Finding the best hard money lenders in Plantation city 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 Plantation city 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. Plantation city private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Plantation city 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 Plantation city
What Do Plantation City Hard Money Lenders Charge?
Hard money loan rates in Plantation city range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Plantation city also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Plantation City Require Appraisals?
With most hard money lenders in Plantation city, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Plantation City?
Hard money loans in Plantation city 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 Plantation City Florida
Plantation city is a beautiful and vibrant city located in Broward County, Florida. It is known for its lush greenery, beautiful parks, and excellent shopping and dining options. Here are some of the best things to do, places to see, and food to eat in Plantation city.
Things to do:
1. Visit the Plantation Historical Museum: This museum is a great place to learn about the history of Plantation city. It features exhibits on the city’s founding, early settlers, and the development of the city.
2. Explore the Plantation Preserve Golf Course and Club: This golf course is a great place to enjoy a round of golf while taking in the beautiful scenery of the city.
3. Go shopping at the Westfield Broward Mall: This mall is home to over 100 stores, including popular brands like Macy’s, JCPenney, and Dillard’s.
4. Take a walk in the Plantation Central Park: This park is a great place to enjoy a picnic, play sports, or take a walk on the nature trails.
Places to see:
1. The Plantation Botanical Gardens: This garden is a beautiful place to see a variety of plants and flowers. It also features a butterfly garden and a pond with fish and turtles.
2. The Plantation Farmers Market: This market is a great place to buy fresh produce, baked goods, and other local products.
3. The Plantation Art Guild Gallery: This gallery features the work of local artists and is a great place to see some beautiful art.
4. The Plantation Historical Society Museum: This museum is a great place to learn about the history of Plantation city and the surrounding area.
Food to eat:
1. The Cheesecake Factory: This restaurant is known for its delicious cheesecake and a variety of other dishes.
2. The Melting Pot: This restaurant is a great place to enjoy fondue and other delicious dishes.
3. The Capital Grille: This restaurant is known for its delicious steaks and seafood.
4. The Yard House: This restaurant is a great place to enjoy a variety of beers and delicious pub food.
Overall, Plantation city is a great place to visit. It offers a variety of things to do, places to see, and delicious food to eat. Whether you’re a history buff, a nature lover, or a foodie, there’s something for everyone in Plantation city.