Finding the best hard money lenders in Lakeland 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 Lakeland 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. Lakeland private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Lakeland 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 Lakeland
What Do Lakeland Hard Money Lenders Charge?
Hard money loan rates in Lakeland range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Lakeland also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Lakeland Require Appraisals?
With most hard money lenders in Lakeland, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Lakeland?
Hard money loans in Lakeland 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 Lakeland Florida
Lakeland is a beautiful city located in central Florida, known for its natural beauty, historic landmarks, and vibrant culture. Here are some of the best things to do, places to see, and food to eat in Lakeland:
Things to Do:
1. Visit the Polk Museum of Art: This museum is home to a vast collection of contemporary and modern art, including works by famous artists like Salvador Dali and Pablo Picasso.
2. Explore the Circle B Bar Reserve: This nature reserve is a great place to hike, bike, or birdwatch. It’s home to a variety of wildlife, including alligators, otters, and bald eagles.
3. Take a tour of the Frank Lloyd Wright-designed Florida Southern College: This college campus is home to the largest collection of Frank Lloyd Wright-designed buildings in the world.
4. Go shopping at the Lakeland Downtown Farmers Curb Market: This market is open every Saturday and features local produce, handmade crafts, and delicious food.
5. Attend a performance at the Lakeland Center: This venue hosts a variety of concerts, plays, and other live events throughout the year.
Places to See:
1. Hollis Garden: This beautiful botanical garden is located in the heart of downtown Lakeland and features a variety of plants, flowers, and fountains.
2. Lake Mirror: This scenic lake is surrounded by a beautiful park and is a great place to relax and enjoy the outdoors.
3. The Polk Theatre: This historic theatre was built in 1928 and is still in operation today. It’s a great place to catch a movie or a live performance.
4. The Florida Air Museum: This museum is dedicated to the history of aviation in Florida and features a variety of aircraft and exhibits.
5. The Lakeland Public Library: This beautiful library is home to a vast collection of books, as well as a variety of events and programs for all ages.
Food to Eat:
1. Harry’s Seafood Bar & Grille: This restaurant serves up delicious seafood dishes, as well as Cajun and Creole-inspired cuisine.
2. The Poor Porker: This food truck serves up delicious beignets and other Southern-inspired treats.
3. The Chop Shop: This restaurant specializes in burgers, sandwiches, and other comfort food favorites.
4. Palace Pizza: This local pizza joint serves up delicious pies with a variety of toppings.
5. Black & Brew Coffee House and Bistro: This coffee shop and bistro serves up delicious coffee, as well as a variety of breakfast and lunch dishes.
Overall, Lakeland is a beautiful city with a lot to offer. Whether you’re interested in nature, history, or culture, there’s something for everyone in Lakeland.