Commercial Hard Money Loans
Our Commercial Hard Money Loans fund fast for real estate investors and builders. Because we are one of the top Commercial Hard Money Lenders in the Western U.S., we specialize in fast funding to take advantage of real estate investment opportunities and time sensitive.
Partner with a Trusted Commercial Hard Money Lender
We are a solid debt partner for you because we provide fast, hassle free commercial hard money loans. Our team truly cares about your unique goals and situations, and we will help you determine if our commercial hard money loans are right for your financing strategy.
Hard Money Loans for Diverse Property Types
From commercial industrial to mixed use commercial, our commercial hard money loans cover a wide range of commercial property types to support your real estate investments.
The Function of Hard Money Loans in Commercial Real Estate
Commercial Hard Money Loans are the “go-to” source for fast funding commercial real estate transactions. We blow past the slow approval process of conventional lenders to offer fast approvals and fundings. This financing solution is particularly valuable for projects requiring quick closes, such as auction properties or distressed sales that may not qualify for traditional loans.
Speed of Acquisition with Hard Money Loans
The primary feature of Commercial Hard Money Loans is fast funding. For real estate investors who identify a good real estate opportunity, these loans can be approved quickly in a fraction of the time it takes to get a traditional loan. This is key in a competitive commercial real estate market where timing to fund is critical.
Flexibility of Commercial Hard Money Lending
Commercial Hard Money Loans offer flexibility in loan terms, which allows real estate investors to be more creative.
Asset-Based Lending for Maximum Flexibility
Leverage the value of your real estate assets with loans that prioritize property value over borrower credit score.
Easy Applications, Fast Fundings
We focus on speed of approval, so we give you a quick yes or no answer.
Hard Money Loan Application for Real Estate Investors
Our hard money loan application process is designed to save commercial real estate investors time. Designed for ease and efficiency, this process exemplifies how we stand out as a commercial hard money lender.
Fast Pre-Approval for Commercial Hard Money
Purchase your commercial properties faster with our fast pre-approval process for hard money loans. In a competitive commercial real estate market, you need to know if you’re approved before you get a property under contract. We also do refinances of commercial loans. Read more about our commercial bridge loans here.
Fast and Efficient Underwriting by Hard Money Lenders
We underwrite all of our loans with utmost speed and efficiency due to our expertise as commercial hard money lenders. We strive to be able to offer faster turnaround times as compared with other commercial hard money lenders. Our commercial hard money loans and commercial bridge loans help you access the funds you need for real estate investments.
Direct Lending Advantage in Commercial Hard Money
Because we are both a direct lender and a private money broker, we not only have access to our own capital but we also have strong relationships with other commercial hard money lenders. This unique approach to getting deals funded provides you with the most loan options possible.
Our Hard Money Commercial Loans Fund Fast
As seasoned hard money lenders, we understand the need for speed in the commercial real estate, and residential real estate sectors. Our fast loan funding process is designed to meet the demands of a fast moving real estate market. If you don’t act quickly, sometimes an opportunity is missed. This is where our fast funding, commercial hard money loans excel as compared to our competitors.
Fast Funding
In the game of real estate, time is of essence, and we know that. We can close loans in as little as 2-3 days! Yes, we can.
Licensed and Accredited
We are a reputable source of private money loans. We are accredited by Better Business Bureau and are a licensed mortgage entity.
Borrowers Are First
We put our borrowers needs first to provide the right type of loan, at the right time.
Commercial Hard Money Loans
Frequently Asked Questions
A commercial hard money, business loan is a short-term loan where the primary collateral for the loan is real estate. This type of loan is sometimes used by business owners that need quick financing and cannot get traditional bank loans. Or for situations where a business owner has a need for speed to fund quickly. Commercial bridge loans are also used to purchase, refinance, and renovate commercial properties.
Common loan terms in commercial asset based lending include higher interest rates, starting at 10% and higher. And also higher loan fees from 2% to 4%, as compared with loans from banks, credit unions, and traditional mortgage companies with loan fees of 1% to 2%. Commercial hard money loans also come with short periods for repayment of usually between 1 – 5 years. And commercial asset based loans often do not require a minimum credit score and may have less documentation requirements as compared with loans from traditional sources.
Interest rates for commercial hard money loans are generally higher than traditional loans from banks, credit unions, and traditional mortgage companies, often ranging from as low as 8% to as high as 18%, depending on various factors or the lender.
Credit score has less importance in the approval of commercial hard money loans. And many commercial hard money lenders do not have a minimum credit score requirement
These loans typically do not affect borrowers credit scores because many commercial hard money lenders do not report to the credit bureaus. However, loan defaults, or late payments can lead to foreclosure on the property or properties being used as collateral for the loan.
Yes, because commercial hard money loans are transitional loans, meant for the short-term usually 1-3 years, borrowers will often try to refinance quickly with long-term, lower interest rate loans.
Commercial Hard Money Loans are typically faster to fund, they don’t come with minimum credit score requirements, they have lower documentation requirements, they have higher interest rates and fees, they come with shorter loan terms, and they rely more on property value than on borrower creditworthiness.
Not exactly, but commercial hard money loans are often treated similarly to cash in real estate property purchases due to their fast approvals and funding as compared with traditional loans.
Commercial hard money loans are typically interest-only payment loans, no principal payments, and often come with a balloon payment at the end of the loan term
The term “hard” money refers to the “hard” asset (real estate) used as collateral for the loan.
Commercial hard money lenders often use informal value opinions, or brokers price opinions, in lieu of using appraisals to determine the property value. When determining the After Repair Value (ARV) of a property on value add loans, commercial hard money lenders will most often use appraisals, particularly on larger sized loans. This is because on value add projects where renovations are made, or additions are added to a property, the expertise of an appraiser is often required.
Commercial hard money loans include commercial bridge loans, apartment complex loans, multifamily loans, construction loans, land loans, rental property renovation loans, rehab loans, and fix and flip loans.
The primary advantages of using a commercial hard money loan versus a loan from a bank, credit union, or mortgage company are:
– Faster approval and funding times with lower documentation requirements.
-Shorter loan terms with no prepayment penalty
-Less emphasis placed on borrower credit history
-Harder to fund projects that might not qualify for traditional loans are able to get approved and funded.
Every lender has a different Loan-to-Value (LTV) requirement. This is the loan amount divided by the property value. Usually the higher the loan amount as compared to the value, the higher the interest rate will be on the loan. And the lower the loan amount as compared to the value, the lower the interest rate.
Yes, commercial hard money loan interest rates are annualized rates, in other words are calculated on an annual basis.
Bridge loans are a type of commercial hard money loan used for short-term purposes such as for real estate acquisitions, short-term cash out needs, and all cash purchases where a fast close is needed. These are just a few examples of how commercial bridge loans are used.
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