Finding the best hard money lenders in Seminole 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 Seminole 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. Seminole private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Seminole 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 Seminole
What Do Seminole Hard Money Lenders Charge?
Hard money loan rates in Seminole range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Seminole also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Seminole Require Appraisals?
With most hard money lenders in Seminole, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Seminole?
Hard money loans in Seminole 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 Seminole Florida
Seminole is a city located in Pinellas County, Florida, United States. It is a small city with a population of around 18,000 people. Despite its small size, Seminole has a lot to offer to its visitors. Here are some of the best things to do, places to see, and food to eat in Seminole.
Things to Do:
1. Visit the Seminole City Park: Seminole City Park is a beautiful park that offers a lot of recreational activities. It has a playground, picnic areas, walking trails, and a lake where you can go fishing.
2. Go to the Beach: Seminole is located near some of the best beaches in Florida. You can visit the Indian Rocks Beach, Madeira Beach, or Redington Beach to enjoy the sun, sand, and water.
3. Play Golf: Seminole has some of the best golf courses in Florida. You can visit the Seminole Lake Country Club or the Bayou Club to play golf.
4. Visit the Seminole Historical Society Museum: The Seminole Historical Society Museum is a great place to learn about the history of Seminole. It has a collection of artifacts, photographs, and documents that tell the story of Seminole.
Places to See:
1. Boca Ciega Millennium Park: Boca Ciega Millennium Park is a beautiful park that offers a lot of recreational activities. It has a playground, picnic areas, walking trails, and a lake where you can go fishing.
2. Seminole City Center: Seminole City Center is a shopping center that has a lot of stores, restaurants, and entertainment options. It is a great place to spend an afternoon.
3. Pinellas Trail: Pinellas Trail is a 38-mile long trail that runs through Seminole. It is a great place to go for a walk, run, or bike ride.
Food to Eat:
1. The Frog Pond: The Frog Pond is a popular breakfast spot in Seminole. They serve delicious pancakes, waffles, and omelets.
2. The Original Pizza Restaurant: The Original Pizza Restaurant is a great place to get pizza in Seminole. They have a lot of toppings to choose from, and their pizza is always fresh and delicious.
3. The Island Grille & Raw Bar: The Island Grille & Raw Bar is a seafood restaurant that serves fresh seafood. They have a lot of options to choose from, and their seafood is always cooked to perfection.
Overall, Seminole is a great place to visit. It has a lot of recreational activities, beautiful parks, and delicious food. If you are planning a trip to Florida, make sure to add Seminole to your list of places to visit.