Finding the best hard money lenders in Ives Estates 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 Ives Estates 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. Ives Estates private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Ives Estates 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 Ives Estates
What Do Ives Estates Hard Money Lenders Charge?
Hard money loan rates in Ives Estates range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Ives Estates also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Ives Estates Require Appraisals?
With most hard money lenders in Ives Estates, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Ives Estates?
Hard money loans in Ives Estates 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 Ives Estates Florida
Ives Estates is a charming neighborhood located in the heart of Miami-Dade County, Florida. It is a diverse community that offers a wide range of activities and attractions for visitors and residents alike. From its beautiful parks and beaches to its delicious food and vibrant nightlife, Ives Estates has something for everyone.
One of the best things to do in Ives Estates is to visit the Oleta River State Park. This park is a nature lover’s paradise, with over 1,000 acres of preserved land, including mangrove forests, saltwater marshes, and tidal creeks. Visitors can enjoy hiking, biking, kayaking, and fishing, as well as picnicking and camping.
Another great place to visit in Ives Estates is the Aventura Mall. This upscale shopping center features over 300 stores, including high-end fashion brands, luxury boutiques, and gourmet restaurants. It also has a movie theater, an art museum, and a children’s play area, making it a great destination for families.
For those who love the beach, Ives Estates is just a short drive away from some of the best beaches in Florida. Miami Beach, South Beach, and Hollywood Beach are all within easy reach, offering miles of white sand, crystal-clear water, and plenty of water sports and activities.
When it comes to food, Ives Estates has a diverse culinary scene that reflects its multicultural population. Some of the best places to eat in the area include the Latin American Cafe, which serves delicious Cuban sandwiches and coffee, and the Yardbird Southern Table & Bar, which offers classic Southern comfort food with a modern twist.
For nightlife, Ives Estates has plenty of options, from trendy bars and nightclubs to live music venues and comedy clubs. The Hard Rock Stadium, home of the Miami Dolphins and the Miami Hurricanes, is also located nearby, offering sports fans the chance to catch a game or concert.
Overall, Ives Estates is a wonderful place to visit or live, with plenty of things to see and do. Whether you’re looking for outdoor adventures, shopping and dining, or a vibrant nightlife, this neighborhood has it all.