Finding the best hard money lenders in Wekiwa 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 Wekiwa 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. Wekiwa Springs private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Wekiwa 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 Wekiwa Springs
What Do Wekiwa Springs Hard Money Lenders Charge?
Hard money loan rates in Wekiwa Springs range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Wekiwa Springs also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Wekiwa Springs Require Appraisals?
With most hard money lenders in Wekiwa Springs, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Wekiwa Springs?
Hard money loans in Wekiwa 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 Wekiwa Springs Florida
Wekiwa Springs is a beautiful natural park located in Apopka, Florida. It is a perfect destination for nature lovers, families, and anyone who wants to escape the hustle and bustle of city life. The park is known for its crystal clear springs, lush greenery, and diverse wildlife. Here is a detailed review of Wekiwa Springs, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Swimming: The main attraction of Wekiwa Springs is its crystal clear water. The water is perfect for swimming, and visitors can enjoy a refreshing dip in the cool water. The swimming area is well-maintained and has lifeguards on duty.
2. Canoeing and Kayaking: Wekiwa Springs is also a popular destination for canoeing and kayaking. Visitors can rent canoes and kayaks from the park and explore the beautiful waterways. The park offers guided tours for those who want to learn more about the area.
3. Hiking: The park has several hiking trails that offer stunning views of the natural beauty of the area. The trails are well-marked and range from easy to moderate difficulty.
4. Camping: Wekiwa Springs has several campsites that are perfect for a weekend getaway. The campsites are well-maintained and offer a peaceful and serene environment.
Places to See:
1. Wekiwa Springs: The main attraction of the park is the Wekiwa Springs. The crystal clear water is a sight to behold, and visitors can spend hours swimming and relaxing in the water.
2. Sand Lake: Sand Lake is a beautiful lake located within the park. It is a popular spot for fishing and boating.
3. Rock Springs Run: Rock Springs Run is a scenic waterway that runs through the park. Visitors can rent canoes and kayaks and explore the beautiful waterway.
4. Wildlife: Wekiwa Springs is home to a diverse range of wildlife, including alligators, turtles, deer, and birds. Visitors can spot these animals while hiking or canoeing.
Food to Eat:
1. Picnic: Wekiwa Springs has several picnic areas that are perfect for a family picnic. Visitors can bring their own food and enjoy a meal in the beautiful surroundings.
2. Wekiva Island: Wekiva Island is a popular restaurant located near the park. It offers a range of delicious food and drinks and is a perfect spot for a post-hike meal.
3. Food Trucks: The park occasionally hosts food trucks that offer a range of delicious food. Visitors can check the park’s website for the schedule of food trucks.
Overall, Wekiwa Springs is a must-visit destination for anyone who loves nature and wants to escape the city. The park offers a range of activities, from swimming and hiking to canoeing and camping. The natural beauty of the area is breathtaking, and visitors can spend hours exploring the park. The food options are limited, but visitors can bring their own food or visit nearby restaurants. Wekiwa Springs is a perfect destination for a day trip or a weekend getaway.