Finding the best hard money lenders in Winter Park 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 Park 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 Park private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Winter Park 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 Park
What Do Winter Park Hard Money Lenders Charge?
Hard money loan rates in Winter Park range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Winter Park also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Winter Park Require Appraisals?
With most hard money lenders in Winter Park, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Winter Park?
Hard money loans in Winter Park 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 Park Florida
Winter Park is a charming town located in the heart of Central Florida. It is known for its beautiful parks, scenic lakes, and vibrant cultural scene. Whether you are a local or a tourist, there are plenty of things to do and see in Winter Park.
One of the best things to do in Winter Park is to visit the Charles Hosmer Morse Museum of American Art. This museum is home to the largest collection of works by Louis Comfort Tiffany, including stained glass windows, lamps, and jewelry. The museum also features other American art from the late 19th and early 20th centuries.
Another must-see attraction in Winter Park is the Scenic Boat Tour. This hour-long tour takes you through the Winter Park chain of lakes, where you can see beautiful homes, wildlife, and lush vegetation. The tour guides are knowledgeable and entertaining, making this a fun and educational experience for all ages.
If you are looking for outdoor activities, Winter Park has plenty of options. The Mead Botanical Garden is a peaceful oasis in the heart of the city, with walking trails, gardens, and a butterfly garden. The Winter Park Farmers’ Market is also a popular destination, with fresh produce, artisanal foods, and handmade crafts.
When it comes to food, Winter Park has a diverse culinary scene. For breakfast, the Briarpatch Restaurant is a local favorite, with delicious pancakes, omelets, and breakfast sandwiches. For lunch or dinner, the Ravenous Pig is a must-visit, with a menu of creative and flavorful dishes made with locally sourced ingredients. For dessert, the Gelato Fiasco is a popular spot, with a variety of gelato flavors and toppings.
In addition to these attractions, Winter Park also has a thriving arts and culture scene. The Winter Park Playhouse is a professional musical theater company that produces Broadway-style shows throughout the year. The Albin Polasek Museum and Sculpture Gardens is another cultural gem, with a collection of sculptures and paintings by the Czech-American artist.
Overall, Winter Park is a charming and vibrant town with something for everyone. Whether you are interested in art, nature, food, or culture, you will find plenty to enjoy in this Central Florida gem.