and is now a museum that showcases the history of education in the area. It is a great place to learn about the town’s past and see some interesting artifacts.
2. The Mandarin Museum and Historical Society: This museum is located nearby and offers exhibits on the history of the area, including the Native American tribes that once lived here and the early settlers who founded the town.
3. The St. Augustine Lighthouse and Museum: This iconic lighthouse is located just a short drive from Fruit Cove and offers stunning views of the Atlantic Ocean. You can climb to the top of the lighthouse and learn about its history at the museum.
Food to Eat:
1. The Fresh Market: This grocery store offers a wide variety of fresh produce, meats, and seafood. You can also find prepared foods, baked goods, and gourmet items.
2. The Loop Pizza Grill: This casual restaurant offers delicious pizza, burgers, and salads. It is a great place to grab a quick bite to eat with friends or family.
3. The Blackstone Grille: This upscale restaurant offers a menu of delicious seafood, steaks, and pasta dishes. It is a great place to celebrate a special occasion or enjoy a romantic dinner.
Overall, Fruit Cove is a wonderful destination for those who want to experience the natural beauty and rich history of Florida. Whether you want to hike through a nature preserve, explore a historic landmark, or enjoy some delicious cuisine, there is something for everyone in this charming town.