Finding the best hard money lenders in Marion Oaks 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 Marion Oaks 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. Marion Oaks private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Marion Oaks 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 Marion Oaks
What Do Marion Oaks Hard Money Lenders Charge?
Hard money loan rates in Marion Oaks range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Marion Oaks also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Marion Oaks Require Appraisals?
With most hard money lenders in Marion Oaks, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Marion Oaks?
Hard money loans in Marion Oaks 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 Marion Oaks Florida
Marion Oaks is a beautiful community located in the heart of Florida. It is a great place to visit for those who love nature, outdoor activities, and a peaceful environment. Here is a detailed review of Marion Oaks, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Hiking: Marion Oaks is home to several hiking trails that offer breathtaking views of the surrounding nature. The Cross Florida Greenway Trail is a popular hiking spot that stretches for over 100 miles and offers a variety of terrains.
2. Golfing: Marion Oaks is also known for its golf courses. The Marion Oaks Golf and Country Club is a popular spot for golf enthusiasts, offering a challenging course and beautiful scenery.
3. Fishing: Marion Oaks is home to several lakes and ponds that are perfect for fishing. The Lake Weir is a popular spot for fishing, offering a variety of fish species.
4. Horseback Riding: Marion Oaks is also known for its horseback riding trails. The Ocala National Forest is a popular spot for horseback riding, offering miles of trails and beautiful scenery.
Places to See:
1. Silver Springs State Park: Silver Springs State Park is a popular tourist attraction in Marion Oaks. It is home to several natural springs, offering crystal clear water and a variety of aquatic life.
2. Ocala National Forest: The Ocala National Forest is a beautiful natural area that offers miles of hiking and horseback riding trails, as well as several lakes and ponds for fishing.
3. Rainbow Springs State Park: Rainbow Springs State Park is another popular tourist attraction in Marion Oaks. It is home to several natural springs, offering crystal clear water and a variety of aquatic life.
4. Gypsy Gold Horse Farm: The Gypsy Gold Horse Farm is a unique attraction in Marion Oaks, offering visitors the opportunity to see and learn about the rare Gypsy Vanner horses.
Food to Eat:
1. Mojo Grill and Catering: Mojo Grill and Catering is a popular restaurant in Marion Oaks, offering a variety of delicious dishes, including burgers, sandwiches, and seafood.
2. La Hacienda Mexican Restaurant: La Hacienda Mexican Restaurant is a popular spot for Mexican food in Marion Oaks. They offer a variety of dishes, including tacos, burritos, and fajitas.
3. China Lee Buffet: China Lee Buffet is a popular spot for Chinese food in Marion Oaks. They offer a variety of dishes, including stir-fry, noodles, and rice dishes.
4. Brooklyn’s Backyard: Brooklyn’s Backyard is a popular restaurant in Marion Oaks, offering a variety of dishes, including burgers, sandwiches, and salads. They also have a great selection of craft beers and cocktails.
Overall, Marion Oaks is a great place to visit for those who love nature, outdoor activities, and a peaceful environment. With its beautiful hiking trails, golf courses, and natural attractions, there is something for everyone in Marion Oaks. Additionally, the variety of restaurants and food options make it a great place to visit for foodies as well.