Finding the best hard money lenders in Valrico 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 Valrico 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. Valrico private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Valrico 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 Valrico
What Do Valrico Hard Money Lenders Charge?
Hard money loan rates in Valrico range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Valrico also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Valrico Require Appraisals?
With most hard money lenders in Valrico, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Valrico?
Hard money loans in Valrico 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 Valrico Florida
Valrico is a charming suburban town located in Hillsborough County, Florida. It is a great place to visit for those who want to experience the laid-back Florida lifestyle while still being close to all the amenities of a big city. Here is a detailed review of Valrico, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Visit Alafia River State Park: This beautiful park is located just a few miles from Valrico and offers a variety of outdoor activities, including hiking, biking, fishing, and kayaking. The park also has a campground, picnic areas, and a playground for kids.
2. Play Golf at Bloomingdale Golfers Club: This 18-hole golf course is one of the best in the area and offers a challenging yet enjoyable experience for golfers of all skill levels. The course is well-maintained and has beautiful views of the surrounding landscape.
3. Go Shopping at Westfield Brandon Mall: This large shopping mall is located just a few minutes from Valrico and has a wide variety of stores, restaurants, and entertainment options. It is a great place to spend a day shopping, dining, and relaxing.
4. Visit the Florida Aquarium: This world-class aquarium is located in nearby Tampa and is home to thousands of marine animals from around the world. Visitors can see sharks, rays, sea turtles, and many other fascinating creatures up close.
Places to See:
1. Lithia Springs Park: This beautiful park is located just a few miles from Valrico and is a great place to relax and enjoy nature. The park has a natural spring that is perfect for swimming, as well as hiking trails, picnic areas, and a playground.
2. Ybor City: This historic neighborhood in Tampa is known for its vibrant nightlife, delicious food, and rich cultural heritage. Visitors can explore the many shops, restaurants, and bars that line the streets, as well as learn about the area’s history at the Ybor City Museum.
3. Busch Gardens Tampa Bay: This popular theme park is located in Tampa and is home to a variety of thrilling rides, shows, and attractions. Visitors can see exotic animals, ride roller coasters, and enjoy live entertainment throughout the day.
Food to Eat:
1. The Fish House: This seafood restaurant is located in nearby Ruskin and is known for its fresh, locally caught seafood and delicious cocktails. The restaurant has a casual, laid-back atmosphere and is a great place to enjoy a meal with friends or family.
2. The Stein & Vine: This gastropub in Brandon is known for its craft beer selection and delicious food. The menu features a variety of pub favorites, as well as more upscale dishes like steak and seafood.
3. The Brunchery: This popular breakfast spot in Valrico is known for its delicious pancakes, omelets, and other breakfast favorites. The restaurant has a cozy, family-friendly atmosphere and is a great place to start your day.
Overall, Valrico is a great place to visit for those who want to experience the best of Florida’s natural beauty, cultural heritage, and delicious cuisine. Whether you’re looking for outdoor activities, shopping, or dining, there is something for everyone in this charming town.