The private lending sector is revolutionizing the commercial real estate industry. Gone are the days when you’d have to waste your time in banks, waiting to complete the lengthy loan process with extensive requirements.
In 2022, quick financing is the way to get ahead of your competitors. If you want to kickstart any commercial project, you’ll have to join hands with a private lender. Keep reading this blog to find three unique facts about private hard money lenders in the US.
Private Lenders Don’t Ask For High Credit Scores
Unlike banks, private lenders don’t require a high business credit score. It’s no secret that in 2020 and 2021, business credit scores have gone through a downward trend, and many firms have struggled to acquire loans through conventional methods.
Amidst these circumstances, private lenders can help you out by providing loan deals to companies with average credit scores. Many reputed private money lenders in the US have created multiple loan programs to cater to clients with different credit scores.
Private Lenders Provide Quick Financing
2022 is a crucial year in the corporate world as many firms will look to make a comeback and stamp their authority in the market. If you want to create a better brand image, you’ll need to spend a lot of money. However, financing your commercial projects is never an easy task.
Luckily, private lenders can help you out! While banks make you wait for an eternity to get the loan application processed, private lenders can complete the whole process within a few days. Popular private lenders have financial teams to analyze your condition and pre-approve your loan application.
Private Lenders Have An Easy Application Process
Bank loans are often rejected because people don’t understand the rigorous application process and fill out the forms incorrectly. However, the private hard money process is simple and streamlined. Many private lenders assist clients individually in filling the loan application forms and guide them at every step of the process.
Private Lenders Can Help You Get Top-Notch Hard Money Loan Deals
Looking for a private money lender? Visit Commercial Private Equity to get top-of-the-line hard money loan deals with interest rates as low as ten percent. Our team has created a state-of-the-art loan program to help our clients get asset-based loan deals as per their requirements.
Our team conducts an efficient underwriting process and pre-approves your loan within twenty-four hours. We provide multiple specialized hard money loans such as commercial hard money, construction, raw land, bridge, workout, and blanket loans.
So, what are you waiting for? Apply for an asset-based loan at Commercial Private Equity.