Finding the best hard money lenders in Orlando 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 Orlando 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. Orlando private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Orlando 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 Orlando
What Do Orlando Hard Money Lenders Charge?
Hard money loan rates in Orlando range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Orlando also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Orlando Require Appraisals?
With most hard money lenders in Orlando, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Orlando?
Hard money loans in Orlando 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 Orlando Florida
Orlando, Florida is a popular tourist destination known for its theme parks, warm weather, and vibrant culture. There are plenty of things to do and see in Orlando, making it a great place to visit for families, couples, and solo travelers alike.
One of the best things to do in Orlando is to visit the theme parks. Walt Disney World Resort is the most popular theme park in Orlando, with four different parks to choose from: Magic Kingdom, Epcot, Hollywood Studios, and Animal Kingdom. Each park has its own unique attractions, shows, and experiences, making it easy to spend several days exploring them all. Universal Orlando Resort is another popular theme park in Orlando, with two parks: Universal Studios Florida and Islands of Adventure. These parks are known for their thrilling rides and attractions based on popular movies and TV shows.
If you’re looking for something a little more low-key, there are plenty of other things to do in Orlando as well. The Orlando Eye is a giant Ferris wheel that offers stunning views of the city, while the Kennedy Space Center Visitor Complex is a must-visit for anyone interested in space exploration. The Orlando Science Center is another great attraction, with interactive exhibits and hands-on activities for all ages.
When it comes to food, Orlando has a diverse culinary scene with something for everyone. For classic American fare, head to The Ravenous Pig or The Coop. For international cuisine, try Kabooki Sushi or Black Rooster Taqueria. And for a sweet treat, don’t miss the famous Dole Whip at Walt Disney World or the cupcakes at Gideon’s Bakehouse.
In terms of places to stay, there are plenty of options in Orlando. If you’re visiting the theme parks, staying at a Disney or Universal resort can be a convenient option. For a more luxurious experience, check out the Four Seasons Resort Orlando or the Waldorf Astoria Orlando. And for a budget-friendly option, there are plenty of hotels and motels in the area as well.
Overall, Orlando is a great destination for anyone looking for a fun and exciting vacation. With its theme parks, attractions, and diverse culinary scene, there’s something for everyone in this vibrant city.