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A private money lender discussing loan terms with a borrower

What Are Workout Loans?

August 31, 2021/in Blog /by Bruce Kent

Financing is necessary for every business to grow. Your company can fund its expansion by taking out loans from either banks or private hard money lenders. Although taking a loan can give you the extra funding you need to kickstart your business, but there are times when it may not work out. If your business doesn’t do well, it can be challenging for you to repay the loan. Studies show that the estimated total mortgage debt outstanding in the third quarter of 2020 was 16.5 trillion dollars.

In these circumstances, you wouldn’t want to repay a loan to the bank as they are not flexible enough to change the terms. However, if you have taken a loan from a private hard money lender, they can provide you with workout loans to get out of any foreclosure situation. Here’s everything that you need to know about it.

The Basics of a Loan Workout

A loan workout is an agreement between the borrower and the lender as the borrower is incapable of returning the loan with the existing terms. When a borrower faces foreclosure, a loan workout is a way to restructure the agreement to make the repayment successful.

What Terms Can You Change in a Workout Loan?

A loan agreement can have many associated terms. As the lender entrusts you with their money, they would keep these terms to ensure you repay them in a suitable period with interest payments. However, things don’t go your way every time, and you may need to alter the loan terms to ensure loan repayment. A private money lender may offer changes in the following terms:

 

  1. Loan Amount: A private money lendercan decrease the payments to be made in the short run and increase them for later when the borrower’s condition is better and more stable
  2. Repayment Deadline:The maturity date of the loan can also be changed to provide some flexibility to the borrower.
  3. Interest Rates:A private money lender may even cut down interest rates to ensure that repayments are completed.
  4. Property Acquisition: Private money lenderscan accept properties as a form of repayment if you are unable to pay even after the terms are changed.

A borrower signing a workout loan deal

Get Workout Loans Now!

If you’re looking to get out of a foreclosure situation, visit Commercial Private Equity now. We provide effective workout loans, where we try to make the new loan terms easy for you to repay. We have been in this industry as a private money lender for over 75 years and offer four other specialized loans, including commercial hard money, bridge loans, construction loans, and raw land loans. We also provide a loan program with three levels of loan terms.

Contact us now for more information.

https://commercialprivateequity.com/wp-content/uploads/A-private-money-lender-discussing-loan-terms-with-a-borrower.jpg 416 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-31 07:10:352021-09-01 11:34:21What Are Workout Loans?
A man showing freedom after opting for a raw land loan

Why Should You Opt for a Raw Land Loan?

August 30, 2021/in Blog /by Bruce Kent

If you’re an entrepreneur looking to start from scratch, the first thing that you need is to arrange raw land for your office. However, buying raw land requires financing, and these finances can come from taking land loans.

Many people don’t see the purpose of buying raw land as opposed to renting out an office or buying an already constructed office space. Here’s why you may need a raw land loan.

Why Do You Need a Raw Land Loan?

Freedom

When you buy a constructed property, you have little freedom to change things as you’d like. With raw land loans, since you get funds to buy raw land, you can start from scratch and construct the property any way you want.

You also have the option to buy the land that suits your purpose adequately. A raw land loan gives you the freedom to make an effective property decision. You can also custom-build your office through this process.

Long-term Benefit

Taking loans out for raw land can be an excellent investment strategy as raw lands are cheaper than developed land.

Assistance To Small Businesses

Once small businesses are settled, they always look to expand. However, expansion isn’t easy as financing for small businesses can be challenging. Traditional banks only accepted 27.9% of small business loan requests in 2019. The low acceptance rate can be attributed to a bad business credit score and a lack of credit history for small businesses. These factors are the reason why small businesses are looking towards private hard money lenders for financing. These small firms with low business credit can use hard money lending as an alternative to buying affordable raw land.

Small business owners showing happiness after closing a raw land loan deal

Get Raw Land Loans Now!

If you’re looking to find loans to purchase raw land, visit Commercial Private Equity. We have been working in the lending industry for over 75 years and have dealt with various clients, including corporations, commercial property developers, brokers, and private individuals. We strive to provide our clients with low-interest rates and effective hard money loan deals to secure their raw lands.

Apart from raw land loans, we deliver four more specialized loans, including commercial hard money, bridge loans, workout loans, and construction loans. We also offer blanket loans, international loans, and acquisition loans. Our three-level loan program is an effective model to cater to our different clientele.

Contact us now for more information.

https://commercialprivateequity.com/wp-content/uploads/A-man-showing-freedom-after-opting-for-a-raw-land-loan.jpg 416 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-30 07:10:182021-08-30 07:10:18Why Should You Opt for a Raw Land Loan?
private money loans are calculated according to the borrowers needs and collateral value

All You Need to Know About Acquisition and Development Loans

August 28, 2021/in Blog /by Bruce Kent

Ensuring constant business growth is the mantra of every firm. The acquisition of raw land or the construction of new offices and warehouses is considered significant growth for a company. However, new projects require business capital to be conducted efficiently. These funds can be obtained through acquisition and development loans.

Here’s all that you need to know about them.

What Is an Acquisition and Development Loan?

An acquisition and development loan (AD) is a loan that is used to purchase land and construct a commercial property. A hard money acquisition and development loan is provided by private money lenders who use the value of your commercial property to deliver the loan. The loan is generally divided into two parts. One portion of the loan is used to buy raw lands, and the other part to construct the property. An AD loan offers a shortcut to grow your firm by providing quick financing. Moreover, the acquisition and development of new property can increase your firm’s revenue immediately.

Private money lenders can use several factors to determine the provision of the loan:

  1. The availability of additional collateral from the borrower.
  2. The value of the raw land being bought.
  3. Borrowers’ construction plans.

Types Of Loans

An AD loan can fuel your firm’s growth prospects. The AD loan has mainly two types:

Hard Money Raw Land Loans

If you’re looking to purchase raw land to start your growth project from scratch, a hard money raw land loan from a private money lender is an excellent option. You can’t rely on banks for providing loans for raw lands as they’re skeptical about the prospects of an unconstructed land.

Hard Money Construction Loans

Construction is a major part of any growth plan. If you want your newly constructed property to create an impression, you should hire the best contractors in town. However, hiring the best doesn’t come cheap. If you want to finance a reputed contractor, it’s better to opt for hard money construction loans to ensure you don’t run out of money midway through the project.

An orange excavator parked on a mountain of sand

Get Construction and Raw Land Loans in Atlanta, GA Today

If you’re looking to acquire new land or develop an office, visit Commercial Private Equity now. We provide construction and raw land loans for our clients at competitive rates. We have been working in the private money lending industry for over seventy-five years and have gathered millions of profits for our clients. We strive to make the loan application process simple and streamlined to make loan acquisition easy. We provide loan programs and specialized hard money loans, including commercial hard money, bridge loans, and workout loans.

Contact us now for more details.

https://commercialprivateequity.com/wp-content/uploads/private-money-loans-are-calculated-according-to-the-borrowers-needs-and-collateral-value.jpg 416 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-28 03:57:192021-08-26 04:01:23All You Need to Know About Acquisition and Development Loans
A private money lender counting money

What Are The Common Types Of Hard Money Loans?

August 27, 2021/in Blog /by Bruce Kent

The recent economic repercussions due to the pandemic have left people unemployed and with low income. These factors have damaged the credit scores of the majority of the population and have made bank loan acquisition almost impossible. People are looking towards private money lenders for financing as they provide hard money loans.

A hard money loan is asset-based financing. Private money lenders analyze the value of your commercial property and use that as financial security to give you loans. Opting for the correct type of hard money loan can do wonders for your company.

Here are some of the common hard money loans which you can opt for.

Commercial Hard Money Loans

If you’re looking to expand your business by buying new commercial properties, a commercial hard money loan is the perfect option for you. A private lender would use your firm’s properties as collateral to give you a loan. Firms prefer commercial hard money loans to bank loans as they don’t use credit or income history.

Hard Money Bridge Loans

It would be a shame if you had a hot commercial property in your sight but couldn’t buy it due to lack of capital. A hard money bridge loan can let you buy a property before selling off your existing one. It’s a short-term loan in which a private money lender uses your equity from your existing property to give you a loan for the new one.

Hard Money Construction Loans

Construction projects are the signs of growth in a firm. If you’re looking to boost your firm’s growth by constructing new offices and warehouses, you’ll need capital to do that. Hard money construction loans can provide you with a way to gather funds for your projects and make your firm reach new heights.

Workout Loans

A foreclosure isn’t an ideal situation for you to be in. If you’re ever stuck in foreclosure, a workout loan can help you get out of it. A workout loan is used to restructure your debt and help you repay debts with an immediate deadline. A private money lender will determine why you weren’t able to pay the loan in the first place and analyze your existing commercial properties to give you a loan workout.

 

A private money lender giving cash to a borrower

Get Hard Money Loans In Atlanta, GA Today

Hard money loans are an outstanding alternative to traditional financing. If you’re looking for hard money loans in Atlanta, visit Commercial Private Equity today. We have a wide variety of specialized hard money loans, including commercial hard money loans, bridge loans, constructions loans, workout loans, and raw land loans. We have successfully made the loan application simple and streamlined to ensure that the process is hassle-free.

You can reach out to us here for more details.

https://commercialprivateequity.com/wp-content/uploads/A-private-money-lender-counting-money.jpg 416 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-27 10:51:532021-08-23 10:54:26What Are The Common Types Of Hard Money Loans?
Raw land in Atlanta, GA

What Is A Land Loan?

August 26, 2021/in Blog /by Bruce Kent

It’s crazy how quickly the real estate market rates are increasing in the US. In these circumstances, it’s tough for any firm to buy commercial properties. Companies are looking to buy cheap raw land to expand. However, it’s not easy to buy raw land with the lack of capital. Private money lenders can help boost your business by offering land loans.

Here’s everything you need to know about it.

The Basics Of A Hard Money Land Loan

If you’re trying to buy a piece of land to grow your business, getting a loan from a bank might be challenging. Banks are skeptical in giving loans for lands as generating money from raw land is tough. However, even if banks are unwilling to provide loans, that shouldn’t stop you; you can reach out to private money lenders who offer land loans. Private money lenders use your commercial property as collateral to deliver land loans.

Types Of Hard Money Land Loans

You can only benefit from land loans if you opt for the correct type. Here are some of the common types of land loans:

  1. Raw Land Loan: As the name suggests, a raw land is a piece of land without any infrastructure. You’d buy this land for mainly two reasons: if you want to start everything from scratch or if you think the value of this land will skyrocket soon. Getting a raw land loanis a risky move, but if it pays off, it can give you massive returns.
  2. Enhanced Land Loan: An enhanced land is more developed than raw land. You’d opt for this loan if you want to skip the hassle of starting from scratch. Since an enhanced land can be easily refinanced, loans are readily available.

Benefits Of Hard Money Land Loans

The biggest benefit of getting raw land using these loans is the freedom you get. You can shape the property however you like and use it to its maximum potential. Moreover, buying land is cheaper than buying a developed commercial property. The funds you save by buying raw land can be used to develop other sectors of your firm.

An enhanced land in Atlanta, GA

Get Hard Money Land Loans In Atlanta, GA Today

If you’re looking to acquire hard money land loans or construction loans, visit Commercial Private Equity today. We offer hard money loans at competitive interest rates and provide financial consultation. Our specialized loans include commercial hard money loans, bridge loans, and workout loans.

Get in touch with us now for more information.

https://commercialprivateequity.com/wp-content/uploads/Raw-land-in-Atlanta-GA.jpg 570 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-26 03:51:582021-08-26 03:51:58What Is A Land Loan?
A one-dollar bill on a table

Why Should Opt For A Blanket Loan?

August 25, 2021/in Blog /by Bruce Kent

The US real estate market is one of the hottest markets in the world. It’s expected to grow by 3.3% from 2021-2024. The success of this market is because of the increased accessibility of financing options available in the US.

In the past, commercial banks in the US have played a major role in providing loans to firms; however, in recent times, the market is shifting towards private money lenders due to banks’ rigorous loan application processes. Private money lenders provide different types of hard money loans to make loan acquisition smooth. One such hard money loan is a blanket loan.

A blanket loan finances multiple properties in a single instance. It’s used by commercial real estate investors, construction companies, and firms looking to expand. The benefits of a blanket loan certainly outweigh its cons. Here’s why you should opt for it.

Less Hassle

If you’re looking to acquire multiple properties, it’s better to get a single blanket loan rather than opting for individual loans for every property. A blanket loan can prevent you from the hassle of applying for every property loan separately. You can apply for the paperwork once through a blanket loan and get a loan for multiple properties. This can ultimately save your time and create less hassle for you. Also, keeping an eye on multiple loan agreements can lead to mistakes which can be costly.

Easy Way To Increase Your Portfolio

As a firm owner, if you want to expand extravagantly, you’ll want to get properties all over town and attack the market from all sides. However, acquiring many properties can be time-consuming. Getting business capital for commercial properties can take an eternity. A simple yet effective alternative is to get hard money blanket loans which can decrease your logistical obstacles.

Enhanced Leverage

In the commercial property market, leverage can play a big part in your negotiations. Acquiring multiple properties through hard money blanket loans can give you leverage to expand your portfolio in the future. Moreover, you can use these properties obtained through a blanket loan to refinance your future business projects.

A private hard money lender shaking hands with a client

Get Hard Money Blanket Loans In Atlanta, GA Today

If you’re an aspiring investor or businessman who’s looking to expand their real estate portfolio, you should visit Commercial Private Equity today. We provide blanket loans that can give you a single loan for your multiple properties and save you from the hassle of applying for loans individually.

We have a loan program in place to help select specific loan requirements as per your preference. Our experience of seventy-five years in the private money lending industry helps us provide you effective financial consultation. Apart from blanket loans, we offer commercial hard money loans, workout loans, raw land loans, bridge loans, and construction loans.

Get in touch with us now for more details.

https://commercialprivateequity.com/wp-content/uploads/A-one-dollar-bill-on-a-table.jpg 416 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-25 10:45:132021-08-23 10:50:05Why Should Opt For A Blanket Loan?
A private money lender working on a loan workout

Beginners Guide To A Workout Loan

August 24, 2021/in Blog /by Bruce Kent

The economic repercussions of the pandemic have pushed many American firms into debt. Repaying the debt in these circumstances can be challenging.  It’s estimated that one in ten US firms may default on their debt. These alarming numbers aren’t good signs. However, there’s a way out of a default debt situation known as a workout loan.

Here’s everything you need to know about it.

The Three Stages Of Loan Repayment

The interaction between a money lender and a borrower generally occurs in three stages:

Stage 1: Are Things Alright?

As the debt repayment deadline approaches, a lender would naturally inquire about the repayment status. You’ll have to provide your financial details, and the private money lender may assess your firm’s situation with it.

Stage2: The Negotiation

If you think you won’t be able to repay the loan on time, you should call for negotiations. The negotiation can lead to the restructuring of the repayment details. You can ask for interest rate reduction by providing additional collateral, or if you think that a foreclosure is inevitable, you can opt for a workout loan.

Stage3: Financial Default

Neglecting a workout loan can lead to a default situation. When your company can’t repay the loan, the lender is legally liable to own the commercial property you submitted as financial security. The lender will sell the property and use the funds to balance the loan.

Basics Of A Workout Loan

A workout loan is a way to restructure your debt and get out of a foreclosure situation by changing the debt repayment requirements. A private money lender can assist you in modifying the loan agreement to make the repayment smoother. In a loan workout, you can modify many terms, including total repayment amount, interest rate, loan maturity date. It’s sensible to hire a reputed private money lender who can advise on your loan workout. The moneylender would assess your situation and gain insight into why you couldn’t repay the loan in the first place.

A borrower signing a loan workout agreement made by a private money lender

Workout Loans Available In Atlanta, GA

If you’re looking for a way out from a foreclosure situation, head over to Commercial Private Equity today. We provide workout loans that can help you restructure your debt and effectively help you get out of default loan situations. We’ve been working in the private money lending industry for over seventy-five years. We’ve introduced several levels of loan programs and offer specialized hard money loans, including commercial hard money loans, bridge loans, construction loans, and raw land loans.

You can reach out to us here for more information.

https://commercialprivateequity.com/wp-content/uploads/A-private-money-lender-working-on-a-loan-workout.jpg 460 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-24 03:53:282021-08-26 03:56:37Beginners Guide To A Workout Loan
Multiple one-dollar bills

Your Ultimate Guide For Hard Money Loans

August 23, 2021/in Blog /by Bruce Kent

You’re not alone if the pandemic damaged your credit score. It’s estimated that one in two people have lost income globally. Decreasing income coupled with unemployment has increased the debt on the majority of the population. These circumstances make it very challenging for you to get loans from a bank. However, this shouldn’t stop you from financing your business, as you can choose hard money loans as an alternative.

Here’s everything you need to know about it.

What Is A Hard Money Loan?

Hard money loans are asset-based loans that use your commercial properties as financial security. A hard money loan is an excellent option for firms that have a bad credit history but own commercial properties. Private money lenders provide hard money loans by analyzing the value of the property and your equity on that property.

Hard money loans can take many forms. Here are some of its common types:

  1. Commercial Hard Money: If you’re looking to purchase a commercial hot property to grow your business, commercial hard moneyis an excellent option for you to acquire short-term funds.
  2. Hard Money Bridge Loans: Buying a new commercial property without selling off your existing one is possible through bridge loans. It uses your existing property as collateral to provide finances for your new property. Bridge loansallow you to pounce on any hot commercial property in the market by providing funds within a few days.
  3. Construction Hard Money Loans:If you’re looking to expand your business by constructing a new office, you’ll need funds for it. You can get capital for your new project through construction hard money loans.

Benefits Of A Hard Money Loan

The main reason why so many people are switching from traditional financing to hard money loans is its massive benefits. Private lenders don’t require credit scores, income history, or other details that banks need. A private hard money lender would only need your property details, which saves a lot of time. Hard money loan deals can be negotiated and are flexible as it depends upon the value of the commercial property you use as collateral. Moreover, hard money repayment options can be flexible, making it easier for you to pay back the loan.

A private money lender and a borrower after a successful hard money loan deal

Acquire Hard Money Loans Today

If you’re looking for alternatives to traditional financing, visit Commercial Private Equity now to obtain hard money loans. Our team of financial experts can provide you with consultation and guide you towards the perfect loan deal. We offer various specialized hard money loans, including commercial hard money, construction loans, bridge loans, workout loans, raw land loans. We have been serving our clients in the private lending industry for over seventy-five years and have assisted many clients in getting business capital at competitive rates.

Get in touch with us now for more information.

https://commercialprivateequity.com/wp-content/uploads/Multiple-one-dollar-bills.jpg 416 624 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-23 10:40:432021-08-23 10:40:43Your Ultimate Guide For Hard Money Loans
Commercial construction with funding from a hard money loan in Atlanta, GA

3 Things To Know Before Starting A Construction Plan

August 21, 2021/in Blog /by Bruce Kent

The cutthroat competition that has developed due to the pandemic has forced many firms to expand their business. In 2019, the construction industry in the US generated two trillion dollars in revenue, which speaks volumes about the scale on which this industry works. Although the construction industry is booming in the US, it’s a complex job and requires you to take care of many aspects. Poorly constructed offices and warehouses can waste your money and also decrease productivity.

Here are three things you need to keep in mind before starting a construction project.

Always Make A Budget

It’s crucial to control your emotions when making the budget for your construction project. Excitement to kickstart a new project can make you go overboard, which can cause problems during the construction project. It’s sensible to use a construction calculator to estimate a realistic cost. You’ll need to estimate the costs of the contractor, raw materials, and insurance. You must also understand that during a construction project, the budget can be overused. It’s better to get some extra capital in advance through hard money loans to prepare beforehand.

Hire A Reputed Contractor

Construction is something you won’t get done frequently, and that’s why you’ll want to do it right the first time around. A constructed office or a warehouse from a reputed contractor can last a long time and save your money on maintenance. You must hire a licensed contractor to ensure accountability. Moreover, hiring reputed contractors is beneficial for you as they are insured, so if there’s any damage to the property during the construction plan, you won’t have to pay it out of your pocket.

An orange excavator conducting construction work

Acquire Hard Money Construction Loans

Delays in construction work are a norm now. Many factors can cause these delays. One of these is the lack of funds which can lead your construction contractor to stop the work. If you want to avoid this problem, it’s better if you get hard money construction loans from a private money lender.

Since you’d want to restart work quickly, it’s better to avoid banks for financing as bank loan applications can take an eternity to complete. Private money lenders only use your commercial property as collateral and deliver hard money loans based on that.

If you’re looking for a private money lender to obtain hard money construction loans, head over to Commercial Private Equity today. We’ve been providing hard money loans for over seventy-five years now. We offer three-level loan programs with different requirements, making loan acquisition flexible for our clients. We tackle most of our client’s financial issues through our specialized loans, including commercial hard money loans, bridge loans, raw land loans, and workout loans.

Reach out to us now for more details.

https://commercialprivateequity.com/wp-content/uploads/Commercial-construction-with-funding-from-a-hard-money-loan-in-Atlanta-GA.jpg 371 509 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-21 10:30:412021-08-23 10:35:403 Things To Know Before Starting A Construction Plan

Advantages of Hard Money Loans – Infographic

August 18, 2021/in Blog /by Bruce Kent

Contract

One of the advantages of using a hard money loan is the speed at which loan approval and funding take place.

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https://commercialprivateequity.com/wp-content/uploads/01235876.jpg 434 589 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2021-08-18 03:34:482021-08-26 03:43:25Advantages of Hard Money Loans – Infographic
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