Finding the best hard money lenders in Lakewood Ranch 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 Lakewood Ranch 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. Lakewood Ranch private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Lakewood Ranch 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 Lakewood Ranch
What Do Lakewood Ranch Hard Money Lenders Charge?
Hard money loan rates in Lakewood Ranch range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Lakewood Ranch also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Lakewood Ranch Require Appraisals?
With most hard money lenders in Lakewood Ranch, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Lakewood Ranch?
Hard money loans in Lakewood Ranch 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 Lakewood Ranch Florida
Lakewood Ranch is a beautiful master-planned community located in Sarasota and Manatee counties in Florida. It is a perfect place for families, retirees, and young professionals who are looking for a peaceful and comfortable lifestyle. The community is known for its excellent schools, world-class amenities, and beautiful natural surroundings.
One of the best things to do in Lakewood Ranch is to explore the community’s many parks and nature preserves. The community has over 150 miles of trails and sidewalks, making it easy to explore the area on foot or by bike. Some of the most popular parks in the area include Adventure Park, Greenbrook Adventure Park, and Bob Gardner Community Park. These parks offer a range of activities, including playgrounds, sports fields, and picnic areas.
Another great thing to do in Lakewood Ranch is to visit the local farmers’ market. The market is held every Wednesday from 3 pm to 7 pm and offers a wide variety of fresh produce, baked goods, and artisanal products. It is a great place to meet local farmers and artisans and to support the local economy.
For those who love to shop, Lakewood Ranch has plenty of options. The community is home to several shopping centers, including the Lakewood Ranch Main Street, which features a variety of shops, restaurants, and entertainment options. The mall at University Town Center is also nearby and offers a wide range of high-end stores and restaurants.
When it comes to food, Lakewood Ranch has something for everyone. The community is home to a variety of restaurants, ranging from casual eateries to fine dining establishments. Some of the most popular restaurants in the area include Station 400, Polo Grill and Bar, and Main Street Trattoria.
For those who love golf, Lakewood Ranch is a golfer’s paradise. The community is home to several world-class golf courses, including the Legacy Golf Club, the Country Club at Lakewood Ranch, and the Ritz-Carlton Golf Club. These courses offer challenging layouts and stunning views of the surrounding landscape.
Overall, Lakewood Ranch is a wonderful place to live or visit. With its beautiful natural surroundings, excellent schools, and world-class amenities, it is no wonder that so many people choose to call this community home. Whether you are looking for outdoor activities, shopping, dining, or golf, Lakewood Ranch has something for everyone.