Finding the best hard money lenders in Parkland 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 Parkland 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. Parkland private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Parkland 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 Parkland
What Do Parkland Hard Money Lenders Charge?
Hard money loan rates in Parkland range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Parkland also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Parkland Require Appraisals?
With most hard money lenders in Parkland, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Parkland?
Hard money loans in Parkland 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 Parkland Florida
Parkland is a beautiful city located in Broward County, Florida. It is known for its lush greenery, serene atmosphere, and a plethora of outdoor activities. The city is a perfect destination for nature lovers, adventure seekers, and families looking for a peaceful getaway. Here is a detailed review of Parkland, covering the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Parkland Farmers Market: The Parkland Farmers Market is a must-visit for anyone who loves fresh produce, artisanal goods, and local crafts. The market is held every Sunday and offers a wide range of products from local vendors.
2. Explore the Pine Trails Park: Pine Trails Park is a beautiful park that offers a variety of activities for visitors. The park features a playground, basketball courts, tennis courts, a skate park, and a dog park. It is a great place to spend a day with family and friends.
3. Go on a Nature Walk: Parkland is home to several nature preserves, including the Everglades Wildlife Management Area and the Loxahatchee National Wildlife Refuge. These preserves offer visitors the opportunity to explore the natural beauty of Florida and observe wildlife in their natural habitat.
4. Play Golf: Parkland is home to several world-class golf courses, including the Parkland Golf and Country Club and the Heron Bay Golf Club. These courses offer challenging layouts and stunning views of the surrounding landscape.
Places to See:
1. The Parkland Amphitheater: The Parkland Amphitheater is a beautiful outdoor venue that hosts concerts, festivals, and other events throughout the year. It is a great place to enjoy live music and entertainment.
2. The Parkland Library: The Parkland Library is a modern facility that offers a wide range of books, magazines, and other resources. It is a great place to relax and read a book or attend one of the many events hosted by the library.
3. The Parkland Equestrian Center: The Parkland Equestrian Center is a state-of-the-art facility that offers horseback riding lessons, trail rides, and other equestrian activities. It is a great place to experience the beauty of Florida on horseback.
Food to Eat:
1. The Whale Raw Bar and Fish House: The Whale Raw Bar and Fish House is a seafood restaurant that offers fresh seafood, sushi, and other dishes. It is a great place to enjoy a meal with family and friends.
2. The Parkland Bagel and Deli: The Parkland Bagel and Deli is a popular breakfast spot that offers bagels, sandwiches, and other breakfast items. It is a great place to start your day in Parkland.
3. The Parkland Diner: The Parkland Diner is a classic diner that offers breakfast, lunch, and dinner. It is a great place to enjoy comfort food and a friendly atmosphere.
In conclusion, Parkland is a beautiful city that offers a wide range of activities, attractions, and dining options. Whether you are looking for outdoor adventures, cultural experiences, or delicious food, Parkland has something for everyone. It is a great destination for families, couples, and solo travelers looking for a peaceful and relaxing getaway.