Finding the best hard money lenders in Kendall 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 Kendall 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. Kendall private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Kendall 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 Kendall
What Do Kendall Hard Money Lenders Charge?
Hard money loan rates in Kendall range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Kendall also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Kendall Require Appraisals?
With most hard money lenders in Kendall, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Kendall?
Hard money loans in Kendall 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 Kendall Florida
Kendall is a suburban community located in Miami-Dade County, Florida. It is a vibrant and diverse area that offers a wide range of activities and attractions for visitors and residents alike.
One of the best things to do in Kendall is to visit the Miami Metrozoo, which is home to over 2,000 animals from around the world. The zoo is spread over 740 acres and features exhibits such as the Amazon and Beyond, African Plains, and the Asia exhibit.
Another popular attraction in Kendall is the Miami Seaquarium, which is a marine park that features shows and exhibits with dolphins, sea lions, and other marine animals. Visitors can also swim with dolphins and sea lions, and even get up close and personal with sharks.
For those who enjoy the outdoors, the Everglades National Park is just a short drive away from Kendall. The park is home to a diverse range of wildlife, including alligators, panthers, and manatees. Visitors can explore the park by hiking, biking, or taking a guided tour.
When it comes to food, Kendall has a wide range of options to choose from. The area is known for its Latin American cuisine, with many restaurants serving dishes such as empanadas, arepas, and ceviche. There are also plenty of options for seafood lovers, with many restaurants serving fresh seafood caught locally.
Overall, Kendall is a great place to visit or live in. With its diverse range of attractions, outdoor activities, and delicious food, there is something for everyone to enjoy.