Finding the best hard money lenders in Lynn Haven 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 Lynn Haven 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. Lynn Haven private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Lynn Haven 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 Lynn Haven
What Do Lynn Haven Hard Money Lenders Charge?
Hard money loan rates in Lynn Haven range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Lynn Haven also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Lynn Haven Require Appraisals?
With most hard money lenders in Lynn Haven, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Lynn Haven?
Hard money loans in Lynn Haven 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 Lynn Haven Florida
Lynn Haven is a charming city located in Bay County, Florida. It is a small town with a population of around 20,000 people. Lynn Haven is known for its beautiful parks, friendly people, and great food. Here is a detailed review of Lynn Haven, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit A.L. Kinsaul Park: This park is one of the most popular attractions in Lynn Haven. It has a playground, picnic areas, a fishing pier, and a boat ramp. It is a great place to spend a day with family and friends.
2. Go Shopping: Lynn Haven has several shopping centers, including the Lynn Haven Plaza and the Lynn Haven Shopping Center. These shopping centers have a variety of stores, including clothing stores, grocery stores, and more.
3. Play Golf: Lynn Haven has several golf courses, including the Panama Country Club and the Bay Point Golf Club. These golf courses offer beautiful views and challenging courses.
4. Visit the Panama City Beach: The Panama City Beach is just a short drive from Lynn Haven. It is a beautiful beach with white sand and clear water. It is a great place to relax and enjoy the sun.
Places to See:
1. The Bailey Bridge: The Bailey Bridge is a historic bridge that was built in 1942. It is a popular spot for tourists and locals alike. It offers beautiful views of the water and the surrounding area.
2. The Lynn Haven Heritage Park and Museum: This museum is dedicated to the history of Lynn Haven. It has exhibits on the city’s history, including its early settlers and its role in the Civil War.
3. The St. Andrew Bay: The St. Andrew Bay is a beautiful bay that is located near Lynn Haven. It is a popular spot for fishing, boating, and other water activities.
Food to Eat:
1. The Place Downtown: The Place Downtown is a popular restaurant in Lynn Haven. It offers a variety of dishes, including seafood, burgers, and salads. It is a great place to grab a bite to eat with friends and family.
2. The Bayou Joe’s: The Bayou Joe’s is a seafood restaurant that is located near the St. Andrew Bay. It offers a variety of seafood dishes, including shrimp, oysters, and crab legs. It is a great place to enjoy a meal with a beautiful view.
3. The Firefly: The Firefly is a fine dining restaurant that is located in Panama City Beach. It offers a variety of dishes, including steak, seafood, and pasta. It is a great place to enjoy a romantic dinner with your significant other.
Overall, Lynn Haven is a great place to visit. It offers a variety of activities, including shopping, golfing, and visiting museums. It also has great restaurants that offer a variety of dishes. If you are looking for a charming town with friendly people and beautiful scenery, then Lynn Haven is the place for you.