Finding the best hard money lenders in Port St. John 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 St. John 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 St. John private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Port St. John 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 St. John
What Do Port St. John Hard Money Lenders Charge?
Hard money loan rates in Port St. John range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Port St. John also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Port St. John Require Appraisals?
With most hard money lenders in Port St. John, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Port St. John?
Hard money loans in Port St. John 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 St. John Florida
Port St. John is a small community located in Brevard County, Florida. It is a peaceful and quiet place that offers a variety of activities for visitors to enjoy. Here are some of the best things to do, places to see, and food to eat in Port St. John:
Things to Do:
1. Visit the Space Coast Nature Preserve: This is a beautiful park that offers hiking trails, picnic areas, and a playground for kids. It is a great place to spend a day with family and friends.
2. Go Fishing: Port St. John is located on the Indian River, which is known for its excellent fishing. Visitors can rent a boat or hire a guide to take them out on the water.
3. Play Golf: There are several golf courses in the area, including the Sherwood Golf Club and the Indian River Preserve Golf Club. Both offer challenging courses and beautiful scenery.
4. Visit the Kennedy Space Center: This is a must-see attraction for anyone visiting Port St. John. Visitors can take a tour of the facility, see rockets and space shuttles up close, and learn about the history of space exploration.
Places to See:
1. Cocoa Beach: This is a popular beach destination located just a short drive from Port St. John. It offers miles of white sand beaches, great surfing, and plenty of restaurants and shops.
2. Merritt Island National Wildlife Refuge: This is a beautiful wildlife sanctuary that is home to a variety of animals, including manatees, alligators, and bald eagles. Visitors can take a guided tour or explore on their own.
3. Brevard Zoo: This is a great place to take kids. It offers a variety of animal exhibits, including giraffes, rhinos, and kangaroos. There is also a zip line and a train ride.
Food to Eat:
1. Dixie Crossroads: This is a local favorite that serves up some of the best seafood in the area. The menu includes shrimp, crab, and lobster, as well as other southern favorites like fried chicken and hush puppies.
2. El Leoncito: This is a great place to go for authentic Mexican food. The menu includes tacos, burritos, and enchiladas, as well as a variety of margaritas.
3. The Fat Snook: This is a more upscale restaurant that offers a variety of seafood dishes, as well as steak and chicken. The menu changes frequently to reflect the freshest ingredients available.
Overall, Port St. John is a great place to visit for anyone looking for a peaceful and relaxing vacation. With its beautiful scenery, great outdoor activities, and delicious food, it is sure to please visitors of all ages.