Commercial Programs

In private commercial lending, the decision is based on the “commercial asset” as opposed to relying specifically on a borrowers credit, financials, etc… By relying on the asset, private lenders are able to fund transactions that might not fit traditional lending guidelines.  This allows us to provide honest answers quickly without the thousands in out of pocket expenses typically required. 

A commercial private money loan is a good alternative to traditional bank financing. This alternative financing can be very beneficial to the borrower in many circumstances. Below are just a few of the reasons that a  commercial private money loan may be appropriate for you.

 

When is a Commercial Private Money loan appropriate?

  • You need a loan quickly and can’t wait the 3 to 6 months for a traditional bank loan

  • You need a “bridge Loan”

  • You do not qualify for traditional financing for whatever reason (income, tax returns, unique property, etc..)

  • Transaction not standard and therefore falls out of traditional lending parameters

  • Your credit is impaired

  • Although you may have ample equity, you or your property has liens, judgments, unpaid bills, etc. that cash is needed to resolve

  • You have ample equity in your property and need cash

  • You need business working capital (see why private money is cheaper than factoring)

  • Your property is occupied by your business, and your financials don’t tell the full story

  • You need a loan without the documentation requirements of a bank (stated loan)

  • You are trying to avoid foreclosure and restructure your debt

  • You are a foreign national

  • You need a complex loan with multiple pieces of collateral

  • You need a creative solution to a loan that doesn’t fit other lenders

Multi-Unit Program                                                  

    1-8 Units

    2 and 4 Year Balloon Option
    75% Loan To Appraised Value

    Loan Amounts:  $150,000-$2,000,000
    500 Minimum FICO

   14 Day Close 

    Low documentation.

    Low up front points.

    Simple application process.


 

Construction Program                                                  

    100% Land Ownership/

    Unencumbered            

    Loan Amounts:  $100,000+
    100% Loan To Appraised Value
    No Minimum FICO

    14 Day Close

    5 Year Interest Only Baloon

    Low up front points.

    Simple application process.


 

Mixed Use Program                                                  

    8 Units+

    Warehouse/Auto Shop/Medical
    75% Loan To Appraised Value
    650 Minimum FICO

    Loan Amounts:  $200,000-$10,000,000

    Low documentation.

    Low up front points.

    Simple application process.