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All You Need To Know About Commercial Private Lending

July 11, 2022/in Blog /by Bruce Kent

Investing in the real estate market can be an excellent way to amplify your financial portfolio. But many individuals are skeptical of entering this market because of the increasing prices.

If you’re looking to finance a real estate project, you may be considering commercial private lending. And that’s a great option as it can provide flexible loan terms and quick approvals not typically available from traditional lenders. But what exactly is private lending, and how does it work?

Continue reading this blog to learn everything about this financial alternative.

The Basics Of Commercial Private Lending

Commercial private lending allows you to borrow money for a real estate project. You can get asset-based loans from private lenders that only require your existing property as collateral.

Different Types Of Loans

Wondering why private lending is rising in the US? It’s because private loans help you complete your projects in no time. Private lenders offer bridge loans that can assist you in purchasing a brand-new property without trading your existing one and deliver raw land loan deals to help you get your hands on your favorite commercial land.

You can also finance your construction projects by acquiring hard money construction loans. Private lenders also assist individuals in managing foreclosure with workout loans.

Benefits Of Commercial Private Lending

Commercial private lending can offer several advantages over traditional financing options. Perhaps most importantly, private lenders are often more willing to work with borrowers who may not qualify for a loan from a bank.

Commercial private lenders also typically offer more flexible loan terms to make loan acquisition easier. Additionally, lenders can provide quick approvals, which can be helpful when time is of the essence.

Private lenders typically have a lower credit score requirement than banks. This means that even if you have a less-than-perfect credit rating, you may still be able to qualify for financing.

a person signing a loan agreement

Private Hard Money Loans Available With Flexible Loan Terms

Want to finance your commercial projects but don’t know where to start? Consider visiting Commercial Private Equity. We provide asset-based loans to help you achieve your financial goals. Our expert underwriting team can examine your finances and provide an exceptional hard money loan deal.

We provide asset-based financing options, including bridge, raw land, commercial hard money, blanket, and workout loans. We’ve got a three-level loan program to help clients get a loan deal according to their specifications.

Apply for the specialized hard money loans at Commercial Private Equity.

https://commercialprivateequity.com/wp-content/uploads/Closeup-of-hundred-dollar-notes.png 480 640 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2022-07-11 05:58:502022-07-13 06:04:38All You Need To Know About Commercial Private Lending
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Are Commercial Fix And Flip Loans Worth It?

July 8, 2022/in Blog /by Bruce Kent

Investing in the booming commercial property market is an excellent idea, but not many individuals can be successful at it. Why is that? We’re glad you asked! Pouncing on the right opportunity at the right time is crucial for success in the real estate industry. Fixing the property quickly and selling it when the prices are high is the perfect strategy for a real estate investor.

Thinking about getting into the fix and flip business? You’re probably wondering if commercial loans are worth it. Here’s a rundown of the pros of fix and flip loans to help you decide.

Swift Approvals

One of the benefits of commercial fix and flip loans is that they’re often much easier to get approved for than traditional loans. Private lenders know that you’re using the loan for business purposes and are more willing to take a chance on you.

Another advantage of commercial fix and flip loans is that they often have much shorter approval times. You can get started on your project much sooner than you would if you were waiting for a traditional loan to come through.

No Pre-Payment Fines

It’s no secret that fix and flip loans are available without pre-payment penalties. If you can sell the property quickly, you can pay off the loan without worrying about extra fees. This can be a massive benefit if you’re trying to maximize your profits on a flip.

Adaptable Loan Terms

Flexibility in loan terms is an exceptional advantage in fix-and-flip loans. With a commercial loan, you can customize the loan to fit your specific needs and the timeline for the project. You can also get the financing without worrying about strict repayment terms.

We suggest you find a private hard money lender that offers flexible lending requirements. It’s no surprise that reputable lenders like Commercial Private Equity have developed a three-level loan program to make loan acquisition smoother than before.

A private lending team evaluating a client's paperwork

Get Commercial Hard Money Loans With Quick Approvals

Want to kickstart your commercial fix and flip project? You’ve come to the right place! At Commercial Private Equity, we offer asset-based loans for our clients in the US. We’ve been assisting clients in putting their finances back on track for over seventy-five years.

We offer several financing alternatives, including commercial hard money loans, bridge financing, raw land lending, blanket loans, workout financing, and construction lending.

You can apply for our specialized hard money loans to kickstart your commercial fix and flip business.

https://commercialprivateequity.com/wp-content/uploads/Closeup-of-multiple-dollar-bills.png 426 640 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2022-07-08 08:18:032022-07-05 08:44:44Are Commercial Fix And Flip Loans Worth It?
A conventional bank loan team analyzing a client’s credit score

Boosting Your Credit Scores: 8 Things To Keep In Mind

July 6, 2022/in Blog /by Bruce Kent

Do you know what your credit rating is, and do you know how important it is? Your credit score is an accurate figure that shows your creditworthiness.

A high credit score shows that lenders don’t have to take a high risk by giving you the loan, which could lead to a lower interest rate. If you’ve got a low score, consider boosting it by following our strategies. Continue reading this blog to learn all about it.

Complete Your Credit Balances

One of the best ways to boost a credit score is to pay down your credit balances. Completing credit balances shows creditors that you’re using your credit responsibly and ensures you’re capable of effective debt management.

Consider paying down your balances on credit cards with the highest interest rates first to increase your score quickly. You may also want to consider transferring your balance to a card with a lower interest rate to save money on interest charges.

Make Timely Utility Payments

Undoubtedly, making timely utility payments can improve your credit history. We understand that as utility costs skyrocket, it can be challenging to pay all the bills before the deadline. We suggest you make a budget beforehand to ensure timely payments. It’ll show lenders that you’re responsible with your money and can help boost your score if you make these payments on time.

It’s no secret that some utility companies will report late payments to the credit bureaus. So if you’re ever late on a bill, you must contact the company and let them know beforehand. This can help you avoid any negative marks on your report.

Set Up Multiple Credit Accounts

You must set up multiple credit accounts to increase your credit score. It’ll show lenders that you’re a responsible borrower and can manage multiple debts. You can do this by opening up a few different lines of credit, such as a credit card, and a personal loan.

An individual setting up multiple credit accounts

Minimize Credit Utilization Ratio

The credit utilization ratio is one of the most significant factors of a credit score—it accounts for thirty percent of your score. The ratio evaluates the amount of debt you have to the amount of credit available.

In other words, it shows how much of your available credit you’re using. A high credit utilization ratio can hurt your credit rating because it signals to creditors that you’re more likely to get into financial trouble.

One of the best ways to lower your credit utilization ratio is to pay down your debt. You can also ask for a higher credit limit, which will decrease your ratio without increasing your debt. Just be sure to make all your payments on time, so you don’t deteriorate your credit history.

Get The Negative Paid Off Entries Removed From Your Credit Report

One of the best ways to improve your credit history is to request the credit bureaus to remove negative entries from your credit report. If you have any unpaid debts, make arrangements to pay them off as soon as possible. Once you’ve paid them, ask the creditor to remove the entry from your credit report. If they agree, your score will improve almost immediately.

You can also try disputing any inaccurate or outdated entries on your report. If the credit bureau agrees that the information is inaccurate, they’ll remove it from your credit report, and your score will go up.

Examine Credit Reports Thoroughly To Identify Errors

When you’re working on boosting your credit score, one of the most important things you can do is examine your credit reports thoroughly. It’ll help you identify potential errors that might be dragging down your score.

If you find any errors, you must dispute them with the credit bureau. We understand that thoroughly examining credit reports can be time-consuming, but it’s worth it if it increases your score.

In addition to looking for errors, you should also take this opportunity to familiarize yourself with your credit history. Analyzing your credit history will help you identify the factors which are impacting your score positively and negatively.

An individual analyzing credit report

Amplify Your Credit Limit

Increasing your credit limit can help you improve your credit rating. Higher credit limits mean you have more available credit, which can help lower your credit utilization ratio. Here are a few ways to enhance your credit limit:

  • Consider asking your credit card company for a higher limit
  • Transfer some of your balances to a new credit card with a higher limit
  • Open a new line of credit.

Using these innovative financial strategies might have an immediate, positive effect on your score, so it’s worth considering if you want to increase your score. Keep an eye on your spending to ensure you don’t end up in debt!

An individual holding multiple hundred-dollar notes

 

Do You Need A High Credit Score For Loans?

Increasing credit scores isn’t as easy as it sounds. You’ll have to maintain a flawless financial record to ensure your credit rating improves exponentially. Using the different credit rating strategies can become hectic. We suggest you opt for private asset-based loans if you don’t want to waste time trying to fix your score.

A private hard money lender in the US

 

Get Asset-Based Loan Deals To Purchase Commercial Properties

Looking for a reliable private lender? Consider visiting Commercial Private Equity!

Our experienced underwriting team can check your financial paperwork and guide you about our hard money loans. Our three-level loan program can help you find a flexible loan deal that matches your requirements.

Here’s a list of the different financing options we offer:

  • Commercial hard money financing
  • Raw land loans
  • Bridge lending
  • Blanket financing
  • Construction lending
  • Workout loans

Apply for the specialized hard money loans to get the financing you need.

https://commercialprivateequity.com/wp-content/uploads/A-conventional-bank-loan-team-analyzing-a-clients-credit-score.png 427 640 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2022-07-06 07:41:042022-07-13 05:57:52Boosting Your Credit Scores: 8 Things To Keep In Mind
LTV ratios written on paper

Understanding The Basics of Loan-To-Value Ratio

July 4, 2022/in Blog /by Bruce Kent

Capital is every firm’s driving force. No matter how much you try, without capital, you can’t run a company efficiently. Acquiring a loan from a bank can be challenging due to their extensive application procedure, which is why most Americans are switching to private hard money lenders. These lenders are known to use LTV as a major factor in making their final decision.

Understanding the LTV ratio is crucial for you to acquire a hard money loan. Let us dive deep into what an LTV ratio is and what its benefits are.

The Basics Of Loan-To-Value Ratio

Loan-to value ratio is usually used in hard money loan applications. It’s basically a ratio between your loan amount and the value of assets you possess. It’s an excellent metric for private money lenders to judge the risk when giving out loans. LTV ratios from 50-80% are realistic and excellent ratios where a loan deal can be closed. Any ratio above 80% is too risky for the private lender, and any ratio below 50% is unrealistic.

Why Is It Important?

Since the LTV ratio determines the level of lending risk, it’s one of the major determinants of the loan application outcome. The LTV ratio is a major part of the underwriting process for any private money lender. Since hard money lenders don’t consider credit scores and other lengthy checkups that banks carry out, they rely on the LTV ratio to make a decision. The LTV ratio also helps the private money lender determine how much money they’ll be able to gather if the borrower defaults on the loan payments.

A private hard money lender calculating the LTV ratio

Get Hard Money Loans In Atlanta Today

Understanding the LTV ratio can help you strike an excellent hard money loan deal. If you’re looking for a reputed private money lender to acquire hard money loans, visit Commercial Private Equity today. We’ve been serving our clients for over seventy-five years in the private money lending industry. We’ve developed a three-level loan program that offers loan deals at different LTV ratios. Our five different types of specialized loans, including construction loans, bridge loans, commercial loans, raw land loans, and workout loans, coupled with our loan programs, offer our clients maximum flexibility for their loan deals.

Get in touch with us today for more queries.

https://commercialprivateequity.com/wp-content/uploads/LTV-ratios-written-on-paper.png 377 640 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2022-07-04 06:41:052022-06-27 06:48:45Understanding The Basics of Loan-To-Value Ratio
A person counting dollar bills

FAQS About Commercial Lending

July 1, 2022/in Blog /by Bruce Kent

Commercial buildings are excellent investments, and many people take advantage of this opportunity. But, unfortunately, substantial sums of money are required to close such deals. However, commercial loans have proven to be a savior for people in such times to finance their ventures.

If you’re unfamiliar with commercial loans, we’ve got you covered. This blog will answer all your questions about commercial loans and hard money lending.

What Does A Commercial Loan Require?

Most traditional lenders consider the three Cs: cash flow, character, and collateral before issuing a loan.

Borrowers can repay the loan if their cash flow is constant and predictable. So, if you’re looking for a business loan, pay attention to these three Cs.

Furthermore, lenders require collateral for reassurance and security. If the borrower defaults on the loan, the lender can recover their losses by using the collateral.

Will My Credit Score Affect The Loan Rates?

One of the most frequently asked questions about business loans is whether the borrower’s credit history would affect loan rates. Credit ratings and reports are significant for some commercial loan lenders when determining terms.

However, they won’t lead you to loan rejections. A lender might offer lower interest rates on loans if you have a strong credit score or might charge you a higher interest if it’s weak.

Lending risks can be higher if you have a poor credit history. As a result, several lenders have raised interest rates. So it’s all up to the lender.

What Can I Use As Collateral To Secure A Loan?

The majority of people choose real estate properties as collateral. Other types of collateral, such as inventories, assets, vehicles, machinery, and more, are also frequently accepted by lenders.

Firms may use future cash flow contracts as collateral if they can’t furnish tangible assets. You should contact your lender to explore the best course of action for meeting your needs while also meeting their standards.

Is It Possible To Secure A Loan After A Bank Rejection?

A woman reviewing a hard money loan application

Due to weak credit scores or other factors, most traditional banks refuse applications. Private lenders may be able to assist you if banks are unwilling to lend to you.

When banks say no, private lenders like Commercial Private Equity say yes and grant loans despite denials.

We provide commercial loans and other specialized loans, such as bridge, construction, raw land, and workout loans, at affordable rates to make money lending easy for our clients.

We also offer a three-tiered lending program with varying loan requirements to make hard money loan acquisition a possibility for our customers.

Contact us today for more details.

https://commercialprivateequity.com/wp-content/uploads/A-person-counting-dollar-bills.png 739 1109 Bruce Kent https://commercialprivateequity.com/wp-content/uploads/Commercial-Private-Equity-Logo-2.png Bruce Kent2022-07-01 06:30:072022-06-27 08:42:52FAQS About Commercial Lending

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