Finding the best hard money lenders in Pembroke Pines 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 Pembroke Pines 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. Pembroke Pines private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Pembroke Pines 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 Pembroke Pines
What Do Pembroke Pines Hard Money Lenders Charge?
Hard money loan rates in Pembroke Pines range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Pembroke Pines also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Pembroke Pines Require Appraisals?
With most hard money lenders in Pembroke Pines, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Pembroke Pines?
Hard money loans in Pembroke Pines 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 Pembroke Pines Florida
Pembroke Pines is a beautiful city located in Broward County, Florida. It is a great place to visit for people of all ages, as it offers a wide range of activities and attractions. Here is a detailed review of Pembroke Pines, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. C.B. Smith Park: This is a great place to spend a day with family and friends. The park offers a variety of activities, including fishing, boating, camping, and picnicking. There is also a water park, a golf course, and a tennis center.
2. Pembroke Lakes Mall: This is a popular shopping destination in Pembroke Pines. The mall features over 150 stores, including Macy’s, Dillard’s, and JCPenney. There are also several restaurants and a movie theater.
3. Pembroke Pines YMCA: This is a great place to stay active and healthy. The YMCA offers a variety of fitness classes, including yoga, Pilates, and Zumba. There is also a swimming pool, basketball court, and a rock climbing wall.
4. Pembroke Pines Ice Arena: This is a great place to cool off on a hot day. The ice arena offers public skating sessions, as well as ice hockey and figure skating lessons.
Places to See:
1. Chapel Trail Nature Preserve: This is a beautiful nature preserve located in Pembroke Pines. The preserve features several hiking trails, as well as a boardwalk that takes visitors through a wetland area.
2. Pembroke Pines City Center: This is a great place to see live performances and events. The city center features a theater, an art gallery, and a conference center.
3. Flamingo Gardens: This is a beautiful botanical garden located in nearby Davie, Florida. The garden features over 3,000 species of plants, as well as a wildlife sanctuary.
Food to Eat:
1. Havana 1957: This is a great restaurant that serves authentic Cuban cuisine. The restaurant features a lively atmosphere and live music.
2. The Pub Pembroke Pines: This is a great place to grab a drink and a bite to eat. The pub features a variety of beers on tap, as well as traditional pub fare.
3. Bonefish Grill: This is a great seafood restaurant that serves fresh fish and seafood dishes. The restaurant features a casual atmosphere and a great happy hour.
Overall, Pembroke Pines is a great place to visit for people of all ages. Whether you are looking for outdoor activities, shopping, or great food, Pembroke Pines has something to offer.