Finding the best hard money lenders in Riviera Beach 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 Riviera Beach 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. Riviera Beach private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Riviera Beach 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 Riviera Beach
What Do Riviera Beach Hard Money Lenders Charge?
Hard money loan rates in Riviera Beach range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Riviera Beach also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Riviera Beach Require Appraisals?
With most hard money lenders in Riviera Beach, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Riviera Beach?
Hard money loans in Riviera Beach 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 Riviera Beach Florida
Riviera Beach is a beautiful coastal city located in Palm Beach County, Florida. It is known for its stunning beaches, crystal clear waters, and a wide range of outdoor activities. Here are some of the best things to do, places to see, and food to eat in Riviera Beach:
Things to Do:
1. Visit Peanut Island: This small island is located in the Intracoastal Waterway and is a popular spot for swimming, snorkeling, and picnicking.
2. Go Fishing: Riviera Beach is known for its excellent fishing opportunities. You can go deep-sea fishing or try your luck at one of the many fishing piers.
3. Take a Boat Tour: There are several boat tours available in Riviera Beach that will take you around the area’s beautiful waterways and show you some of the local wildlife.
4. Visit the Rapids Water Park: This water park is a great place to cool off on a hot day. It features a variety of water slides, pools, and other attractions.
5. Play Golf: Riviera Beach has several golf courses, including the Palm Beach Gardens Golf Course, which is known for its challenging layout and beautiful scenery.
Places to See:
1. Singer Island: This barrier island is located just off the coast of Riviera Beach and is home to some of the area’s most beautiful beaches.
2. John D. MacArthur Beach State Park: This park is located on the northern end of Singer Island and features a variety of outdoor activities, including hiking, fishing, and swimming.
3. The Palm Beach Zoo: This zoo is home to a wide variety of animals, including lions, tigers, and bears.
4. The Flagler Museum: This museum is located in nearby Palm Beach and is dedicated to the life and legacy of Henry Flagler, a prominent businessman and developer in the area.
5. The Norton Museum of Art: This museum is located in West Palm Beach and features a wide variety of art from around the world.
Food to Eat:
1. Seafood: Riviera Beach is known for its fresh seafood, including shrimp, crab, and fish. Some of the best seafood restaurants in the area include Sailfish Marina and The Crab House.
2. Cuban Food: There are several excellent Cuban restaurants in Riviera Beach, including Havana Restaurant and Don Ramon’s.
3. Barbecue: If you’re in the mood for some delicious barbecue, be sure to check out Park Avenue BBQ Grille.
4. Italian Food: For some delicious Italian food, head to Ristorante Santucci or Carmine’s La Trattoria.
5. Breakfast: If you’re looking for a great breakfast spot, be sure to check out John G’s or The Pelican Cafe.
Overall, Riviera Beach is a beautiful and exciting destination that offers something for everyone. Whether you’re looking for outdoor activities, cultural attractions, or delicious food, you’re sure to find it in this vibrant coastal city.