Finding the best hard money lenders in West Melbourne 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 West Melbourne 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. West Melbourne private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in West Melbourne 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 West Melbourne
What Do West Melbourne Hard Money Lenders Charge?
Hard money loan rates in West Melbourne range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in West Melbourne also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In West Melbourne Require Appraisals?
With most hard money lenders in West Melbourne, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In West Melbourne?
Hard money loans in West Melbourne 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 West Melbourne Florida
West Melbourne is a vibrant and bustling city located in the heart of Florida. It is a popular tourist destination that offers a wide range of activities and attractions for visitors of all ages. From its beautiful beaches to its world-class museums, West Melbourne has something for everyone.
One of the best things to do in West Melbourne is to visit the Brevard Zoo. This zoo is home to over 900 animals from around the world, including giraffes, rhinos, and kangaroos. Visitors can also take a kayak tour of the zoo’s wetlands or go on a zip line adventure through the treetops.
Another popular attraction in West Melbourne is the Melbourne Beach Pier. This pier offers stunning views of the Atlantic Ocean and is a great place to go fishing or take a leisurely stroll. Visitors can also enjoy a meal at one of the many restaurants located on the pier.
For those who love history, the Historic Rossetter House Museum and Gardens is a must-see. This museum is housed in a beautifully restored Victorian home and offers a glimpse into the lives of the Rossetter family, who were early settlers in the area. The museum also features a lovely garden that is perfect for a relaxing stroll.
When it comes to food, West Melbourne has plenty of options to choose from. One of the most popular restaurants in the area is the Chart House. This restaurant offers stunning views of the Indian River and serves up delicious seafood dishes. Another great option is the Yellow Dog Cafe, which offers a wide range of American and international cuisine.
Overall, West Melbourne is a fantastic destination for anyone looking for a fun and exciting vacation. With its beautiful beaches, world-class museums, and delicious food, there is something for everyone to enjoy.