Finding the best hard money lenders in The Villages 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 The Villages 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. The Villages private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in The Villages 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 The Villages
What Do The Villages Hard Money Lenders Charge?
Hard money loan rates in The Villages range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in The Villages also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In The Villages Require Appraisals?
With most hard money lenders in The Villages, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In The Villages?
Hard money loans in The Villages 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 The Villages Florida
The Villages is a sprawling retirement community located in central Florida. It is a unique place that offers a wide range of activities, amenities, and attractions for its residents and visitors. Here is a detailed review of The Villages, covering the best things to do, places to see, food to eat, and more.
Things to Do:
1. Golf: The Villages is known for its golf courses, with over 40 executive and championship courses to choose from. The courses are well-maintained and offer a variety of challenges for golfers of all skill levels.
2. Recreation Centers: The Villages has over 100 recreation centers that offer a variety of activities such as swimming, tennis, pickleball, bocce ball, and more. These centers are a great place to meet new people and stay active.
3. Entertainment: The Villages has a variety of entertainment options, including live music, theater shows, and movie theaters. The town square is a popular spot for live music and dancing.
4. Shopping: The Villages has a variety of shopping options, including boutiques, specialty shops, and larger stores like Target and Walmart.
5. Dining: The Villages has over 100 restaurants, ranging from casual to fine dining. There are also several bars and pubs for those looking for a night out.
Places to See:
1. Lake Sumter Landing: This is one of the town squares in The Villages and is a popular spot for live music, dancing, and dining.
2. Spanish Springs: Another town square in The Villages, Spanish Springs has a variety of shops, restaurants, and entertainment options.
3. The Villages Polo Club: The Villages has its own polo club, which hosts matches and events throughout the year.
4. The Sharon L. Morse Performing Arts Center: This state-of-the-art theater hosts a variety of shows and events throughout the year.
5. The Villages Museum and Historical Society: This museum showcases the history of The Villages and the surrounding area.
Food to Eat:
1. Cane Garden Country Club: This restaurant offers a variety of American and Italian dishes, as well as a great view of the golf course.
2. Lighthouse Point Bar and Grille: This waterfront restaurant offers seafood, burgers, and other American fare.
3. Havana Country Club: This Cuban restaurant offers a variety of authentic dishes, including Cuban sandwiches and empanadas.
4. RedSauce: This Italian restaurant offers classic dishes like spaghetti and meatballs, as well as more modern options like wood-fired pizzas.
5. City Fire American Oven and Bar: This restaurant offers wood-fired pizzas, burgers, and other American fare, as well as a great selection of craft beers.
Overall, The Villages is a unique and vibrant community that offers a wide range of activities, amenities, and attractions. Whether you’re a resident or a visitor, there is always something to do and see in The Villages.