Palm Beach Hard Money Lender – BridgeWell Capital
Securing loan for a residential investment property in Palm Beach is a great way to leverage your business and your ability to generate profit. You could get a loan from a bank, as long as your credit is perfect and you don’t mind dealing with excessive paperwork and strict underwriting requirements. But there’s an easier, more efficient way than that.
What Sets Us Apart From Conventional Banks
BridgeWell Capital offers hard money loans for investors with poor credit, who are self-employed and have a foreclosure history. We approve hard money loans based on your ability to be successful, which, for the most part, has to do with the property you want to finance.
As an example, a single family detached home built 5 or 10 years ago, built in an established subdivision, in a neighborhood with good appreciation prospects, near high-graded schools and amenities is very likely to be approved. There’s a higher chance you will quickly make a profit from this investment. An up-to-date list of investment properties in Palm Beach is available at Zillow.com.
Unique Hard Money Loan Terms & Services
Most hard money lenders in Palm Beach offer interest rates ranging from 12% to 18% APR over 6 to 12 months. At BridgeWell Capital, our loans start at 10.99% APR, for up to 36 months and there are additional options to renew or refinance your loan to a lower interest rate at the end of the term.
In addition, our hard money loans can cover up to 85% of the purchase price of the property and 100% of the repairs. The exact loan amount will be quoted up-front, once the property value and the repairs have been determined.
For more information about our terms and services we offer, call us today at 561-800-4088, or see our loan programs overview page.
Hard Money Loan Requirements in Palm Beach
It’s easy to qualify for a hard money loan with BridgeWell Capital. However, there are a few guidelines to keep in mind:
- We lend specifically in Palm Beach (lending in Ft. Lauderdale and Miami is not currently available)
- We lend on single family detached residential investments
- We lend on properties in established, conforming-zoning subdivisions.
- We do not lend on mobile or manufactured houses.
- Our minimum loan amount is $75,000
That’s it! If you have any questions about our loan approvals, call us at 561-800-4088. Otherwise, you can start by submitting a free, non-obligation funding request online.