Finding the best hard money lenders in Tavares 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 Tavares 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. Tavares private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Tavares 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 Tavares
What Do Tavares Hard Money Lenders Charge?
Hard money loan rates in Tavares range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Tavares also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Tavares Require Appraisals?
With most hard money lenders in Tavares, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Tavares?
Hard money loans in Tavares 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 Tavares Florida
Tavares, Florida is a charming city located in Lake County, known for its beautiful lakes and outdoor activities. Here is a detailed review of Tavares, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit Wooton Park: Wooton Park is a beautiful park located on the shores of Lake Dora. It features a playground, picnic areas, a splash pad, and a boardwalk. You can also rent a boat or take a scenic boat tour of the lake.
2. Take a Seaplane Tour: Tavares is known as the “Seaplane City” and offers seaplane tours of the area. You can take a tour of the lakes and see the beautiful scenery from above.
3. Explore the Lake County Historical Museum: The Lake County Historical Museum is located in the historic courthouse in downtown Tavares. It features exhibits on the history of Lake County and Tavares.
4. Go Fishing: Tavares is known for its great fishing opportunities. You can fish in Lake Dora, Lake Eustis, and Lake Harris for bass, crappie, and catfish.
5. Attend a Festival: Tavares hosts several festivals throughout the year, including the Seaplane Fly-In, the Dragon Boat Festival, and the Christmas Boat Parade.
Places to See:
1. Mount Dora: Mount Dora is a nearby city known for its charming downtown area and antique shops. It’s a great place to spend a day exploring.
2. The Villages: The Villages is a retirement community located about 30 minutes from Tavares. It’s a unique place to visit and see how retirees live in Florida.
3. Silver Springs State Park: Silver Springs State Park is located about an hour from Tavares and features crystal clear springs, a glass-bottom boat tour, and hiking trails.
4. Ocala National Forest: Ocala National Forest is located about an hour from Tavares and is a great place to go hiking, camping, and fishing.
5. Kennedy Space Center: Kennedy Space Center is located about two hours from Tavares and is a must-see for space enthusiasts.
Food to Eat:
1. Fish Camp Lake Eustis: Fish Camp Lake Eustis is a popular seafood restaurant located on the shores of Lake Eustis. They serve fresh seafood and have a great outdoor seating area.
2. Ruby Street Grille: Ruby Street Grille is a casual restaurant located in downtown Tavares. They serve burgers, sandwiches, and salads.
3. Puddle Jumpers: Puddle Jumpers is a waterfront restaurant located on Lake Harris. They serve seafood, burgers, and salads.
4. The Goblin Market: The Goblin Market is a fine dining restaurant located in Mount Dora. They serve creative dishes made with fresh, local ingredients.
5. Yalaha Bakery: Yalaha Bakery is a German bakery located in nearby Yalaha. They serve fresh bread, pastries, and coffee.
Overall, Tavares is a great place to visit for outdoor activities, history, and good food. Whether you’re looking to go fishing, take a seaplane tour, or explore the local history, Tavares has something for everyone.