Commercial hard money lenders provide funding
for real estate investors like you!
Commercial hard money lenders are private lenders who provide money to real estate investors and other individuals for their real estate needs. Investors looking to purchase or refinance commercial real estate with fast approvals and quick funding can look to commercial hard money lenders to get these done.
Unlike conventional lenders, commercial hard money lenders work with a group of investors who look to make a higher rate of return on their investment. For this reason, hard money loans have a believed reputation of being undesirable to due to higher interest rates. However, finding a hard money lender who offers reasonable interest rates according to the market with quick and easy funding is possible. Here are the benefits to working with commercial hard money lenders:
- Real estate investors turn to commercial hard money lenders because conventional banks tend to have long processing times when applying for loans. Another reason to turn to private money lenders is when they are having a hard time getting approved due to a poor credit history.
- A hard money lender is exclusively interested in the collateral being used, in this case a property. They will evaluate the property according to market value and determine the loan to value, up to 90% in some cases, in order to get the investor the best deal.
- Commercial hard money lenders offer little to no income verification when submitting approvals for a loan. This is ideal for investors who have their current liquid assets tied up in other properties, or are self-employed and unable to provide the proper documentation to support a steady income.
If you are a real estate investor looking for funding for your next commercial property and you need a fast approval, check out commercial hard money lenders at Hanson Capital today! Already have a specific property already in mind? Check out our loan application for a fast detailed response under our borrower tab by clicking here!