Finding the best hard money lenders in Sunrise 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 Sunrise 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. Sunrise private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Sunrise 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 Sunrise
What Do Sunrise Hard Money Lenders Charge?
Hard money loan rates in Sunrise range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Sunrise also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Sunrise Require Appraisals?
With most hard money lenders in Sunrise, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Sunrise?
Hard money loans in Sunrise 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 Sunrise Florida
Sunrise is a beautiful city located in the heart of Florida. It is a perfect destination for those who want to experience the best of both worlds – the excitement of the city and the tranquility of nature. The city is known for its beautiful parks, excellent shopping, and dining options. Here is a detailed review of Sunrise, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit Sawgrass Mills Mall: Sawgrass Mills Mall is one of the largest shopping malls in the United States. It has over 350 stores, including high-end brands like Gucci, Prada, and Versace. The mall also has a movie theater, an arcade, and several restaurants.
2. Explore the Everglades: The Everglades is a unique ecosystem that is home to a variety of wildlife, including alligators, panthers, and manatees. Visitors can take an airboat tour or a guided hike to explore the area.
3. Visit the BB&T Center: The BB&T Center is a multi-purpose arena that hosts concerts, sporting events, and other entertainment. It is home to the Florida Panthers hockey team.
4. Relax at Markham Park: Markham Park is a beautiful park that offers a variety of outdoor activities, including hiking, biking, and fishing. It also has a shooting range and a campground.
5. Visit the Flamingo Gardens: The Flamingo Gardens is a botanical garden and wildlife sanctuary that is home to over 3,000 species of plants and animals. Visitors can take a tram tour or explore the gardens on foot.
Places to See:
1. Sunrise Civic Center: The Sunrise Civic Center is a cultural center that hosts a variety of events, including concerts, plays, and art exhibits.
2. Welleby Park: Welleby Park is a beautiful park that offers a variety of outdoor activities, including fishing, hiking, and picnicking.
3. Sawgrass Sanctuary: The Sawgrass Sanctuary is a nature preserve that is home to a variety of wildlife, including alligators, turtles, and birds.
4. Sawgrass Mills Mall: Sawgrass Mills Mall is a must-see destination for shoppers. It is one of the largest shopping malls in the United States and has over 350 stores.
5. BB&T Center: The BB&T Center is a state-of-the-art arena that hosts a variety of events, including concerts, sporting events, and other entertainment.
Food to Eat:
1. La Bamba Mexican and Spanish Restaurant: La Bamba is a popular restaurant that serves authentic Mexican and Spanish cuisine. It is known for its large portions and affordable prices.
2. The Cheesecake Factory: The Cheesecake Factory is a popular chain restaurant that serves a variety of dishes, including pasta, burgers, and of course, cheesecake.
3. TGI Fridays: TGI Fridays is a casual dining restaurant that serves American cuisine, including burgers, sandwiches, and salads.
4. Bonefish Grill: Bonefish Grill is a seafood restaurant that serves a variety of dishes, including fish tacos, shrimp, and lobster.
5. The Melting Pot: The Melting Pot is a fondue restaurant that offers a unique dining experience. Guests can choose from a variety of cheese and chocolate fondues, as well as a variety of meats and vegetables for cooking in the hot pot.
Overall, Sunrise is a great destination for those who want to experience the best of both worlds – the excitement of the city and the tranquility of nature. With its beautiful parks, excellent shopping, and dining options, there is something for everyone in Sunrise.