Purchase

Borrowers interested in purchasing or developing commercial real estate may find that their credit scores, legal issues, lack of capital or the condition of the property itself may prevent normal commercial lenders and commercial banks from funding your deal.

In this case, commercial hard money loans offer a perfect solution. Commercial hard money loans provide the time needed to solve any problems that may exist with the commercial property.  Then allowing you the opportunity to obtain normal conventional commercial financing.

So if you are a first-time commercial investor, or a seasoned commercial investor looking to fund your project quickly with out all the red tape of your bank. Then we have the loan resources and programs need to meet your commercial lending goals. 

LOAN AMOUNT:  $500,000 and up.

BORROWER:  Owner/developer with track record.

LOAN TERM:  1 to 3 years, interest only.

PREPAYMENTS:  Loans may be prepaid at any time, after a possible lockout period, most with no prepayment penalties.

INTEREST RATE:  Rates start at 12%.  Interest is paid monthly on the amount drawn based on the disbursement schedule. 

COLLATERAL:  First mortgage on land, existing structures, and future structures. 

LTV RATIO:  Up to 75% of the as-is value and up to 100% of development costs.  

USE OF LOAN:  Proceeds may be used for construction costs, real estate acquisition and related costs.

ITEMS NEEDED:  Completed loan application, title report, appraisal, project overview, proposed building plans, cost projection for disbursement schedule, exit and re-payment plan, proof of funds for purchase of land and occasionally some other financials.

FEES: Varies from project to project

Start with our easy online loan submission. 

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