Finding the best hard money lenders in Punta Gorda 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 Punta Gorda 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. Punta Gorda private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Punta Gorda 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 Punta Gorda
What Do Punta Gorda Hard Money Lenders Charge?
Hard money loan rates in Punta Gorda range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Punta Gorda also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Punta Gorda Require Appraisals?
With most hard money lenders in Punta Gorda, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Punta Gorda?
Hard money loans in Punta Gorda 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 Punta Gorda Florida
Punta Gorda is a charming city located in southwest Florida, known for its beautiful waterfront views, historic downtown area, and abundance of outdoor activities. Whether you’re looking for a relaxing vacation or an adventure-filled getaway, Punta Gorda has something for everyone.
One of the best things to do in Punta Gorda is to explore the city’s historic downtown area. The streets are lined with quaint shops, restaurants, and galleries, and the architecture is a mix of Victorian and Mediterranean styles. The highlight of the downtown area is the Fishermen’s Village, a waterfront shopping and dining complex that offers stunning views of Charlotte Harbor.
Another must-see attraction in Punta Gorda is the Peace River Wildlife Center. This non-profit organization is dedicated to the rehabilitation and release of injured and orphaned wildlife. Visitors can take a guided tour of the facility and see a variety of animals, including eagles, owls, and alligators.
For outdoor enthusiasts, Punta Gorda offers plenty of opportunities for fishing, boating, and kayaking. The city is located on the Peace River and Charlotte Harbor, which are both known for their excellent fishing. There are also several parks and nature preserves in the area, including the Charlotte Harbor Preserve State Park and the Babcock Ranch Preserve.
When it comes to food, Punta Gorda has a diverse culinary scene that caters to all tastes. Seafood is a popular choice, with many restaurants serving fresh catches from the nearby waters. Some of the best seafood restaurants in the area include Laishley Crab House and The Captain’s Table.
If you’re looking for something a little different, Punta Gorda also has a variety of international cuisine options. Thai Star Restaurant and Laishley Crab House both offer delicious Thai dishes, while Laishley’s Crab Shack serves up Caribbean-inspired seafood.
Overall, Punta Gorda is a hidden gem in southwest Florida that offers a unique blend of history, nature, and culture. Whether you’re looking to relax on the beach, explore the city’s historic downtown, or enjoy some outdoor activities, Punta Gorda has something for everyone.