Finding the best hard money lenders in Sunny Isles 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 Sunny Isles 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. Sunny Isles Beach private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Sunny Isles 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 Sunny Isles Beach
What Do Sunny Isles Beach Hard Money Lenders Charge?
Hard money loan rates in Sunny Isles Beach range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Sunny Isles Beach also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Sunny Isles Beach Require Appraisals?
With most hard money lenders in Sunny Isles Beach, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Sunny Isles Beach?
Hard money loans in Sunny Isles 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 Sunny Isles Beach Florida
Sunny Isles Beach is a beautiful city located in Miami-Dade County, Florida. It is a popular tourist destination known for its stunning beaches, luxurious resorts, and vibrant nightlife. Here is a detailed review of Sunny Isles Beach, including the best things to do, places to see, food to eat, and more.
Best Things to Do:
1. Relax on the Beach: Sunny Isles Beach is home to some of the most beautiful beaches in Florida. The crystal-clear waters and soft white sand make it the perfect place to relax and soak up the sun.
2. Water Sports: The beach offers a variety of water sports activities such as jet skiing, parasailing, and paddleboarding. Visitors can rent equipment and enjoy the thrill of these activities.
3. Visit Oleta River State Park: This park is a great place to explore nature and enjoy outdoor activities such as hiking, biking, and kayaking.
4. Go Shopping: Sunny Isles Beach is home to several shopping centers, including the Aventura Mall, which is one of the largest malls in the country. Visitors can shop for designer brands, enjoy a meal at one of the many restaurants, or catch a movie at the cinema.
5. Nightlife: Sunny Isles Beach has a vibrant nightlife scene with several bars, clubs, and lounges. Visitors can enjoy live music, dance the night away, or simply relax with a drink.
Places to See:
1. Haulover Park: This park is a popular destination for locals and tourists alike. It offers a variety of activities such as fishing, boating, and picnicking. It is also home to a clothing-optional beach.
2. Ancient Spanish Monastery: This monastery was built in the 12th century in Spain and was later dismantled and brought to the United States. It is now a popular tourist attraction and a great place to learn about history.
3. Dezer Collection Museum: This museum is home to a collection of classic cars, motorcycles, and other vintage vehicles. It is a must-visit for car enthusiasts.
4. Miami Beach: Sunny Isles Beach is located just a short drive away from Miami Beach, which is known for its art deco architecture, vibrant nightlife, and beautiful beaches.
Food to Eat:
1. Timo: This restaurant offers a Mediterranean-inspired menu with dishes such as grilled octopus, lamb chops, and homemade pasta.
2. Il Mulino New York: This restaurant serves authentic Italian cuisine, including homemade pasta, seafood, and steak.
3. Kitchen 305: This restaurant offers a variety of dishes, including sushi, seafood, and steak. It is also known for its all-you-can-eat lobster special.
4. Piazzetta: This restaurant serves traditional Italian dishes such as pizza, pasta, and seafood. It also has a great selection of wines.
Accommodations:
Sunny Isles Beach is home to several luxurious resorts and hotels, including the Trump International Beach Resort, Acqualina Resort & Spa, and the Newport Beachside Hotel & Resort. These resorts offer world-class amenities such as spas, pools, and fine dining restaurants.
In conclusion, Sunny Isles Beach is a great destination for those looking for a relaxing beach vacation with plenty of activities to keep them entertained. With its beautiful beaches, outdoor activities, shopping centers, and vibrant nightlife, there is something for everyone in this charming city.