Finding the best hard money lenders in Groveland 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 Groveland 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. Groveland private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Groveland 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 Groveland
What Do Groveland Hard Money Lenders Charge?
Hard money loan rates in Groveland range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Groveland also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Groveland Require Appraisals?
With most hard money lenders in Groveland, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Groveland?
Hard money loans in Groveland 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 Groveland Florida
Groveland is a charming town located in Tuolumne County, California, and is known for its proximity to Yosemite National Park. The town has a rich history, and visitors can explore its historic downtown area, which is listed on the National Register of Historic Places.
One of the best things to do in Groveland is to visit Yosemite National Park, which is just a short drive away. The park is home to some of the most stunning natural landscapes in the world, including Yosemite Valley, Half Dome, and El Capitan. Visitors can hike, bike, or drive through the park to take in the breathtaking scenery.
In addition to Yosemite, Groveland has several other outdoor activities to offer. Visitors can go fishing, boating, or swimming in the nearby lakes and rivers, or go hiking or mountain biking on the many trails in the area. The town also has several golf courses, including the Pine Mountain Lake Golf Course, which offers stunning views of the Sierra Nevada Mountains.
When it comes to food, Groveland has a variety of options to suit every taste. The town has several restaurants, cafes, and bars, serving everything from classic American fare to international cuisine. Some of the most popular restaurants in Groveland include the Iron Door Saloon, which is the oldest continuously operating saloon in California, and the Groveland Hotel Restaurant, which serves upscale American cuisine.
For those interested in history, Groveland has several museums and historic sites to explore. The Groveland Yosemite Gateway Museum showcases the history of the town and the surrounding area, while the Tuolumne County Museum and History Center in nearby Sonora offers a more comprehensive look at the history of the region.
Overall, Groveland is a great destination for anyone looking to explore the natural beauty and rich history of California’s Sierra Nevada Mountains. With its proximity to Yosemite National Park, outdoor activities, and diverse dining options, there is something for everyone in this charming town.