Hard Money Commercial Loan Lenders
Hard money commercial financing
is much different than traditional
conforming commercial financing. Hard money commercial loans are usually sought
because a local bank or traditional financing is not going to do the loan for a
variety of reasons. We will look at some of the more common reasons we see
people seeking hard money commercial financing, how it can benefit you if you
fall into one of those situations, and most importantly, how to use
hard money
commercial financing
to make you more money! Many people have been
burned due to bad brokers or bad
commercial hard money lenders
and we
are here to make sure that you don't have the same experience. Due to the high
risks associated with
hard money commercial loans
the costs and fee's
are also higher. It's very important to make sure that you are only paying for
fair prices and fee's. Just because your using hard money doesn't have to mean
you need to be taken advantage of.
WHY DO PEOPLE USE COMMERCIAL HARD MONEY LOANS?
-
LOW FICO SCORES
-
NO PROOF OF INCOME TAX RETURNS
-
SPECIALTY PROPERTY TYPES THAT BANKS WON'T FINANCE
-
NOT ENOUGH FUNDS AVAILABLE TO GET
TRADITIONAL FINANCING
-
NON - PERFORMING PROPERTY TYPE WITH LOW OR
NO DEBT SERVICE COVERAGE
-
PRINCIPLE INEXPERIENCED IN FIELD THEY ARE
MAKING PURCHASE IN
-
NEED FLEXIBLE FINANCING ALTERNATIVES THAT
BANKS WON'T ALLOW
-
WANT TO UTILIZE EQUITY IN PROPERTY INSTEAD
OF PERSONAL STRENGTHS OF PRINCIPLE
-
WANT TO CLOSE TRANSACTION FAR MORE QUICKLY
THAN A BANK WOULD ALLOW FOR
EXAMPLES OF SPECIALTY PROPERTY TYPES
Daycare
Raw Land
Gentlemen's Club
Gas Station
Non Arms Length Transactions
Cash based business
Bar
Medical/Dental Office
|
Church
Restaurant
Bowling Alley
Non-Contiguous Properties
Construction-Rehab Loans
Healthcare
Oil Change Facilities
Automotive Repair
|
As you can see we offer a wide array of
financing to virtually any property type including raw land. We work with
a large network of
hard money commercial lenders
that cover a huge array
of projects, property types, and situations that they specialize in. Through us
you will have access to a lender that will want to fund your project no matter
what the situation is. We are pleased to be able to offer our services in
acquiring the hard money commercial financing you need while also ensuring that
you are getting the lowest possible rates and fees in the market today.
Not all hard
money commercial lenders
are
created equally. There is a huge problem with the
commercial hard money lending
niche today where the lenders or brokers are asking for large due diligence
fees and then not funding the loan and not rebating the funds back to the
client. We only work with upfront and honest
commercial hard money lenders
.
The only fee our client's are required to pay upfront is the cost of their
appraisal. Often lenders require an MAI appraisal in order to ensure they are
getting the best possible value for the property.
Hard Money Commercial Loans
are based on the equity in the project more than anything else so the appraisal
is of prime concern. It is virtually always customary for the borrower to pay
for their own appraisal. Appraisal fee's vary greatly depending on the property
type and complexity required of the appraisal.
BENEFITS OF HARD MONEY COMMERCIAL
LOANS
-
LOANS FROM $500K-NO UPPER LIMIT
-
EXTREMELY FAST CLOSINGS. SOMETIMES IN DAYS.
-
LESS DOCUMENTATION REQUIRED. NORMALLY STATED BUT OCCASIONALLY NO
DOC
-
3, 5, 7, 15 YEAR TERMS
-
INTEREST RESERVES CAN BE FINANCED
-
CREDIT SCORE NOT AN ISSUE
-
INABILITY TO VERIFY INCOME NOT AN ISSUE
Hard Money commercial loans
don't have
to be complicated. We are well versed in the large hard money commercial
funding arena. Our professionals are able to assist our client's in acquiring
and compiling all the needed documentation for your hard money commercial
project.
Now you can see why we are the premier source
for
HARD MONEY COMMERCIAL LOANS
in the U.S. Our commercial
mortgage professionals are prepared to put their years of experience and our
access to these commercial mortgage loans to work for you! Contact US today or
APPLY ONLINE for a same day response and let's start working together to help
your
Hard money Commercial Mortgage
project get funded as quickly as
possible!