Finding the best hard money lenders in Largo 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 Largo 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. Largo private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Largo 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 Largo
What Do Largo Hard Money Lenders Charge?
Hard money loan rates in Largo range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Largo also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Largo Require Appraisals?
With most hard money lenders in Largo, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Largo?
Hard money loans in Largo 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 Largo Florida
Largo is a beautiful city located in Pinellas County, Florida. It is a perfect destination for those who are looking for a relaxing vacation with plenty of things to do and see. The city is known for its beautiful beaches, parks, and museums. Here is a detailed review of Largo, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Largo Central Park: This park is a perfect place to relax and enjoy the beautiful scenery. It has a playground, picnic areas, and a lake where you can go fishing.
2. Explore the Florida Botanical Gardens: This garden is a must-visit for nature lovers. It has over 20 acres of beautiful gardens, including a butterfly garden, a tropical fruit garden, and a rose garden.
3. Go to the Largo Cultural Center: This center hosts a variety of events, including concerts, plays, and art exhibits. It is a great place to experience the local culture.
4. Visit the Pinellas Trail: This trail is perfect for biking, walking, or jogging. It is a 38-mile trail that runs through Largo and other cities in Pinellas County.
5. Go to the Largo Mall: This mall has over 70 stores, including popular brands like Macy’s, JCPenney, and Dillard’s. It is a great place to shop and dine.
Places to See:
1. Indian Rocks Beach: This beach is located just a few miles from Largo and is known for its beautiful white sand and clear water. It is a perfect place to relax and enjoy the sun.
2. Clearwater Marine Aquarium: This aquarium is home to Winter, the famous dolphin from the movie “Dolphin Tale.” It is a great place to learn about marine life and conservation.
3. John’s Pass Village and Boardwalk: This boardwalk is located in Madeira Beach, just a few miles from Largo. It has over 100 shops, restaurants, and attractions, including a pirate ship and a dolphin watching tour.
4. Fort De Soto Park: This park is located in St. Petersburg, just a short drive from Largo. It has beautiful beaches, hiking trails, and a historic fort.
5. Salvador Dali Museum: This museum is located in downtown St. Petersburg and is home to the largest collection of Dali’s artwork outside of Europe. It is a must-visit for art lovers.
Food to Eat:
1. Crabby Bill’s Seafood: This restaurant is located in Indian Rocks Beach and is known for its fresh seafood and beautiful views of the Gulf of Mexico.
2. The Island Grille and Raw Bar: This restaurant is located in Tierra Verde and is known for its delicious seafood and waterfront dining.
3. The Frog Pond: This restaurant is located in St. Petersburg and is known for its delicious breakfast and brunch dishes.
4. The Columbia Restaurant: This restaurant is located in Ybor City and is known for its authentic Spanish cuisine and beautiful decor.
5. The Black Pearl: This restaurant is located in Dunedin and is known for its delicious seafood and beautiful views of the water.
Overall, Largo is a beautiful city with plenty of things to do and see. Whether you are looking for a relaxing vacation or an adventure-filled trip, Largo has something for everyone. From beautiful beaches to delicious restaurants, this city is a must-visit for anyone traveling to Florida.