Finding the best hard money lenders in New Smyrna Beach 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 New Smyrna Beach 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. New Smyrna Beach private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in New Smyrna Beach 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 New Smyrna Beach
What Do New Smyrna Beach Hard Money Lenders Charge?
Hard money loan rates in New Smyrna Beach range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in New Smyrna Beach also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In New Smyrna Beach Require Appraisals?
With most hard money lenders in New Smyrna Beach, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In New Smyrna Beach?
Hard money loans in New Smyrna Beach 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 New Smyrna Beach Florida
New Smyrna Beach is a charming coastal town located in Volusia County, Florida. It is a popular destination for tourists and locals alike, offering a wide range of activities and attractions. Here is a detailed review of New Smyrna Beach, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Beaches: New Smyrna Beach is known for its beautiful beaches, which stretch for miles along the Atlantic Ocean. The beaches are perfect for swimming, sunbathing, surfing, and fishing.
2. Paddleboarding and Kayaking: The Indian River Lagoon is a great place to go paddleboarding or kayaking. The calm waters are perfect for beginners, and there are plenty of rental shops in the area.
3. Fishing: New Smyrna Beach is a popular destination for fishing enthusiasts. The area is home to a variety of fish, including redfish, snook, and tarpon.
4. Golfing: There are several golf courses in the area, including the New Smyrna Beach Golf Course and the Venetian Bay Golf Club.
5. Shopping: The downtown area of New Smyrna Beach is home to a variety of shops and boutiques. Visitors can find everything from clothing and jewelry to art and antiques.
Places to See:
1. Canaveral National Seashore: This beautiful national park is located just south of New Smyrna Beach. It is home to miles of pristine beaches, as well as a variety of wildlife, including sea turtles and manatees.
2. Smyrna Dunes Park: This park is located on the northern tip of New Smyrna Beach. It offers stunning views of the ocean and the Ponce Inlet Lighthouse, as well as a boardwalk and hiking trails.
3. Ponce Inlet Lighthouse: This historic lighthouse is located just south of New Smyrna Beach. Visitors can climb to the top for panoramic views of the area.
4. Marine Discovery Center: This educational center is located on the Indian River Lagoon. Visitors can learn about the local wildlife and ecosystems, as well as take guided tours of the area.
5. Old Fort Park: This park is located on the site of an old Spanish fort. Visitors can explore the ruins and learn about the area’s history.
Food to Eat:
1. JB’s Fish Camp: This popular seafood restaurant is located on the Indian River Lagoon. It offers a variety of fresh seafood dishes, as well as stunning views of the water.
2. The Garlic: This Italian restaurant is known for its delicious pasta dishes and garlic bread. It also has a great selection of wines.
3. Yellow Dog Eats: This quirky restaurant is located in nearby Gotha. It offers a variety of sandwiches and salads, as well as a unique atmosphere.
4. Norwood’s Eatery and Treehouse Bar: This restaurant is located in nearby New Smyrna Beach. It offers a variety of dishes, as well as a treehouse bar with stunning views of the area.
5. Third Wave Cafe and Wine Bar: This cafe is located in downtown New Smyrna Beach. It offers a variety of coffee drinks and pastries, as well as a great selection of wines.
Overall, New Smyrna Beach is a great destination for anyone looking for a relaxing beach vacation. With its beautiful beaches, variety of activities, and great restaurants, there is something for everyone to enjoy.