Commercial Property Loans
Do you own a commercial property or looking to buy a new one? Maybe your company is losing money or your credit is poor?
You can still obtain a commercial loan from a hard money lender.
Hard money lenders make the riskier commercial loans, many times the deals traditional banks won’t touch. As a result, hard money commercial loans can be more expensive than bank loans. Where a bank might finance a commercial property at 7.5% and one point, the typical hard money commercial lender will charge in the neighborhood of 11% to 13% and four points. We are typically far less expensive than other hard money lenders.
Hard money commercial lenders look primarily to the property as their source of repayment. If the borrower doesn’t make his payments, the hard money lender will simply foreclose and sell the collateral.
The typical hard money commercial loan is a short term loan. One year hard money loans are common, but you may be able to get a loan term for up to three years.
We offer the following commercial mortgage types: (NEED TO DISCUSS)
- Commercial Loans to 75% loan to value.
- Private Loan Cash Out Loans to 70% loan to value.
- Rehab Loans to 75% loan to value
Why should work with us on your commercial property loan?
SPEED – You can expect a term sheet in 24-48 hours and a commercial loan commitment within one week of submission of a complete loan package.
FLEXIBILITY – In some cases we will accept recommendations from you on an appraiser you want us to use. We may use them if they meet our guidelines.
PRICING – We offer some of the most aggressive wholesale rates in the industry.