Finding the best hard money lenders in Lealman 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 Lealman 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. Lealman private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Lealman 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 Lealman
What Do Lealman Hard Money Lenders Charge?
Hard money loan rates in Lealman range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Lealman also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Lealman Require Appraisals?
With most hard money lenders in Lealman, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Lealman?
Hard money loans in Lealman 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 Lealman Florida
Lealman is a small community located in Pinellas County, Florida. It is a great place to visit for those who are looking for a quiet and peaceful vacation. The community is known for its beautiful beaches, parks, and nature reserves. Here is a detailed review of Lealman, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Lealman Community Park: This park is a great place to spend a day with family and friends. It has a playground, picnic areas, and sports fields.
2. Go to the Beach: Lealman is located near some of the best beaches in Florida. Some of the popular beaches include St. Pete Beach, Clearwater Beach, and Madeira Beach.
3. Explore the Nature Reserves: Lealman is home to several nature reserves, including the Sawgrass Lake Park and the Weedon Island Preserve. These reserves offer hiking trails, bird watching, and kayaking.
4. Visit the Salvador Dali Museum: The Salvador Dali Museum is located in nearby St. Petersburg and is a must-visit for art lovers. It houses the largest collection of Dali’s works outside of Europe.
5. Go Shopping: Lealman is located near several shopping centers, including the Tyrone Square Mall and the Baywalk Shopping Center.
Places to See:
1. Fort De Soto Park: Fort De Soto Park is a beautiful park located on the southern tip of Pinellas County. It has a historic fort, beaches, and nature trails.
2. The Pier: The Pier is a popular attraction in nearby St. Petersburg. It offers great views of the city and has several restaurants and shops.
3. The Sunken Gardens: The Sunken Gardens is a beautiful botanical garden located in St. Petersburg. It has over 50,000 tropical plants and flowers.
4. The Florida Holocaust Museum: The Florida Holocaust Museum is located in St. Petersburg and is a must-visit for history buffs. It houses exhibits and artifacts related to the Holocaust.
5. The Chihuly Collection: The Chihuly Collection is located in St. Petersburg and houses the works of glass artist Dale Chihuly.
Food to Eat:
1. Seafood: Lealman is located near some of the best seafood restaurants in Florida. Some of the popular seafood restaurants include Crabby Bill’s, Guppy’s, and Salt Rock Grill.
2. Cuban Food: Lealman is also known for its Cuban food. Some of the popular Cuban restaurants include La Teresita, Columbia Restaurant, and Bodega.
3. Barbecue: Barbecue is also popular in Lealman. Some of the popular barbecue restaurants include Smokin’ J’s BBQ, Sonny’s BBQ, and Holy Hog BBQ.
4. Italian Food: Lealman is located near several Italian restaurants, including BellaBrava, Gratzzi Italian Grille, and Il Ritorno.
5. Mexican Food: Mexican food is also popular in Lealman. Some of the popular Mexican restaurants include Red Mesa Cantina, Casita Taqueria, and Tacoson Mexican Grill.
Overall, Lealman is a great place to visit for those who are looking for a quiet and peaceful vacation. It offers a variety of activities, attractions, and restaurants to suit all tastes and interests. Whether you are looking to relax on the beach, explore nature, or indulge in some delicious food, Lealman has something for everyone.