Finding the best hard money lenders in Tallahassee 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 Tallahassee 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. Tallahassee private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Tallahassee 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 Tallahassee
What Do Tallahassee Hard Money Lenders Charge?
Hard money loan rates in Tallahassee range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Tallahassee also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Tallahassee Require Appraisals?
With most hard money lenders in Tallahassee, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Tallahassee?
Hard money loans in Tallahassee 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 Tallahassee Florida
Tallahassee, Florida is a vibrant city that offers a unique blend of history, culture, and natural beauty. As the capital of Florida, Tallahassee is home to many government buildings, museums, and universities. Here are some of the best things to do, places to see, and food to eat in Tallahassee.
Things to Do:
1. Visit the Florida State Capitol: The Florida State Capitol is a must-see attraction in Tallahassee. The building is home to the Florida Legislature and offers guided tours to visitors.
2. Explore the Tallahassee Museum: The Tallahassee Museum is a living history museum that showcases the natural and cultural history of the region. Visitors can explore the museum’s exhibits, nature trails, and wildlife habitats.
3. Take a stroll through Cascades Park: Cascades Park is a beautiful park located in the heart of Tallahassee. The park features a splash pad, amphitheater, and walking trails.
4. Visit the Tallahassee Antique Car Museum: The Tallahassee Antique Car Museum is a unique museum that features a collection of over 140 antique cars, including a 1930 Duesenberg and a 1961 Lincoln Continental.
5. Go on a brewery tour: Tallahassee is home to several breweries, including Proof Brewing Company and Deep Brewing Company. Visitors can take a tour of the breweries and sample some of their craft beers.
Places to See:
1. Florida State University: Florida State University is one of the top universities in the state of Florida. Visitors can take a tour of the campus and see the historic buildings and landmarks.
2. The Old Capitol Building: The Old Capitol Building is a historic building that served as the Florida State Capitol from 1845 to 1977. Visitors can take a tour of the building and learn about its history.
3. The Tallahassee-St. Marks Historic Railroad Trail: The Tallahassee-St. Marks Historic Railroad Trail is a scenic trail that runs from Tallahassee to St. Marks. The trail offers beautiful views of the surrounding countryside and is a popular spot for hiking and biking.
4. The Alfred B. Maclay Gardens State Park: The Alfred B. Maclay Gardens State Park is a beautiful park that features a variety of gardens, including a rose garden, a camellia garden, and a secret garden.
5. The Tallahassee-Leon County Civic Center: The Tallahassee-Leon County Civic Center is a multi-purpose arena that hosts concerts, sporting events, and other entertainment.
Food to Eat:
1. The Edison: The Edison is a popular restaurant in Tallahassee that serves American cuisine with a Southern twist. The restaurant is known for its craft cocktails and farm-to-table dishes.
2. Kool Beanz Cafe: Kool Beanz Cafe is a cozy cafe that serves creative dishes made with fresh, local ingredients. The restaurant is known for its eclectic menu and friendly atmosphere.
3. The Front Porch: The Front Porch is a casual restaurant that serves Southern comfort food. The restaurant is known for its fried chicken, mac and cheese, and sweet tea.
4. Momo’s Pizza: Momo’s Pizza is a local favorite that serves New York-style pizza. The restaurant offers a variety of toppings and crust options, as well as salads and sandwiches.
5. The Egg Cafe and Eatery: The Egg Cafe and Eatery is a popular breakfast spot that serves classic breakfast dishes, as well as unique creations like the “Egg in a Nest” and the “Biscuit and Gravy Benedict.”
Overall, Tallahassee is a great destination for history buffs, nature lovers, and foodies. With its rich history, beautiful parks, and delicious cuisine, there is something for everyone in this vibrant city.