Finding the best hard money lenders in Immokalee 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 Immokalee 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. Immokalee private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Immokalee 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 Immokalee
What Do Immokalee Hard Money Lenders Charge?
Hard money loan rates in Immokalee range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Immokalee also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Immokalee Require Appraisals?
With most hard money lenders in Immokalee, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Immokalee?
Hard money loans in Immokalee 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 Immokalee Florida
Immokalee is a small town located in Collier County, Florida. Despite its size, it is a vibrant and culturally rich community that offers a variety of activities and attractions for visitors to enjoy. Here are some of the best things to do, places to see, and food to eat in Immokalee.
Things to Do:
1. Visit the Immokalee Pioneer Museum at Roberts Ranch: This museum offers a glimpse into the history of Immokalee and the surrounding area. Visitors can explore the historic buildings and learn about the early settlers who lived in the area.
2. Play a round of golf at the Immokalee Golf Club: This 18-hole golf course is a great place to spend a day on the links. The course is well-maintained and offers a challenging but enjoyable round of golf.
3. Attend the annual Immokalee Bluegrass Festival: This festival is held every year in March and features some of the best bluegrass musicians from around the country. It is a fun and lively event that is not to be missed.
4. Explore the Corkscrew Swamp Sanctuary: This nature preserve is home to a variety of wildlife, including alligators, otters, and birds. Visitors can take a guided tour or explore the trails on their own.
Places to See:
1. Lake Trafford: This beautiful lake is a popular spot for fishing and boating. Visitors can rent a boat or bring their own and spend a relaxing day on the water.
2. Seminole Casino Hotel: This casino offers a variety of gaming options, including slot machines, table games, and poker. It also has several restaurants and a hotel for those who want to stay overnight.
3. Ave Maria Town Center: This shopping center is home to a variety of stores and restaurants. It is a great place to spend an afternoon shopping and dining.
4. Big Cypress National Preserve: This preserve is located just outside of Immokalee and offers a variety of outdoor activities, including hiking, camping, and wildlife viewing.
Food to Eat:
1. Taqueria San Julian: This Mexican restaurant is a local favorite. It offers a variety of authentic Mexican dishes, including tacos, burritos, and enchiladas.
2. Lozano’s Mexican Restaurant: Another great Mexican restaurant, Lozano’s offers a variety of dishes, including fajitas, chimichangas, and tamales.
3. 5th Avenue Coffee Company: This coffee shop is a great place to grab a cup of coffee and a pastry. It also offers a variety of sandwiches and salads for lunch.
4. Immokalee Farmers Market: This farmers market is held every Saturday and offers a variety of fresh produce, baked goods, and other local products.
Overall, Immokalee is a great place to visit for those who want to experience the natural beauty and cultural richness of Florida. With its variety of activities, attractions, and dining options, there is something for everyone in this small but vibrant town.