Finding the best hard money lenders in Port Charlotte 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 Port Charlotte 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. Port Charlotte private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Port Charlotte 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 Port Charlotte
What Do Port Charlotte Hard Money Lenders Charge?
Hard money loan rates in Port Charlotte range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Port Charlotte also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Port Charlotte Require Appraisals?
With most hard money lenders in Port Charlotte, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Port Charlotte?
Hard money loans in Port Charlotte 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 Port Charlotte Florida
Port Charlotte is a charming town located in Charlotte County, Florida. It is known for its beautiful beaches, outdoor activities, and cultural attractions. Here are some of the best things to do, places to see, and food to eat in Port Charlotte:
Things to Do:
1. Visit the Port Charlotte Beach Park: This park is a popular destination for locals and tourists alike. It features a beautiful beach, picnic areas, playgrounds, and a fishing pier.
2. Explore the Charlotte Harbor Preserve State Park: This park is a great place to go hiking, kayaking, and birdwatching. It is home to a variety of wildlife, including manatees, dolphins, and alligators.
3. Play Golf: Port Charlotte is home to several golf courses, including the Riverwood Golf Club and the Kings Gate Golf Club.
4. Go Fishing: Port Charlotte is a great place to go fishing. You can fish in the Charlotte Harbor or in the Gulf of Mexico.
5. Visit the Cultural Center of Charlotte County: This center features art exhibits, theater performances, and educational programs.
Places to See:
1. The Port Charlotte Town Center: This shopping center features over 100 stores, including Macy’s, Dillard’s, and JCPenney.
2. The Port Charlotte Beach Complex: This complex features a beach, a fishing pier, and a playground.
3. The Charlotte Harbor Event and Conference Center: This center hosts a variety of events, including concerts, trade shows, and conferences.
4. The Peace River Botanical and Sculpture Gardens: This garden features over 11 acres of beautiful gardens and sculptures.
5. The Military Heritage Museum: This museum features exhibits on military history, including World War II and the Vietnam War.
Food to Eat:
1. The Fishery Restaurant: This restaurant serves fresh seafood, including shrimp, crab, and fish.
2. The Philadelphian: This restaurant serves authentic Philly cheesesteaks and other sandwiches.
3. The Celtic Ray Public House: This pub serves traditional Irish food, including shepherd’s pie and fish and chips.
4. The Captain’s Table: This restaurant serves seafood and steak, and features a beautiful view of the Charlotte Harbor.
5. The Nav-a-gator Grill: This restaurant serves seafood and burgers, and features live music on the weekends.
Overall, Port Charlotte is a great destination for anyone looking for a relaxing vacation. With its beautiful beaches, outdoor activities, and cultural attractions, there is something for everyone to enjoy.