Finding the best hard money lenders in Leesburg 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 Leesburg 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. Leesburg private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Leesburg 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 Leesburg
What Do Leesburg Hard Money Lenders Charge?
Hard money loan rates in Leesburg range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Leesburg also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Leesburg Require Appraisals?
With most hard money lenders in Leesburg, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Leesburg?
Hard money loans in Leesburg 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 Leesburg Florida
Leesburg is a charming town located in Loudoun County, Virginia. It is a perfect destination for those who want to experience the beauty of the countryside while still being close to the city. The town is known for its historic sites, wineries, and outdoor activities. Here is a detailed review of Leesburg, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Historic Downtown: Leesburg’s historic downtown is a must-visit destination. It is home to many shops, restaurants, and historic buildings. You can take a stroll down the streets and admire the architecture of the buildings.
2. Go Wine Tasting: Leesburg is known for its wineries. There are many wineries in the area that offer wine tastings and tours. Some of the popular wineries include Stone Tower Winery, 868 Estate Vineyards, and Breaux Vineyards.
3. Explore the Parks: Leesburg has many parks that offer outdoor activities such as hiking, biking, and picnicking. Some of the popular parks include Ida Lee Park, Morven Park, and Red Rock Wilderness Overlook Regional Park.
4. Visit the Museums: Leesburg has several museums that showcase the town’s history and culture. Some of the popular museums include the Loudoun Museum, the Thomas Balch Library, and the National Sporting Library & Museum.
5. Attend Festivals: Leesburg hosts several festivals throughout the year, including the Leesburg Flower and Garden Festival, the Leesburg Airshow, and the Leesburg Classic Car Show.
Places to See:
1. Oatlands Historic House and Gardens: Oatlands is a historic mansion that dates back to the early 19th century. It is surrounded by beautiful gardens and offers guided tours.
2. Ball’s Bluff Battlefield and National Cemetery: Ball’s Bluff is a historic site that played a significant role in the Civil War. It is now a national cemetery and a popular destination for history buffs.
3. Morven Park: Morven Park is a historic estate that offers tours of the mansion and gardens. It also has a museum and hosts several events throughout the year.
4. Red Rock Wilderness Overlook Regional Park: Red Rock is a beautiful park that offers stunning views of the Potomac River. It is a popular destination for hiking and picnicking.
5. Leesburg Animal Park: Leesburg Animal Park is a fun destination for families. It has a petting zoo, pony rides, and a safari bus tour.
Food to Eat:
1. Tuscarora Mill: Tuscarora Mill is a popular restaurant that serves American cuisine. It is located in a historic mill and offers a cozy atmosphere.
2. Lightfoot Restaurant: Lightfoot is a fine dining restaurant that serves American cuisine. It is located in a historic building and offers a romantic atmosphere.
3. The Wine Kitchen: The Wine Kitchen is a wine bar that serves small plates and charcuterie boards. It has a cozy atmosphere and a great selection of wines.
4. Leesburg Public House: Leesburg Public House is a casual restaurant that serves American cuisine. It has a great selection of craft beers and a lively atmosphere.
5. Fire Works Pizza: Fire Works Pizza is a popular pizza restaurant that serves wood-fired pizzas. It has a casual atmosphere and a great selection of beers.
Overall, Leesburg is a great destination for those who want to experience the beauty of the countryside while still being close to the city. It offers a variety of activities, from wine tasting to hiking, and has a great selection of restaurants and historic sites. Whether you are a history buff or a foodie, Leesburg has something for everyone.