Finding the best hard money lenders in Ocoee 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 Ocoee 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. Ocoee private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Ocoee 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 Ocoee
What Do Ocoee Hard Money Lenders Charge?
Hard money loan rates in Ocoee range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Ocoee also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Ocoee Require Appraisals?
With most hard money lenders in Ocoee, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Ocoee?
Hard money loans in Ocoee 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 Ocoee Florida
Ocoee is a small city located in Orange County, Florida, United States. It is a beautiful place to visit, with plenty of things to do and see. Here are some of the best things to do in Ocoee:
1. Visit the Lake Apopka Wildlife Drive: This is a must-visit place for nature lovers. The drive is about 11 miles long and takes you through a beautiful landscape of wetlands, marshes, and forests. You can spot a variety of birds, alligators, turtles, and other wildlife.
2. Go kayaking or canoeing: Ocoee has several lakes and rivers that are perfect for kayaking and canoeing. You can rent a kayak or canoe and explore the beautiful waterways.
3. Visit the West Orange Trail: This is a 22-mile long trail that runs through Ocoee and other nearby cities. It is perfect for biking, walking, or jogging. You can enjoy the beautiful scenery and get some exercise at the same time.
4. Visit the Withers-Maguire House: This is a historic house that was built in 1888. It is now a museum that showcases the history of Ocoee and the surrounding areas.
5. Visit the Ocoee Lakeshore Center: This is a beautiful event venue that is perfect for weddings, parties, and other events. It is located on the shores of Lake Meadow and offers stunning views of the lake.
When it comes to food, Ocoee has plenty of options. Here are some of the best places to eat in Ocoee:
1. Yellow Dog Eats: This is a popular restaurant that serves delicious sandwiches, salads, and other dishes. They also have a great selection of craft beers.
2. The Ocoee Taco Company: This is a Mexican restaurant that serves delicious tacos, burritos, and other Mexican dishes. They also have a great selection of margaritas.
3. The Attic Door: This is a cozy restaurant that serves delicious comfort food. They have a great selection of burgers, sandwiches, and other dishes.
4. The Catfish Place: This is a seafood restaurant that serves delicious catfish, shrimp, and other seafood dishes. They also have a great selection of sides and desserts.
Overall, Ocoee is a great place to visit. It has plenty of things to do and see, and the food is delicious. Whether you are a nature lover, history buff, or foodie, you will find something to enjoy in Ocoee.