Finding the best hard money lenders in Pinellas Park 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 Pinellas Park 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. Pinellas Park private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Pinellas Park 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 Pinellas Park
What Do Pinellas Park Hard Money Lenders Charge?
Hard money loan rates in Pinellas Park range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Pinellas Park also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Pinellas Park Require Appraisals?
With most hard money lenders in Pinellas Park, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Pinellas Park?
Hard money loans in Pinellas Park 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 Pinellas Park Florida
Pinellas Park, Florida is a charming city located in Pinellas County, just a short drive from Tampa and St. Petersburg. This city is known for its beautiful parks, vibrant community, and diverse range of activities and attractions. Whether you’re a local or a visitor, there’s always something new to discover in Pinellas Park.
One of the best things to do in Pinellas Park is to explore the city’s many parks. The most popular park in the area is the beautiful Sawgrass Lake Park, which features a boardwalk trail that winds through a stunning wetland ecosystem. Other great parks in the area include Helen S. Howarth Park, Forbes Recreation Center, and Freedom Lake Park.
If you’re looking for something a little more adventurous, Pinellas Park has plenty of options for outdoor activities. The city is home to several golf courses, including the popular Mainlands Golf Course and the Cypress Links Golf Course. You can also go fishing at Freedom Lake or take a kayak tour of the nearby waterways.
For those who love shopping, Pinellas Park has plenty of options. The city is home to several shopping centers, including the popular Park Boulevard Plaza and the Shoppes at Park Place. You can also find a variety of specialty shops and boutiques throughout the city.
When it comes to food, Pinellas Park has something for everyone. The city is known for its delicious seafood, with many restaurants serving up fresh catches from the nearby Gulf of Mexico. Some of the best seafood restaurants in the area include Crabby Bill’s Seafood, Bubba Gump Shrimp Co., and The Crab Shack.
If you’re looking for something a little more upscale, Pinellas Park has plenty of fine dining options as well. Some of the best restaurants in the area include The Black Pearl, The Mill Restaurant, and The Birchwood. You can also find a variety of international cuisine throughout the city, including Italian, Mexican, and Thai.
Overall, Pinellas Park is a wonderful city with plenty to offer visitors and locals alike. Whether you’re looking for outdoor activities, shopping, or delicious food, you’re sure to find something to love in this charming Florida city.