Finding the best hard money lenders in Miami Lakes 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 Miami Lakes 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. Miami Lakes private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Miami Lakes 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 Miami Lakes
What Do Miami Lakes Hard Money Lenders Charge?
Hard money loan rates in Miami Lakes range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Miami Lakes also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Miami Lakes Require Appraisals?
With most hard money lenders in Miami Lakes, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Miami Lakes?
Hard money loans in Miami Lakes 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 Miami Lakes Florida
Miami Lakes is a beautiful suburban town located in Miami-Dade County, Florida. It is a perfect destination for those who want to experience the best of both worlds – the tranquility of a small town and the excitement of a big city. Miami Lakes is known for its lush greenery, beautiful lakes, and a wide range of recreational activities. Here is a detailed review of Miami Lakes, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Miami Lakes Park: Miami Lakes Park is a beautiful park that offers a wide range of recreational activities. It has a playground, picnic areas, and a walking trail. The park is perfect for families with kids.
2. Go Fishing: Miami Lakes is home to several lakes that are perfect for fishing. You can catch a variety of fish, including bass, catfish, and tilapia.
3. Play Golf: Miami Lakes is home to several golf courses, including the Shula’s Golf Club. The golf courses are well-maintained and offer a challenging game for golf enthusiasts.
4. Visit the Main Street: The Main Street in Miami Lakes is a vibrant area that offers a wide range of shopping and dining options. You can find everything from boutique shops to chain stores.
5. Attend Events: Miami Lakes hosts several events throughout the year, including the Miami Lakes Food and Wine Festival, the Fourth of July Celebration, and the Miami Lakes Farmers Market.
Places to See:
1. Miami Lakes Town Hall: The Miami Lakes Town Hall is a beautiful building that houses the town’s government offices. It is a great place to learn about the town’s history and culture.
2. Don Shula’s Hotel and Golf Club: Don Shula’s Hotel and Golf Club is a luxurious resort that offers a wide range of amenities, including a spa, fitness center, and pool. It is a great place to relax and unwind.
3. Miami Lakes Congregation United Church of Christ: The Miami Lakes Congregation United Church of Christ is a beautiful church that offers a peaceful and serene environment for worship.
4. Miami Lakes Optimist Park: Miami Lakes Optimist Park is a beautiful park that offers a wide range of recreational activities, including baseball, soccer, and basketball.
5. Miami Lakes Educational Center: The Miami Lakes Educational Center is a state-of-the-art school that offers a wide range of educational programs. It is a great place to learn about the latest technology and educational trends.
Food to Eat:
1. Shula’s Steak House: Shula’s Steak House is a world-renowned restaurant that offers some of the best steaks in Miami Lakes. The restaurant also offers a wide range of seafood and vegetarian options.
2. Anthony’s Coal Fired Pizza: Anthony’s Coal Fired Pizza is a popular pizza restaurant that offers delicious coal-fired pizzas. The restaurant also offers a wide range of salads and sandwiches.
3. The Cheese Course: The Cheese Course is a gourmet cheese shop that offers a wide range of cheeses from around the world. The shop also offers a wide range of sandwiches and salads.
4. The Original Pancake House: The Original Pancake House is a popular breakfast restaurant that offers a wide range of pancakes, waffles, and omelets. The restaurant also offers a wide range of lunch options.
5. The Latin House: The Latin House is a popular restaurant that offers a wide range of Latin American dishes. The restaurant also offers a wide range of cocktails and drinks.
In conclusion, Miami Lakes is a beautiful town that offers a wide range of recreational activities, places to see, and food to eat. It is a perfect destination for families, couples, and solo travelers who want to experience the best of both worlds. Whether you want to relax and unwind or explore the town’s culture and history, Miami Lakes has something for everyone.