Finding the best hard money lenders in Naples 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 Naples 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. Naples private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Naples 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 Naples
What Do Naples Hard Money Lenders Charge?
Hard money loan rates in Naples range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Naples also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Naples Require Appraisals?
With most hard money lenders in Naples, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Naples?
Hard money loans in Naples 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 Naples Florida
Naples, Florida is a beautiful coastal city located in the southwestern part of the state. It is known for its stunning beaches, upscale shopping, and world-class golf courses. Here is a detailed review of Naples, Florida, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Beaches: Naples is home to some of the most beautiful beaches in the world. The most popular beaches include Vanderbilt Beach, Clam Pass Beach Park, and Delnor-Wiggins Pass State Park.
2. Explore the Naples Pier: The Naples Pier is a popular landmark that stretches out into the Gulf of Mexico. It is a great place to watch the sunset, go fishing, or take a stroll.
3. Visit the Naples Botanical Garden: The Naples Botanical Garden is a 170-acre garden that features a variety of plants and flowers from around the world. It is a great place to relax and enjoy nature.
4. Play Golf: Naples is home to over 80 golf courses, including some of the best in the world. The most popular courses include Tiburon Golf Club, The Ritz-Carlton Golf Resort, and Naples Grande Golf Club.
5. Shop at Fifth Avenue South: Fifth Avenue South is a popular shopping district in Naples that features a variety of upscale shops, restaurants, and galleries.
Places to See:
1. The Naples Zoo: The Naples Zoo is a popular attraction that features a variety of animals from around the world. It is a great place to take the family for a day of fun and education.
2. The Naples Museum of Art: The Naples Museum of Art is a world-class museum that features a variety of art from around the world. It is a great place to learn about different cultures and art styles.
3. The Naples Pier: The Naples Pier is a popular landmark that stretches out into the Gulf of Mexico. It is a great place to watch the sunset, go fishing, or take a stroll.
4. The Naples Botanical Garden: The Naples Botanical Garden is a 170-acre garden that features a variety of plants and flowers from around the world. It is a great place to relax and enjoy nature.
5. The Naples Pier: The Naples Pier is a popular landmark that stretches out into the Gulf of Mexico. It is a great place to watch the sunset, go fishing, or take a stroll.
Food to Eat:
1. Seafood: Naples is known for its fresh seafood, including grouper, snapper, and shrimp. Some of the best seafood restaurants in Naples include The Dock at Crayton Cove, The Turtle Club, and The Claw Bar.
2. Italian: Naples has a strong Italian influence, and there are many great Italian restaurants in the city. Some of the best include Barbatella, Osteria Tulia, and Campiello.
3. Steak: Naples is also known for its high-quality steakhouses. Some of the best include The Capital Grille, Shula’s Steak House, and The Continental.
4. Mexican: If you’re in the mood for Mexican food, Naples has some great options. Some of the best include Taqueria San Julian, Iguana Mia, and La Bamba.
5. Pizza: Naples is home to some of the best pizza in the world. Some of the best pizza places include The Crust, Rosedale Brick Oven, and The Real Macaw.
Overall, Naples, Florida is a beautiful city with a lot to offer. Whether you’re looking for a relaxing day at the beach, a round of golf, or a night out on the town, Naples has something for everyone.