Have you found a deal on commercial real estate too good to pass up? Accumulating top-notch properties is not easy without the right financing. In some cases, you may find a deal on a property and will need capital fast in order to acquire it. Waiting around on a traditional bank loan can mean losing a lucrative deal. Instead of missing out, let Commercial Mortgage Connection provide you with the hard money lending needed to make your purchase quickly.
More Flexible Than a Bank
The big difference between the lenders we use and traditional banks is the amount of flexibility we are able to offer. By using private lenders, we can avoid the red tape common with traditional hard money lending. The underwriting on these loans is simple, which means you don’t have to worry about hidden fees. Our main goal is to supply you with the money you need at a low interest rate.
Hard money lending can be used for refinancing, bank turn-downs, non-recourse and quick closings.
Hard Money and Other Options
Our main goal is to help you secure the financing needed to buy commercial real estate. Having to wait too long for financing can lead to the deal of a lifetime slipping through your fingers. We understand just how time sensitive these matters can be, which is why we work feverishly to get your loan processed and approved rapidly.
There are also many, many cases where a borrower feels they have no alternative but to use a Hard Money Lender. We have extensive relationships with Private Lenders and small regional banks that will see the complete loan. More often than you would think, they will fund your loan, with normal bank rates and terms. However, you'll never know if you don't contact us and let us try.
Taking advantage of hard money lending is ideal for real estate investors for a number of reasons:
We offer hard money loans for amounts ranging from $250,000 to $100,000,000.
Loan to value ratio on our hard money loan is 75%.
Repayment terms can be anywhere from 1 to 3 years.
Our loans only take 2 to 3 weeks to close.
There is no prepayment penalty on our hard money loans.
These loans can be used for all property types.
Rates start at 6%.