Finding the best hard money lenders in Northdale 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 Northdale 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. Northdale private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Northdale 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 Northdale
What Do Northdale Hard Money Lenders Charge?
Hard money loan rates in Northdale range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Northdale also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Northdale Require Appraisals?
With most hard money lenders in Northdale, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Northdale?
Hard money loans in Northdale 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 Northdale Florida
Northdale is a charming neighborhood located in the northern part of Tampa, Florida. It is a family-friendly community that offers a wide range of activities and attractions for visitors of all ages. Here are some of the best things to do, places to see, and food to eat in Northdale:
Things to Do:
1. Golfing: Northdale Golf & Tennis Club is a popular destination for golf enthusiasts. The 18-hole championship course is challenging yet enjoyable, and the club also offers tennis courts and a swimming pool.
2. Hiking: The Upper Tampa Bay Trail is a scenic trail that runs through Northdale. It is perfect for hiking, biking, and jogging, and offers beautiful views of the surrounding nature.
3. Shopping: Northdale is home to several shopping centers, including Northdale Promenade and Northdale Village. These centers offer a variety of stores, restaurants, and entertainment options.
4. Water Sports: Lake Park is a popular destination for water sports enthusiasts. Visitors can enjoy fishing, boating, and kayaking on the lake.
Places to See:
1. Lake Park: Lake Park is a beautiful park that offers a variety of outdoor activities. It has a playground, picnic areas, and a fishing pier.
2. Lettuce Lake Park: Lettuce Lake Park is a nature preserve that offers hiking trails, boardwalks, and a wildlife observation tower. Visitors can see a variety of birds, turtles, and alligators.
3. Busch Gardens: Busch Gardens is a theme park that offers thrilling rides, animal exhibits, and live shows. It is located just a short drive from Northdale.
Food to Eat:
1. The Great Spiedini: The Great Spiedini is a popular Italian restaurant that offers delicious pasta dishes, seafood, and steaks.
2. Thai Thani: Thai Thani is a Thai restaurant that offers authentic dishes such as Pad Thai, Tom Yum Soup, and Green Curry.
3. The Brunchery: The Brunchery is a breakfast and brunch restaurant that offers a variety of dishes such as omelets, pancakes, and French toast.
Overall, Northdale is a great destination for visitors who are looking for a relaxing and enjoyable vacation. With its beautiful parks, outdoor activities, and delicious restaurants, there is something for everyone in this charming neighborhood.