Finding the best hard money lenders in Pinecrest 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 Pinecrest 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. Pinecrest private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Pinecrest 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 Pinecrest
What Do Pinecrest Hard Money Lenders Charge?
Hard money loan rates in Pinecrest range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Pinecrest also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Pinecrest Require Appraisals?
With most hard money lenders in Pinecrest, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Pinecrest?
Hard money loans in Pinecrest 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 Pinecrest Florida
Pinecrest is a small, charming village located in Miami-Dade County, Florida. It is a popular destination for tourists and locals alike, offering a wide range of activities and attractions for visitors of all ages.
One of the best things to do in Pinecrest is to visit the Pinecrest Gardens. This beautiful botanical garden features a wide variety of plants and flowers, as well as a petting zoo, butterfly exhibit, and a playground for children. The gardens also host a variety of events throughout the year, including concerts, art shows, and festivals.
Another popular attraction in Pinecrest is the Deering Estate. This historic estate features a museum, art galleries, and beautiful gardens. Visitors can take guided tours of the estate and learn about its rich history and architecture.
For those who love the outdoors, Pinecrest has several parks and nature preserves to explore. The Matheson Hammock Park is a popular spot for swimming, picnicking, and hiking. The nearby Fairchild Tropical Botanic Garden is also a must-visit for nature lovers, with its stunning collection of tropical plants and flowers.
When it comes to food, Pinecrest has a variety of options to choose from. For a taste of authentic Cuban cuisine, head to Sergio’s Cuban Restaurant. For something a little more upscale, try the delicious seafood at Truluck’s Seafood, Steak, and Crab House. And for a quick bite, grab a sandwich or salad at the popular Pinecrest Bakery.
Overall, Pinecrest is a wonderful destination for anyone looking for a relaxing and enjoyable vacation. With its beautiful gardens, historic sites, and delicious food, there is something for everyone to enjoy in this charming village.