Finding the best hard money lenders in Winter Haven 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 Winter Haven 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. Winter Haven private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Winter Haven 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 Winter Haven
What Do Winter Haven Hard Money Lenders Charge?
Hard money loan rates in Winter Haven range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Winter Haven also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Winter Haven Require Appraisals?
With most hard money lenders in Winter Haven, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Winter Haven?
Hard money loans in Winter Haven 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 Winter Haven Florida
Winter Haven is a charming city located in Polk County, Florida. It is known for its beautiful lakes, historic downtown, and family-friendly attractions. Here is a detailed review of Winter Haven, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. LEGOLAND Florida Resort: LEGOLAND Florida Resort is a must-visit attraction in Winter Haven. It is a theme park that features over 50 rides, shows, and attractions, all made out of LEGO bricks. The park is perfect for families with young children, as there are plenty of rides and activities for kids of all ages.
2. Chain of Lakes Park: Chain of Lakes Park is a beautiful park located on the shores of Lake Lulu. It is a great place to go for a walk, have a picnic, or go fishing. The park also has a playground, a basketball court, and a boat ramp.
3. Winter Haven Water Sports: Winter Haven Water Sports is a great place to go for water activities like jet skiing, wakeboarding, and tubing. They offer rentals and lessons for all skill levels.
4. Cypress Gardens: Cypress Gardens is a historic botanical garden that was founded in 1936. It is now part of LEGOLAND Florida Resort, but the gardens are still open to the public. The gardens feature beautiful flowers, trees, and water features.
Places to See:
1. Downtown Winter Haven: Downtown Winter Haven is a charming area that is full of shops, restaurants, and historic buildings. It is a great place to go for a walk and explore the city’s history.
2. Lake Howard: Lake Howard is one of the largest lakes in Winter Haven. It is a great place to go for a walk or a bike ride, and there are plenty of places to sit and enjoy the view.
3. Bok Tower Gardens: Bok Tower Gardens is a beautiful botanical garden located in nearby Lake Wales. It features a 205-foot-tall tower that houses a carillon, which plays music throughout the day.
4. Circle B Bar Reserve: Circle B Bar Reserve is a nature reserve located in nearby Lakeland. It is a great place to go for a hike and see wildlife like alligators, birds, and deer.
Food to Eat:
1. Harborside Restaurant: Harborside Restaurant is a seafood restaurant located on the shores of Lake Shipp. They serve fresh seafood, steaks, and pasta dishes, and they have a great view of the lake.
2. Arabellas Italian Ristorante: Arabellas Italian Ristorante is a family-owned Italian restaurant located in downtown Winter Haven. They serve classic Italian dishes like pasta, pizza, and seafood.
3. Nutwood Winery and Restaurant: Nutwood Winery and Restaurant is a winery and restaurant located in nearby Lake Alfred. They serve a variety of wines and food, including cheese plates, sandwiches, and salads.
4. Harry’s Old Place: Harry’s Old Place is a seafood restaurant located in nearby Winter Haven. They serve fresh seafood, steaks, and burgers, and they have a casual atmosphere.
Overall, Winter Haven is a great place to visit for families, nature lovers, and history buffs. With its beautiful lakes, family-friendly attractions, and charming downtown, there is something for everyone to enjoy.