Finding the best hard money lenders in San Carlos Park 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 San Carlos Park 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. San Carlos Park private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in San Carlos Park 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 San Carlos Park
What Do San Carlos Park Hard Money Lenders Charge?
Hard money loan rates in San Carlos Park range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in San Carlos Park also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In San Carlos Park Require Appraisals?
With most hard money lenders in San Carlos Park, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In San Carlos Park?
Hard money loans in San Carlos Park 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 San Carlos Park Florida
San Carlos Park is a beautiful and serene community located in Lee County, Florida. It is a perfect destination for those who want to escape the hustle and bustle of city life and enjoy some peace and quiet. The park is spread over 50 acres and offers a wide range of activities for visitors of all ages.
One of the best things to do in San Carlos Park is to take a leisurely stroll through the park’s many trails. The park has several walking and biking trails that wind through the lush greenery and offer stunning views of the surrounding landscape. The trails are well-maintained and are suitable for all skill levels.
Another popular activity in San Carlos Park is fishing. The park has several ponds and lakes that are stocked with a variety of fish, including bass, catfish, and bluegill. Visitors can bring their own fishing gear or rent equipment from the park’s concession stand.
For those who love sports, San Carlos Park has several sports facilities, including basketball and tennis courts, soccer fields, and a baseball diamond. The park also has a playground for children, which is a great place for families to spend some quality time together.
When it comes to food, San Carlos Park has several options to choose from. The park’s concession stand offers a variety of snacks and drinks, including hot dogs, nachos, and ice cream. There are also several restaurants and cafes located nearby that offer a range of cuisines, from Italian to Mexican.
One of the most popular places to see in San Carlos Park is the Butterfly Garden. The garden is home to a variety of butterfly species and is a great place to learn about these beautiful creatures. Visitors can also see a variety of other wildlife in the park, including birds, turtles, and rabbits.
Overall, San Carlos Park is a great destination for anyone looking to enjoy some outdoor activities and relax in a beautiful natural setting. With its many trails, sports facilities, and wildlife, there is something for everyone to enjoy. Whether you’re looking for a peaceful retreat or an active day out, San Carlos Park is definitely worth a visit.