Finding the best hard money lenders in Tarpon Springs 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 Tarpon Springs 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. Tarpon Springs private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Tarpon Springs 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 Tarpon Springs
What Do Tarpon Springs Hard Money Lenders Charge?
Hard money loan rates in Tarpon Springs range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Tarpon Springs also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Tarpon Springs Require Appraisals?
With most hard money lenders in Tarpon Springs, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Tarpon Springs?
Hard money loans in Tarpon Springs 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 Tarpon Springs Florida
Tarpon Springs is a charming city located in Pinellas County, Florida. Known for its rich Greek heritage, this city is a popular tourist destination that offers a unique blend of history, culture, and natural beauty. Here is a detailed review of Tarpon Springs, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Take a Boat Tour: One of the best ways to explore Tarpon Springs is by taking a boat tour. You can choose from a variety of options, including dolphin watching tours, sunset cruises, and eco-tours. These tours offer stunning views of the Gulf of Mexico and the Anclote River, and you may even spot some manatees or sea turtles along the way.
2. Visit the Sponge Docks: The Sponge Docks are the heart of Tarpon Springs and are a must-visit attraction. Here, you can learn about the city’s sponge diving history and watch sponge fishermen at work. You can also shop for souvenirs, dine at Greek restaurants, and enjoy live music.
3. Explore the Historic District: Tarpon Springs has a rich history, and you can explore it by visiting the city’s historic district. Here, you’ll find beautiful Victorian homes, museums, and art galleries. You can also take a walking tour to learn about the city’s past.
4. Go to the Beach: Tarpon Springs is home to some of the most beautiful beaches in Florida. You can spend a day soaking up the sun, swimming in the clear waters, and enjoying water sports like kayaking and paddleboarding.
Places to See:
1. St. Nicholas Greek Orthodox Cathedral: This stunning cathedral is a must-see attraction in Tarpon Springs. It is the largest Greek Orthodox church in the United States and features beautiful Byzantine architecture and intricate mosaics.
2. Tarpon Springs Aquarium: The Tarpon Springs Aquarium is a great place to learn about the marine life that inhabits the Gulf of Mexico. You can see a variety of fish, sharks, and other sea creatures up close and even touch some of them.
3. Fred Howard Park: This beautiful park is located on the Gulf of Mexico and offers stunning views of the water. You can hike, bike, or picnic in the park, or simply relax on the beach.
4. Tarpon Springs Heritage Museum: This museum is dedicated to preserving the history of Tarpon Springs. It features exhibits on the city’s sponge diving industry, Greek heritage, and more.
Food to Eat:
1. Greek Cuisine: Tarpon Springs is known for its delicious Greek cuisine, and there are plenty of restaurants to choose from. Some of the must-try dishes include gyros, spanakopita, and baklava.
2. Seafood: With its location on the Gulf of Mexico, Tarpon Springs is also known for its fresh seafood. You can enjoy dishes like grilled grouper, shrimp scampi, and seafood paella at many of the city’s restaurants.
3. Cuban Cuisine: Tarpon Springs has a large Cuban population, and you can find some delicious Cuban food in the city. Some of the must-try dishes include Cuban sandwiches, black beans and rice, and plantains.
4. Bakeries: Tarpon Springs is home to some amazing bakeries that offer delicious pastries and desserts. Be sure to try the Greek pastries like baklava and kataifi, as well as the Cuban pastries like guava pastries and empanadas.
Overall, Tarpon Springs is a wonderful destination that offers something for everyone. Whether you’re interested in history, culture, or outdoor activities, you’ll find plenty to do and see in this charming city. And with its delicious food and beautiful beaches, it’s the perfect place for a relaxing vacation.