Finding the best hard money lenders in Wellington 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 Wellington 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. Wellington private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Wellington 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 Wellington
What Do Wellington Hard Money Lenders Charge?
Hard money loan rates in Wellington range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Wellington also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Wellington Require Appraisals?
With most hard money lenders in Wellington, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Wellington?
Hard money loans in Wellington 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 Wellington Florida
Wellington, the capital city of New Zealand, is a vibrant and bustling city that offers a wide range of activities and attractions for visitors. From its stunning natural beauty to its rich cultural heritage, Wellington has something for everyone. Here is a detailed review of Wellington, including the best things to do, places to see, food to eat, and more.
Best Things to Do:
1. Visit Te Papa Museum: Te Papa is New Zealand’s national museum and is a must-visit attraction in Wellington. The museum showcases the country’s history, culture, and natural environment through interactive exhibits and displays.
2. Take a Cable Car Ride: The Wellington Cable Car is an iconic attraction that takes visitors from Lambton Quay to the top of Kelburn Hill. The ride offers stunning views of the city and the harbor.
3. Explore Zealandia: Zealandia is a wildlife sanctuary that is home to some of New Zealand’s rarest and most endangered species. Visitors can take a guided tour or explore the sanctuary on their own.
4. Walk along the Waterfront: Wellington’s waterfront is a popular destination for locals and visitors alike. The area is home to a variety of restaurants, cafes, and shops, as well as a beautiful promenade that offers stunning views of the harbor.
5. Visit the Botanic Garden: The Wellington Botanic Garden is a beautiful oasis in the heart of the city. The garden features a wide variety of plants and flowers, as well as several walking trails and picnic areas.
Places to See:
1. Mount Victoria Lookout: Mount Victoria is the highest point in Wellington and offers panoramic views of the city and the harbor. The lookout is a popular spot for tourists and locals alike.
2. Weta Workshop: Weta Workshop is a world-renowned special effects and prop company that has worked on several blockbuster movies, including The Lord of the Rings and The Hobbit. Visitors can take a tour of the workshop and see some of the props and costumes used in the movies.
3. Old St. Paul’s Cathedral: Old St. Paul’s Cathedral is a beautiful historic church that was built in the 19th century. The church features stunning stained glass windows and intricate woodwork.
4. Wellington Zoo: Wellington Zoo is home to over 500 animals from around the world, including lions, tigers, and giraffes. The zoo offers several interactive experiences, including behind-the-scenes tours and animal encounters.
5. Parliament Buildings: The Parliament Buildings are an iconic landmark in Wellington and are home to the country’s government. Visitors can take a guided tour of the buildings and learn about New Zealand’s political history.
Food to Eat:
1. Fish and Chips: Wellington is known for its delicious fish and chips, which can be found at several restaurants and cafes around the city.
2. Craft Beer: Wellington has a thriving craft beer scene, with several breweries and bars offering a wide variety of locally brewed beers.
3. Coffee: New Zealand is known for its excellent coffee, and Wellington is no exception. The city is home to several cafes that serve up delicious coffee and pastries.
4. Kiwi Cuisine: Visitors to Wellington should try some of the country’s traditional dishes, such as meat pies, pavlova, and hokey pokey ice cream.
5. Asian Cuisine: Wellington has a diverse population, and this is reflected in its food scene. Visitors can find a wide variety of Asian cuisine, including sushi, dumplings, and noodles.
Overall, Wellington is a fantastic destination for anyone looking to experience the best of New Zealand’s culture, history, and natural beauty. With so many things to do and see, visitors are sure to have a memorable trip to this vibrant and exciting city.