HARD MONEY CONSTRUCTION / BRIDGE LOANS
GET THE STORY
We prov
Our capital sources and loan structures may include: hard money, commercial real estate equity and joint ventures, land loans, shopping center and retail construction loans, hard money development construction loans, mezzanine loans, land acquisition and development loans, land bridge loans,Development joint ventures, real estate equity, preferred equity, repositionings, and redevelopment loans.
(owner occupied and income producing)
Construction Bridge Lending (commercial and residential) (USE THE FOLLOWING AS OUTLINE)
Construction Lending Loan request: (click)
How to obtain Hard money or private construction loans
hard money commercial construction loan uses the value of the property being purchased or the existing land as equity. . Why use a hard money loan?
Such loans are funded by private sources, which simplifies much of the application and approval process. Commercial hard money may work when the project needs finishing, or something has happened the current owners ability to complete. There may be sufficient equity in some already owned land to complete the construction with no additional capital.
In addition to speed, lenders of hard money loans do not look as closely at credit ratings. Most lenders focus primarily on the value of the commercial construction property. Even if your credit is less than stellar, you may be able to find a loan if the property looks to be a solid investment. In other words, many hard money lenders will put more weight on the potential profit of the deal than the potential risk.
Other considerations inclue the amount of capital invested by the borrowerer. Are all permits and zoning in place. Are there architectural plans. When dealing in bridge money construction it all goes back to getting the story. How much time and money have be invested by the principles. Private money lenders want to see the principles have some "skin" in the property.
ide non-tradion