Finding the best hard money lenders in Maitland 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 Maitland 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. Maitland private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Maitland 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 Maitland
What Do Maitland Hard Money Lenders Charge?
Hard money loan rates in Maitland range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Maitland also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Maitland Require Appraisals?
With most hard money lenders in Maitland, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Maitland?
Hard money loans in Maitland 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 Maitland Florida
Maitland is a charming city located in central Florida, just a short drive from Orlando. It is a great destination for those looking for a relaxing getaway with plenty of things to see and do. Here is a detailed review of Maitland, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Maitland Art Center: This historic art center is a must-visit for art lovers. It features beautiful architecture and stunning gardens, as well as a variety of art exhibits and classes.
2. Take a stroll through Lake Lily Park: This beautiful park is perfect for a leisurely walk or a picnic. It features a lake, walking trails, and plenty of green space.
3. Explore the Audubon Center for Birds of Prey: This center is dedicated to the conservation of birds of prey and offers visitors the chance to see these magnificent birds up close.
4. Go shopping at the Maitland Farmers Market: This weekly market features fresh produce, handmade crafts, and delicious food.
5. Take a boat tour of the Winter Park Chain of Lakes: This scenic tour takes you through a series of beautiful lakes and canals, offering stunning views of the surrounding area.
Places to See:
1. The Waterhouse Residence Museum: This historic home is a beautiful example of Victorian architecture and offers visitors a glimpse into the past.
2. The Enzian Theater: This unique theater features independent and foreign films, as well as a full-service restaurant and bar.
3. The Maitland Historical Museum: This museum showcases the history of Maitland and features exhibits on the city’s founding, growth, and development.
4. The Charles Hosmer Morse Museum of American Art: This museum features a stunning collection of American art, including works by Louis Comfort Tiffany.
5. The Cornell Fine Arts Museum: This museum is located on the campus of Rollins College and features a collection of over 5,000 works of art from around the world.
Food to Eat:
1. The Ravenous Pig: This award-winning restaurant features modern American cuisine and a great selection of craft beers.
2. Antonio’s Maitland: This Italian restaurant offers delicious pasta dishes, pizzas, and seafood.
3. The Enzian Theater: The theater’s restaurant, Eden Bar, offers a great selection of cocktails and small plates.
4. The Wine Room on Park Avenue: This wine bar offers a great selection of wines from around the world, as well as small plates and desserts.
5. The Bistro on Park Avenue: This French-inspired restaurant offers delicious dishes like escargot, coq au vin, and crème brûlée.
Overall, Maitland is a great destination for those looking for a relaxing getaway with plenty of things to see and do. Whether you’re interested in art, history, or just want to enjoy some great food and drinks, Maitland has something for everyone.