Finding the best hard money lenders in Pensacola 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 Pensacola 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. Pensacola private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Pensacola 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 Pensacola
What Do Pensacola Hard Money Lenders Charge?
Hard money loan rates in Pensacola range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Pensacola also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Pensacola Require Appraisals?
With most hard money lenders in Pensacola, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Pensacola?
Hard money loans in Pensacola 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 Pensacola Florida
Pensacola is a beautiful city located in the westernmost part of Florida. It is known for its stunning beaches, rich history, and vibrant culture. Here are some of the best things to do, places to see, and food to eat in Pensacola:
Things to Do:
1. Visit the Pensacola Beach: Pensacola Beach is one of the most popular attractions in the city. It is known for its crystal-clear waters, white sand beaches, and stunning sunsets. You can enjoy a variety of water sports activities like kayaking, paddleboarding, and jet skiing.
2. Explore the Historic Pensacola Village: The Historic Pensacola Village is a must-visit attraction for history buffs. It is a collection of 27 historic buildings that date back to the 19th century. You can take a guided tour of the village and learn about the city’s rich history.
3. Visit the National Naval Aviation Museum: The National Naval Aviation Museum is one of the largest aviation museums in the world. It features more than 150 aircraft and exhibits that showcase the history of naval aviation.
4. Take a Dolphin Cruise: Pensacola is home to a large population of dolphins, and taking a dolphin cruise is a great way to see them up close. You can also enjoy the beautiful views of the Gulf of Mexico during the cruise.
Places to See:
1. Fort Pickens: Fort Pickens is a historic fort that was built in the 19th century to protect Pensacola Bay. It is now a popular tourist attraction and offers stunning views of the Gulf of Mexico.
2. Pensacola Lighthouse: The Pensacola Lighthouse is a historic lighthouse that was built in 1859. It is located on the Naval Air Station and offers stunning views of the Gulf of Mexico.
3. Gulf Islands National Seashore: The Gulf Islands National Seashore is a protected area that includes several barrier islands and beaches. It is a great place to go hiking, fishing, and birdwatching.
Food to Eat:
1. Grits a Ya Ya: Grits a Ya Ya is a popular dish in Pensacola that consists of creamy grits, smoked Gouda cheese, and sautéed shrimp.
2. Fried Shrimp: Pensacola is known for its delicious fried shrimp. You can find it at many seafood restaurants in the city.
3. Bushwacker: The Bushwacker is a popular cocktail in Pensacola that consists of rum, Kahlua, cream of coconut, and chocolate syrup.
Overall, Pensacola is a beautiful city that offers something for everyone. Whether you’re interested in history, outdoor activities, or delicious food, you’re sure to find something to enjoy in Pensacola.