Finding the best hard money lenders in Lutz 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 Lutz 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. Lutz private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Lutz 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 Lutz
What Do Lutz Hard Money Lenders Charge?
Hard money loan rates in Lutz range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Lutz also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Lutz Require Appraisals?
With most hard money lenders in Lutz, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Lutz?
Hard money loans in Lutz 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 Lutz Florida
Lutz is a small town located in Hillsborough County, Florida, United States. It is a peaceful and charming place that offers a variety of activities and attractions for visitors. Here are some of the best things to do, places to see, and food to eat in Lutz:
1. Visit the Brooker Creek Preserve: This is a beautiful nature preserve that covers over 8,700 acres of land. It is home to a variety of wildlife, including deer, bobcats, and coyotes. Visitors can enjoy hiking, birdwatching, and fishing in the preserve.
2. Explore the Lake Park: This is a lovely park that features a lake, playgrounds, picnic areas, and walking trails. It is a great place to spend a relaxing afternoon with family and friends.
3. Go shopping at the Tampa Premium Outlets: This is a popular shopping destination that features over 110 stores, including designer brands like Michael Kors, Coach, and Calvin Klein.
4. Enjoy a meal at the Breakfast Nook: This is a cozy restaurant that serves delicious breakfast and lunch dishes. Their pancakes and omelets are particularly popular among locals and visitors alike.
5. Try the BBQ at Hungry Harry’s Family Bar-B-Que: This is a family-owned restaurant that serves some of the best BBQ in the area. Their pulled pork and ribs are a must-try for meat lovers.
6. Visit the Old Lutz Schoolhouse: This is a historic building that has been restored and turned into a museum. It showcases the history of Lutz and the surrounding area, including artifacts and photographs from the early 1900s.
7. Attend the Lutz Arts & Crafts Festival: This is an annual event that takes place in downtown Lutz. It features over 300 vendors selling handmade crafts, jewelry, and artwork. There are also food trucks, live music, and activities for kids.
Overall, Lutz is a charming town that offers a variety of activities and attractions for visitors. Whether you’re interested in nature, shopping, or history, there’s something for everyone in Lutz.