Finding the best hard money lenders in Sweetwater 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 Sweetwater 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. Sweetwater private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Sweetwater 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 Sweetwater
What Do Sweetwater Hard Money Lenders Charge?
Hard money loan rates in Sweetwater range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Sweetwater also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Sweetwater Require Appraisals?
With most hard money lenders in Sweetwater, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Sweetwater?
Hard money loans in Sweetwater 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 Sweetwater Florida
Sweetwater is a small town located in Monroe County, Tennessee, in the United States. It is a charming town that offers a variety of activities and attractions for visitors. Here are some of the best things to do, places to see, and food to eat in Sweetwater:
Things to Do:
1. Visit the Lost Sea Adventure: The Lost Sea Adventure is a unique attraction that offers visitors the opportunity to explore the largest underground lake in the United States. Visitors can take a guided tour of the cave and then take a glass-bottom boat ride on the lake.
2. Explore the Sweetwater Flea Market: The Sweetwater Flea Market is a popular attraction for visitors looking for unique souvenirs and gifts. The market features over 800 vendors selling everything from antiques to handmade crafts.
3. Go hiking in the Cherokee National Forest: The Cherokee National Forest is a beautiful area that offers visitors the opportunity to hike, fish, and camp. There are several hiking trails in the area that offer stunning views of the surrounding mountains.
4. Visit the Sweetwater Valley Farm: The Sweetwater Valley Farm is a family-owned dairy farm that offers visitors the opportunity to see how cheese is made. Visitors can take a tour of the farm and then sample some of the delicious cheeses.
Places to See:
1. The Sweetwater Depot: The Sweetwater Depot is a historic train station that has been restored and is now a museum. Visitors can learn about the history of the railroad in Sweetwater and see artifacts from the past.
2. The Sweetwater Church of Christ: The Sweetwater Church of Christ is a beautiful church that was built in 1904. Visitors can admire the stunning stained glass windows and the intricate woodwork.
3. The Sweetwater City Park: The Sweetwater City Park is a beautiful park that offers visitors the opportunity to relax and enjoy the outdoors. The park features a playground, picnic areas, and walking trails.
Food to Eat:
1. The Sweetwater Valley Farm Cheese: The Sweetwater Valley Farm Cheese is a must-try for visitors to Sweetwater. The cheese is made on the farm and is available for purchase in the farm store.
2. The Sweetwater Grille: The Sweetwater Grille is a popular restaurant that offers a variety of dishes, including burgers, sandwiches, and salads. The restaurant also has a full bar.
3. The Lost Sea Restaurant: The Lost Sea Restaurant is located at the Lost Sea Adventure and offers a variety of dishes, including seafood, burgers, and salads. The restaurant also has a gift shop.
Overall, Sweetwater is a charming town that offers visitors a variety of activities and attractions. Whether you’re interested in history, nature, or food, there’s something for everyone in Sweetwater.