Finding the best hard money lenders in Winter Springs 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 Springs 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 Springs private money lenders can give you the financing you need to secure your deal.
Top 5 Best Hard Money Lenders in Winter Springs 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 Springs
What Do Winter Springs Hard Money Lenders Charge?
Hard money loan rates in Winter Springs range from 8-12% for most fix and flip and shorter term loans. Many hard money lenders in Winter Springs also charge points or origination fees on a loan that range from 1-2.
Do Hard Money Lenders In Winter Springs Require Appraisals?
With most hard money lenders in Winter Springs, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What Are Hard Money Loans In Winter Springs?
Hard money loans in Winter Springs 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 Springs Florida
Winter Springs is a charming city located in Seminole County, Florida. It is a great place to visit for those who love nature, outdoor activities, and a laid-back atmosphere. Here is a detailed review of Winter Springs, including the best things to do, places to see, food to eat, and more.
Things to Do:
1. Central Winds Park: This park is a great place to spend a day with family and friends. It has a playground, picnic areas, sports fields, and a beautiful lake where you can go fishing or kayaking.
2. Trotwood Park: This park is perfect for those who love hiking and biking. It has several trails that offer stunning views of the surrounding nature.
3. Winter Springs Farmers Market: This market is held every Saturday and offers a wide variety of fresh produce, baked goods, and handmade crafts.
4. Tuscawilla Country Club: This golf course is one of the best in the area and offers a challenging yet enjoyable experience for golfers of all levels.
5. Winter Springs Art Festival: This annual event showcases the work of local artists and features live music, food vendors, and children’s activities.
Places to See:
1. Black Hammock Adventures: This attraction offers airboat rides, alligator shows, and a restaurant with a beautiful view of Lake Jesup.
2. Seminole County Public Library: This library is a great place to relax and read a book. It also hosts various events and workshops throughout the year.
3. Cross Seminole Trail: This trail is perfect for those who love biking or walking. It offers stunning views of the surrounding nature and connects several parks and neighborhoods in the area.
4. Lake Jesup Conservation Area: This conservation area is home to a wide variety of wildlife, including alligators, eagles, and otters. It is a great place to go hiking or birdwatching.
5. Oviedo Mall: This mall offers a wide variety of shops, restaurants, and entertainment options, including a movie theater and an arcade.
Food to Eat:
1. The Townhouse Restaurant: This restaurant offers delicious American cuisine, including burgers, sandwiches, and salads. It also has a great selection of craft beers and cocktails.
2. Thai Basil: This restaurant offers authentic Thai cuisine, including curries, stir-fries, and noodle dishes. It also has vegetarian and gluten-free options.
3. The Vineyard Wine Company: This restaurant offers a great selection of wines and small plates, including cheese boards, charcuterie, and flatbreads.
4. Tijuana Flats: This restaurant offers delicious Tex-Mex cuisine, including tacos, burritos, and nachos. It also has vegetarian and vegan options.
5. The Bagel King: This restaurant offers delicious bagels, sandwiches, and pastries. It also has a great selection of coffee and tea.
Overall, Winter Springs is a great place to visit for those who love nature, outdoor activities, and a laid-back atmosphere. With its beautiful parks, stunning trails, and delicious restaurants, there is something for everyone in this charming city.