Finding the best hard money lenders in Palm Springs 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 Palm Springs 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. Palm Springs private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Palm Springs 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 Palm Springs
What Do Palm Springs Hard Money Lenders Charge?
Hard money loan rates in Palm Springs range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Palm Springs also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Palm Springs Require Appraisals?
With most hard money lenders in Palm Springs, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Palm Springs?
Hard money loans in Palm Springs 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 Palm Springs Florida
Palm Springs is a beautiful desert city located in Southern California. It is known for its warm weather, stunning landscapes, and luxurious resorts. There are plenty of things to do and see in Palm Springs, making it a popular destination for tourists from all over the world.
One of the best things to do in Palm Springs is to visit the Palm Springs Aerial Tramway. This tramway takes you up to the top of Mount San Jacinto, where you can enjoy breathtaking views of the surrounding desert landscape. The ride itself is an experience, as the tramway rotates 360 degrees, giving you a full view of the scenery.
Another must-see attraction in Palm Springs is the Joshua Tree National Park. This park is home to unique rock formations, desert landscapes, and of course, the iconic Joshua trees. Visitors can hike, rock climb, or simply enjoy the stunning views of the park.
For those interested in history, the Palm Springs Air Museum is a great place to visit. This museum features a collection of vintage aircraft, including planes from World War II. Visitors can learn about the history of aviation and even take a ride in a vintage plane.
When it comes to food, Palm Springs has plenty of options to choose from. One of the most popular restaurants in the city is Workshop Kitchen + Bar. This restaurant features a farm-to-table menu, with dishes made from locally sourced ingredients. Another great option is Cheeky’s, which is known for its delicious breakfast and brunch dishes.
For those looking to relax and unwind, Palm Springs has plenty of luxurious resorts and spas. The Parker Palm Springs is a popular choice, with its beautiful gardens, pool, and spa. The Ritz-Carlton Rancho Mirage is another great option, with its stunning views of the surrounding mountains and desert.
Overall, Palm Springs is a wonderful destination for anyone looking to experience the beauty of the desert. With its stunning landscapes, unique attractions, and delicious food, there is something for everyone to enjoy in this beautiful city.