Finding the best hard money lenders in North Fort Myers 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 North Fort Myers 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. North Fort Myers private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in North Fort Myers 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 North Fort Myers
What Do North Fort Myers Hard Money Lenders Charge?
Hard money loan rates in North Fort Myers range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in North Fort Myers also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In North Fort Myers Require Appraisals?
With most hard money lenders in North Fort Myers, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In North Fort Myers?
Hard money loans in North Fort Myers 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 North Fort Myers Florida
North Fort Myers is a beautiful and vibrant city located in Lee County, Florida. It is a great place to visit for those who love the outdoors, as it is home to many parks, nature reserves, and waterways. Here is a detailed review of North Fort Myers, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Caloosahatchee Regional Park: This park is a great place to go hiking, biking, or horseback riding. It has over 700 acres of land and is home to many different species of wildlife.
2. Explore the Four Mile Cove Ecological Preserve: This preserve is a great place to go kayaking or canoeing. It is home to many different species of birds, fish, and other wildlife.
3. Go fishing: North Fort Myers is home to many different waterways, including the Caloosahatchee River, which is a great place to go fishing.
4. Visit the Shell Factory and Nature Park: This park is a great place to go with the family. It has a petting zoo, a butterfly house, and a mini-golf course.
5. Go to the North Fort Myers Community Pool: This pool is a great place to go swimming, especially during the hot summer months.
Places to See:
1. The Edison and Ford Winter Estates: This historic site is a must-see for anyone visiting North Fort Myers. It is the former winter homes of Thomas Edison and Henry Ford.
2. The North Fort Myers History Museum: This museum is a great place to learn about the history of North Fort Myers and the surrounding area.
3. The Cape Coral Farmers Market: This market is a great place to go to buy fresh produce, baked goods, and other local products.
4. The Southwest Florida Military Museum and Library: This museum is a great place to learn about the history of the military in Southwest Florida.
5. The North Fort Myers Recreation Center: This center is a great place to go to play sports, take fitness classes, or attend community events.
Food to Eat:
1. The Lobster Lady Seafood Market and Bistro: This restaurant is a great place to go for fresh seafood. They have a wide variety of dishes, including lobster, shrimp, and crab.
2. The Firehouse Sports Grill: This restaurant is a great place to go to watch sports and enjoy some pub food. They have a wide variety of burgers, wings, and other bar snacks.
3. The Thai Nawa Cuisine: This restaurant is a great place to go for authentic Thai food. They have a wide variety of dishes, including curries, stir-fries, and noodle dishes.
4. The Mel’s Diner: This restaurant is a great place to go for classic American diner food. They have a wide variety of breakfast dishes, burgers, and sandwiches.
5. The Tacos El Tequila: This restaurant is a great place to go for authentic Mexican food. They have a wide variety of tacos, burritos, and other Mexican dishes.
Overall, North Fort Myers is a great place to visit for those who love the outdoors, history, and good food. There are many different things to do and see, and the city has a friendly and welcoming atmosphere.