Finding the best hard money lenders in Gibsonton 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 Gibsonton 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. Gibsonton private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Gibsonton 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 Gibsonton
What Do Gibsonton Hard Money Lenders Charge?
Hard money loan rates in Gibsonton range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Gibsonton also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Gibsonton Require Appraisals?
With most hard money lenders in Gibsonton, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Gibsonton?
Hard money loans in Gibsonton 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 Gibsonton Florida
Gibsonton, also known as “Gibtown,” is a small town located in Hillsborough County, Florida. It is known for its rich history in the carnival and circus industry, as many performers and workers would call Gibsonton their home during the off-season. Today, Gibsonton is a charming town with a unique character and plenty of things to see and do.
One of the best things to do in Gibsonton is to visit the International Independent Showmen’s Museum. This museum is dedicated to the history of the carnival and circus industry and features exhibits on the performers, rides, and games that have been a part of this industry for over a century. Visitors can also see vintage carnival and circus equipment, including wagons, costumes, and props.
Another must-see attraction in Gibsonton is the Showtown Bar & Grill. This restaurant is decorated with circus and carnival memorabilia and serves up delicious food, including burgers, sandwiches, and seafood. The atmosphere is lively and fun, making it a great spot to grab a bite to eat and enjoy a drink with friends.
For those who love the outdoors, Gibsonton has several parks and nature preserves to explore. The Alafia River State Park is a popular spot for hiking, fishing, and kayaking. The park features over 20 miles of trails, as well as a campground and picnic areas. The nearby Bullfrog Creek Mitigation Park is another great spot for hiking and birdwatching.
If you’re looking for a unique shopping experience, Gibsonton has several antique shops and flea markets to explore. The Red Barn Flea Market is one of the largest flea markets in the area and features over 600 vendors selling everything from clothing to home decor.
Overall, Gibsonton is a charming town with a rich history and plenty of things to see and do. Whether you’re interested in the carnival and circus industry, outdoor activities, or shopping, there is something for everyone in Gibsonton.