Finding the best hard money lenders in Venice 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 Venice 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. Venice private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Venice 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 Venice
What Do Venice Hard Money Lenders Charge?
Hard money loan rates in Venice range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Venice also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Venice Require Appraisals?
With most hard money lenders in Venice, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Venice?
Hard money loans in Venice 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 Venice Florida
Venice is a city that is truly unique in the world. It is a city built on water, with canals instead of roads, and gondolas instead of cars. The city is known for its stunning architecture, rich history, and delicious food. Here is a detailed review of Venice, including the best things to do, places to see, food to eat, and more.
Best Things to Do:
1. Take a Gondola Ride: A gondola ride is a must-do activity in Venice. It is a romantic and peaceful way to explore the city’s canals and see the beautiful architecture from a different perspective.
2. Visit St. Mark’s Basilica: St. Mark’s Basilica is one of the most famous landmarks in Venice. It is a stunning example of Byzantine architecture and is home to many beautiful mosaics and artworks.
3. Explore the Grand Canal: The Grand Canal is the main waterway in Venice and is lined with beautiful buildings and palaces. Taking a water taxi or vaporetto (water bus) along the canal is a great way to see the city.
4. Visit the Doge’s Palace: The Doge’s Palace is a beautiful Gothic building that was once the residence of the Doge of Venice. It is now a museum and is home to many important artworks and historical artifacts.
5. Take a Walking Tour: Venice is a city that is best explored on foot. Taking a walking tour with a local guide is a great way to learn about the city’s history and culture.
Places to See:
1. Rialto Bridge: The Rialto Bridge is one of the most famous bridges in Venice. It is a beautiful stone bridge that spans the Grand Canal and is lined with shops and restaurants.
2. Piazza San Marco: Piazza San Marco is the main square in Venice and is home to many important landmarks, including St. Mark’s Basilica and the Doge’s Palace.
3. Murano Island: Murano Island is known for its glass-making industry. Visitors can watch glassblowers at work and purchase beautiful glassware.
4. Burano Island: Burano Island is known for its colorful houses and lace-making industry. It is a picturesque island that is perfect for a day trip.
5. Peggy Guggenheim Collection: The Peggy Guggenheim Collection is a modern art museum that is housed in a beautiful palazzo on the Grand Canal. It is home to many important works by artists such as Jackson Pollock and Salvador Dali.
Food to Eat:
1. Cicchetti: Cicchetti are small plates of food that are similar to Spanish tapas. They are a great way to sample a variety of Venetian dishes.
2. Seafood: Venice is known for its seafood, and there are many restaurants that serve fresh fish and shellfish.
3. Risotto: Risotto is a traditional Venetian dish that is made with rice, broth, and other ingredients such as seafood or mushrooms.
4. Gelato: Gelato is a must-try dessert in Venice. There are many gelaterias throughout the city that serve delicious flavors such as pistachio and stracciatella.
5. Spritz: Spritz is a popular Venetian cocktail that is made with Aperol, Prosecco, and soda water. It is a refreshing drink that is perfect for a hot day.
Overall, Venice is a city that is full of history, culture, and beauty. It is a city that is best explored on foot and by water, and there are many things to see and do. Whether you are interested in art, architecture, or food, Venice has something to offer everyone.