Finding the best hard money lenders in Tamiami 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 Tamiami 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. Tamiami private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Tamiami 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 Tamiami
What Do Tamiami Hard Money Lenders Charge?
Hard money loan rates in Tamiami range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Tamiami also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Tamiami Require Appraisals?
With most hard money lenders in Tamiami, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Tamiami?
Hard money loans in Tamiami 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 Tamiami Florida
Tamiami, also known as Tamiami Trail, is a scenic highway that runs through the heart of the Everglades in Florida. It is a popular destination for tourists and locals alike, offering a wide range of activities and attractions. Here is a detailed review of Tamiami, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Airboat Tours: One of the most popular activities in Tamiami is taking an airboat tour through the Everglades. These tours offer a unique perspective of the wetlands and allow visitors to see alligators, birds, and other wildlife up close.
2. Hiking: Tamiami offers several hiking trails that allow visitors to explore the natural beauty of the Everglades. The Anhinga Trail is a popular choice, as it offers a boardwalk that takes visitors through the heart of the wetlands.
3. Fishing: Tamiami is a great place to go fishing, with several lakes and rivers in the area. Visitors can catch a variety of fish, including bass, catfish, and bluegill.
4. Wildlife Viewing: Tamiami is home to a variety of wildlife, including alligators, panthers, and birds. Visitors can take a guided tour or explore on their own to see these animals in their natural habitat.
Places to See:
1. Shark Valley: Shark Valley is a popular destination in Tamiami, offering a 15-mile loop trail that takes visitors through the heart of the Everglades. Visitors can see alligators, birds, and other wildlife along the way.
2. Big Cypress National Preserve: The Big Cypress National Preserve is a vast wilderness area that offers visitors a chance to explore the natural beauty of the Everglades. Visitors can hike, bike, or take a guided tour through the preserve.
3. Miccosukee Indian Village: The Miccosukee Indian Village is a cultural attraction that offers visitors a chance to learn about the history and traditions of the Miccosukee tribe. Visitors can see traditional crafts, watch a live alligator show, and sample traditional foods.
Food to Eat:
1. Stone Crab: Tamiami is known for its stone crab, which is a local delicacy. Visitors can try this delicious seafood at several restaurants in the area.
2. Key Lime Pie: Key Lime Pie is a classic dessert in Florida, and Tamiami is no exception. Visitors can try this sweet treat at several restaurants in the area.
3. Alligator: For the more adventurous eaters, alligator is a popular dish in Tamiami. Visitors can try this unique meat at several restaurants in the area.
Overall, Tamiami is a great destination for anyone looking to explore the natural beauty of the Everglades. With a variety of activities, attractions, and delicious food, there is something for everyone in Tamiami.