Finding the best hard money lenders in Rockledge 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 Rockledge 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. Rockledge private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Rockledge 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 Rockledge
What Do Rockledge Hard Money Lenders Charge?
Hard money loan rates in Rockledge range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Rockledge also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Rockledge Require Appraisals?
With most hard money lenders in Rockledge, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Rockledge?
Hard money loans in Rockledge 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 Rockledge Florida
Rockledge is a charming city located in Brevard County, Florida. It is a perfect destination for those who want to experience the beauty of nature, enjoy outdoor activities, and explore the rich history of the area. Here is a detailed review of Rockledge, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Rockledge Gardens: The Rockledge Gardens is a beautiful botanical garden that features a wide variety of plants, flowers, and trees. It is a perfect place to relax, take a stroll, and enjoy the beauty of nature.
2. Go Fishing: Rockledge is home to some of the best fishing spots in Florida. You can fish for redfish, snook, trout, and other species in the Indian River Lagoon or the Banana River.
3. Explore the Wildlife: The Merritt Island National Wildlife Refuge is a must-visit destination for nature lovers. It is home to a wide variety of wildlife, including alligators, manatees, and over 300 species of birds.
4. Play Golf: Rockledge is home to several golf courses, including the Rockledge Country Club and the Turtle Creek Golf Club. These courses offer a challenging and enjoyable golfing experience for players of all skill levels.
5. Visit the Beach: The Cocoa Beach is just a short drive away from Rockledge. It is a popular destination for surfing, swimming, and sunbathing.
Places to See:
1. Historic Cocoa Village: The Historic Cocoa Village is a charming district that features a variety of shops, restaurants, and galleries. It is a perfect place to explore the local culture and history.
2. Kennedy Space Center: The Kennedy Space Center is a must-visit destination for anyone interested in space exploration. It features exhibits, tours, and interactive experiences that showcase the history and future of space travel.
3. Brevard Zoo: The Brevard Zoo is a popular destination for families. It features a wide variety of animals, including giraffes, rhinos, and kangaroos.
4. Cocoa Beach Pier: The Cocoa Beach Pier is a historic landmark that offers stunning views of the ocean. It features several restaurants, shops, and entertainment options.
5. Historic Rossetter House Museum: The Historic Rossetter House Museum is a beautifully restored Victorian home that showcases the history of the area. It features exhibits, tours, and events that highlight the local culture and heritage.
Food to Eat:
1. The Fat Snook: The Fat Snook is a popular seafood restaurant that offers a variety of fresh and delicious dishes. It features a cozy atmosphere and friendly service.
2. The Shack Seafood Restaurant: The Shack Seafood Restaurant is a casual eatery that serves up some of the best seafood in the area. It features a laid-back atmosphere and affordable prices.
3. Ryan’s Village Pizza: Ryan’s Village Pizza is a family-owned pizzeria that offers delicious pizzas, subs, and salads. It features a friendly staff and a welcoming atmosphere.
4. The Cuban Island Restaurant: The Cuban Island Restaurant is a popular destination for authentic Cuban cuisine. It features a variety of dishes, including empanadas, Cuban sandwiches, and plantains.
5. The Mango Tree Restaurant: The Mango Tree Restaurant is a fine dining establishment that offers a variety of international dishes. It features a beautiful setting and excellent service.
In conclusion, Rockledge is a wonderful destination for those who want to experience the beauty of nature, explore the local culture and history, and enjoy delicious food. With its wide variety of activities, attractions, and dining options, Rockledge is a must-visit destination for anyone traveling to Florida.