Finding the best hard money lenders in Tampa 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 Tampa 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. Tampa private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Tampa 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.
DKC Lending
DKC Lending offers hard money lending services to real estate investors. They provide borrowers with personalized loan origination services and funding. DKC Lending also offers loan servicing for mortgage investors.
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.
FAQ about the Best Hard Money Loans in Tampa
What Do Tampa Hard Money Lenders Charge?
Hard money loan rates in Tampa range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Tampa also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Tampa Require Appraisals?
With most hard money lenders in Tampa, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Tampa?
Hard money loans in Tampa 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 Tampa Florida
Tampa, Florida is a vibrant city located on the west coast of Florida. It is known for its beautiful beaches, warm weather, and diverse culture. There are plenty of things to do and see in Tampa, making it a great destination for tourists and locals alike.
One of the best things to do in Tampa is to visit the Busch Gardens theme park. This park is home to some of the most thrilling roller coasters in the country, as well as a variety of animal exhibits. Visitors can see everything from tigers and lions to giraffes and elephants. The park also has a water park, making it a great place to cool off on a hot day.
Another popular attraction in Tampa is the Florida Aquarium. This aquarium is home to a variety of marine life, including sharks, sea turtles, and stingrays. Visitors can also take a behind-the-scenes tour to learn more about the aquarium’s conservation efforts.
For those who love the outdoors, Tampa has plenty of parks and beaches to explore. One of the most popular beaches is Clearwater Beach, which is known for its white sand and clear water. Other great beaches in the area include St. Pete Beach and Honeymoon Island State Park.
When it comes to food, Tampa has a diverse culinary scene. One of the most popular dishes in the area is the Cuban sandwich, which is made with ham, roasted pork, Swiss cheese, pickles, and mustard. Another local favorite is grouper, which is a type of fish that is often served fried or grilled.
In addition to its attractions and food, Tampa is also home to a variety of cultural events and festivals. One of the most popular events is the Gasparilla Pirate Festival, which takes place every January. This festival includes a parade, live music, and plenty of pirate-themed activities.
Overall, Tampa is a great destination for anyone looking for a fun and exciting vacation. With its theme parks, beaches, and cultural events, there is something for everyone to enjoy.