Finding the best hard money lenders in Silver Springs Shores 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 Silver Springs Shores 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. Silver Springs Shores private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Silver Springs Shores 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 Silver Springs Shores
What Do Silver Springs Shores Hard Money Lenders Charge?
Hard money loan rates in Silver Springs Shores range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Silver Springs Shores also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Silver Springs Shores Require Appraisals?
With most hard money lenders in Silver Springs Shores, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Silver Springs Shores?
Hard money loans in Silver Springs Shores 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 Silver Springs Shores Florida
Silver Springs Shores is a beautiful community located in Marion County, Florida. It is a great place to visit for those who love nature, outdoor activities, and a peaceful environment. Here is a detailed review of Silver Springs Shores, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Silver Springs State Park: This is the main attraction of Silver Springs Shores. It is a beautiful park with crystal clear water, lush greenery, and a variety of wildlife. Visitors can take a glass-bottom boat tour, go kayaking, hiking, or biking. The park also has a museum, a gift shop, and a restaurant.
2. Ocala National Forest: This is a vast forest with over 600 lakes, rivers, and springs. Visitors can go camping, hiking, fishing, or swimming. The forest also has several trails for horseback riding and off-road vehicles.
3. Golfing: Silver Springs Shores has several golf courses, including the Silver Springs Shores Country Club, which is open to the public. The courses are well-maintained and offer a challenging game for golfers of all levels.
4. Horseback Riding: There are several stables in the area that offer horseback riding tours. Visitors can explore the beautiful countryside on horseback and enjoy the fresh air and sunshine.
Places to See:
1. Silver River Museum: This museum is located inside the Silver Springs State Park and showcases the history of the area. Visitors can see exhibits on the Seminole Indians, the Civil War, and the early settlers of the region.
2. Fort King National Historic Landmark: This is a historic site that was once a military fort during the Seminole Wars. Visitors can see the remains of the fort and learn about the history of the area.
3. Appleton Museum of Art: This museum is located in nearby Ocala and features a collection of American and European art. Visitors can see paintings, sculptures, and other works of art from the 19th and 20th centuries.
Food to Eat:
1. Mojo Grill: This restaurant serves delicious Cuban and Caribbean cuisine. Visitors can try the Cuban sandwich, the empanadas, or the plantains.
2. Ivy on the Square: This restaurant is located in downtown Ocala and serves American cuisine. Visitors can try the burgers, salads, or the seafood.
3. La Hacienda Mexican Restaurant: This restaurant serves authentic Mexican cuisine. Visitors can try the tacos, burritos, or the fajitas.
Overall, Silver Springs Shores is a great place to visit for those who love nature, outdoor activities, and a peaceful environment. Visitors can enjoy the beautiful parks, forests, and lakes, as well as the historic sites and museums. The area also has several great restaurants that serve delicious food.