Finding the best hard money lenders in Oakland Park 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 Oakland Park 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. Oakland Park private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Oakland Park 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 Oakland Park
What Do Oakland Park Hard Money Lenders Charge?
Hard money loan rates in Oakland Park range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Oakland Park also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Oakland Park Require Appraisals?
With most hard money lenders in Oakland Park, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Oakland Park?
Hard money loans in Oakland Park 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 Oakland Park Florida
Oakland Park is a charming city located in Broward County, Florida. It is a great place to visit for those who are looking for a laid-back atmosphere and a variety of activities to enjoy. Here is a detailed review of Oakland Park, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Funky Buddha Brewery: This brewery is a must-visit for beer lovers. They offer a wide range of craft beers, including their famous Floridian Hefeweizen and Maple Bacon Coffee Porter. They also have a taproom where you can enjoy a pint or two while playing board games or listening to live music.
2. Explore the Wilton Manors Arts and Entertainment District: This district is home to a variety of art galleries, theaters, and restaurants. It is a great place to spend an afternoon or evening, especially if you are interested in the arts.
3. Go kayaking or paddleboarding on the Middle River: The Middle River is a beautiful waterway that runs through Oakland Park. You can rent kayaks or paddleboards and explore the river on your own or take a guided tour.
4. Visit the Oakland Park Farmers Market: This market is open every Saturday and offers a variety of fresh produce, baked goods, and artisanal products. It is a great place to stock up on groceries or grab a bite to eat.
Places to See:
1. Jaco Pastorius Park: This park is named after the famous jazz bassist who grew up in Oakland Park. It features a lake, walking trails, and a playground. It is a great place to relax and enjoy the outdoors.
2. Easterlin Park: This park is a nature lover’s paradise. It features hiking trails, fishing ponds, and picnic areas. It is a great place to spend a day with family or friends.
3. The Bonnet House Museum and Gardens: This historic home and gardens are a must-see for anyone interested in architecture and horticulture. The house was built in the 1920s and features a unique blend of art and architecture. The gardens are home to a variety of exotic plants and animals.
Food to Eat:
1. Tatts and Tacos: This restaurant offers a unique blend of Mexican and American cuisine. They are known for their delicious tacos and craft cocktails.
2. Thai Spice: This restaurant offers authentic Thai cuisine in a cozy atmosphere. They are known for their Pad Thai and Tom Yum soup.
3. The Garlic Knot: This pizzeria offers delicious New York-style pizza and Italian dishes. They are known for their garlic knots and calzones.
Overall, Oakland Park is a great place to visit for those who are looking for a laid-back atmosphere and a variety of activities to enjoy. Whether you are interested in the arts, nature, or food, there is something for everyone in Oakland Park.