Finding the best hard money lenders in North Lauderdale 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 Lauderdale 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 Lauderdale private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in North Lauderdale 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 Lauderdale
What Do North Lauderdale Hard Money Lenders Charge?
Hard money loan rates in North Lauderdale range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in North Lauderdale also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In North Lauderdale Require Appraisals?
With most hard money lenders in North Lauderdale, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In North Lauderdale?
Hard money loans in North Lauderdale 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 Lauderdale Florida
North Lauderdale is a small city located in Broward County, Florida. It is a quiet and peaceful place that offers a variety of activities and attractions for visitors. Here are some of the best things to do, places to see, and food to eat in North Lauderdale:
1. Hampton Pines Park: This park is a great place to spend a day with family and friends. It has a playground, picnic areas, and a walking trail. The park also hosts events and festivals throughout the year.
2. North Lauderdale Aquatic Center: This is a popular spot for swimming and water activities. The center has a lap pool, a diving pool, and a water playground for kids.
3. Butterfly World: This attraction is located in nearby Coconut Creek and is a must-visit for nature lovers. It is home to thousands of butterflies and other exotic animals.
4. Sawgrass Mills Mall: This is one of the largest shopping malls in the country and is located just a short drive from North Lauderdale. It has over 350 stores, restaurants, and entertainment options.
5. La Bamba Mexican and Spanish Restaurant: This restaurant is a local favorite and serves delicious Mexican and Spanish cuisine. The portions are generous, and the prices are reasonable.
6. The Garlic Knot: This Italian restaurant is known for its delicious pizza and pasta dishes. The restaurant has a cozy atmosphere and friendly staff.
7. The Ale House: This sports bar and restaurant is a great place to watch a game and enjoy some food and drinks. The menu has a variety of options, including burgers, wings, and salads.
Overall, North Lauderdale is a great place to visit for a relaxing and enjoyable vacation. It has something for everyone, from outdoor activities to shopping and dining.