Finding the best hard money lenders in Westchase 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 Westchase 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. Westchase private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Westchase 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 Westchase
What Do Westchase Hard Money Lenders Charge?
Hard money loan rates in Westchase range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Westchase also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Westchase Require Appraisals?
With most hard money lenders in Westchase, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Westchase?
Hard money loans in Westchase 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 Westchase Florida
Westchase, Florida is a beautiful and vibrant community located in Hillsborough County. It is a great place to live, work, and play. The community is known for its beautiful homes, excellent schools, and numerous amenities. Here is a detailed review of Westchase, Florida.
Things to Do:
Westchase is home to many parks and recreational areas. The Westchase Golf Club is a popular destination for golf enthusiasts. The club features an 18-hole championship golf course, a driving range, and a pro shop. The Westchase Swim and Tennis Center is another popular destination for residents. The center features a large swimming pool, tennis courts, and a fitness center.
Places to See:
Westchase is home to many beautiful parks and natural areas. The Upper Tampa Bay Trail is a popular destination for hikers, bikers, and joggers. The trail runs for 7.25 miles and offers beautiful views of the surrounding area. The Westchase Town Center is another popular destination for residents. The center features many shops, restaurants, and entertainment options.
Food to Eat:
Westchase is home to many excellent restaurants. The Westchase Grille is a popular destination for residents. The restaurant features a diverse menu of American cuisine, including burgers, sandwiches, and salads. The Grille also features a full bar and outdoor seating. Another popular restaurant in Westchase is the Thai Thani Restaurant. The restaurant features authentic Thai cuisine, including curries, noodles, and stir-fries.
Real Estate:
Westchase is known for its beautiful homes and excellent schools. The community features many different types of homes, including single-family homes, townhomes, and condos. The median home price in Westchase is around $400,000. The community is also home to many excellent schools, including Westchase Elementary School, Davidsen Middle School, and Alonso High School.
Overall, Westchase, Florida is a great place to live, work, and play. The community offers many amenities, including parks, recreational areas, and excellent schools. The community is also home to many excellent restaurants and shops. If you are looking for a great place to call home, Westchase is definitely worth considering.