Finding the best hard money lenders in Oviedo 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 Oviedo 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. Oviedo private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Oviedo 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 Oviedo
What Do Oviedo Hard Money Lenders Charge?
Hard money loan rates in Oviedo range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Oviedo also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Oviedo Require Appraisals?
With most hard money lenders in Oviedo, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Oviedo?
Hard money loans in Oviedo 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 Oviedo Florida
Oviedo is a charming city located in the northern region of Spain, known for its rich history, stunning architecture, and delicious cuisine. Whether you’re a history buff, a foodie, or simply looking for a relaxing getaway, Oviedo has something to offer for everyone. Here’s a detailed review of the best things to do, places to see, food to eat, and more in Oviedo.
Things to Do:
1. Visit the Cathedral of San Salvador: This stunning cathedral is one of the most iconic landmarks in Oviedo, with its Gothic architecture and intricate carvings. It’s a must-visit for anyone interested in history and architecture.
2. Explore the Old Town: The Old Town of Oviedo is a maze of narrow streets, historic buildings, and charming plazas. It’s the perfect place to wander around and soak up the atmosphere of the city.
3. Visit the Museum of Fine Arts of Asturias: This museum is home to an impressive collection of art, including works by Spanish masters like Goya and El Greco. It’s a great place to spend a few hours and learn more about the art and culture of Asturias.
4. Take a stroll in the Campo de San Francisco: This beautiful park is the perfect place to relax and enjoy the outdoors. It’s a popular spot for locals and tourists alike, with its lush greenery, fountains, and sculptures.
5. Attend a concert at the Teatro Campoamor: This historic theater is one of the most important cultural venues in Oviedo, hosting concerts, operas, and other performances throughout the year.
Places to See:
1. The Palace of Santa María del Naranco: This UNESCO World Heritage Site is one of the most important examples of pre-Romanesque architecture in Spain. It’s a must-visit for anyone interested in history and architecture.
2. The Church of San Julián de los Prados: This ancient church is another example of pre-Romanesque architecture, with its intricate carvings and stunning frescoes.
3. The Plaza del Fontán: This bustling plaza is home to a lively market, where you can find everything from fresh produce to handmade crafts.
4. The University of Oviedo: This historic university is one of the oldest in Spain, with a rich history and stunning architecture.
5. The Museum of the Asturian People: This museum is dedicated to the history and culture of Asturias, with exhibits on everything from traditional crafts to local folklore.
Food to Eat:
1. Fabada Asturiana: This hearty stew is a staple of Asturian cuisine, made with white beans, chorizo, and other meats.
2. Cachopo: This dish consists of two large pieces of beef or pork, stuffed with ham and cheese, and breaded and fried.
3. Sidra: Asturias is famous for its cider, which is poured from a height to aerate it and enhance its flavor.
4. Queso de Cabrales: This strong blue cheese is made from cow’s, sheep’s, and goat’s milk, and is a must-try for cheese lovers.
5. Arroz con Leche: This creamy rice pudding is a popular dessert in Asturias, often flavored with cinnamon and lemon zest.
Overall, Oviedo is a beautiful and fascinating city, with a rich history, stunning architecture, and delicious cuisine. Whether you’re interested in history, culture, or simply looking for a relaxing getaway, Oviedo has something to offer for everyone.