Finding the best hard money lenders in Tamarac 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 Tamarac 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. Tamarac private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Tamarac 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 Tamarac
What Do Tamarac Hard Money Lenders Charge?
Hard money loan rates in Tamarac range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Tamarac also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Tamarac Require Appraisals?
With most hard money lenders in Tamarac, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Tamarac?
Hard money loans in Tamarac 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 Tamarac Florida
Tamarac is a beautiful city located in Broward County, Florida. It is a great place to visit for those who are looking for a relaxing vacation or a weekend getaway. The city is known for its beautiful parks, great restaurants, and friendly people. Here is a detailed review of Tamarac, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit the Tamarac Theatre of Performing Arts: This is a great place to catch a show or a play. The theatre hosts a variety of performances throughout the year, including musicals, dramas, and comedies.
2. Explore the Tamarac Sports Complex: This is a great place to get some exercise and enjoy the outdoors. The complex features a variety of sports fields, including baseball, soccer, and football fields.
3. Visit the Tamarac Community Center: This is a great place to meet new people and participate in community events. The center hosts a variety of activities throughout the year, including fitness classes, art classes, and social events.
4. Take a walk in the Tamarac Nature Preserve: This is a beautiful park that features walking trails, picnic areas, and a variety of wildlife. It is a great place to relax and enjoy the natural beauty of the area.
Places to See:
1. The Tamarac Art Gallery: This is a great place to see local art and learn about the history of the area. The gallery features a variety of exhibits throughout the year, including paintings, sculptures, and photographs.
2. The Tamarac Farmers Market: This is a great place to buy fresh produce and other local products. The market is open on Saturdays and features a variety of vendors selling everything from fruits and vegetables to handmade crafts.
3. The Tamarac Historical Society Museum: This is a great place to learn about the history of the area. The museum features exhibits on the early settlers of Tamarac, as well as the history of the city itself.
4. The Tamarac Veterans Park: This is a beautiful park that honors the men and women who have served in the military. The park features a variety of memorials and monuments, as well as a walking trail and picnic areas.
Food to Eat:
1. The Tamarac Farmers Market: This is a great place to buy fresh produce and other local products. The market also features a variety of food vendors selling everything from tacos to barbecue.
2. The Tamarac Square West Shopping Center: This shopping center features a variety of restaurants, including Italian, Mexican, and Chinese cuisine.
3. The Tamarac Plaza: This shopping center features a variety of fast food restaurants, including McDonald’s, Burger King, and Subway.
4. The Tamarac Square East Shopping Center: This shopping center features a variety of restaurants, including Japanese, Thai, and American cuisine.
Overall, Tamarac is a great place to visit for those who are looking for a relaxing vacation or a weekend getaway. The city features a variety of activities and attractions, including beautiful parks, great restaurants, and friendly people. Whether you are interested in history, art, or outdoor activities, Tamarac has something for everyone.