5 Types of Specialized Loans
Efficient financing can help streamline a lot of things. If your loan application is rejected by banks, you opt for a private hard money lender that can provide you loans based on your property value.
There are many specialized loans that a private money lender can offer. Here are its five types.
Commercial Hard Money
If your business has an average credit score, it may be difficult for you to acquire a bank loan. If you own a property and want to buy more for expansion, you can get a commercial hard money loan to finance your projects. Generally, commercial hard money loans are used to finance short-term projects that require urgent financing as these loans use assets for collateral.
If you’re looking to purchase new property but haven’t sold off your existing one,obtaining a bridge loan is the perfect option for you. You will use your property to get the loan and repay once that is sold.
Bridge loans can be used if you need quick financing on an excellent bargain that you don’t want to miss out on.
Unfortunately, traditional financing doesn’t provide loans for constructing infrastructures such as your home or office. Constructions loans give you a way to finance those projects, and once they are complete, you can take a traditional loan to repay the construction loan.
Raw Land Loans
Every business or project starts with the acquisition of raw land. But acquiring raw land can be challenging if you don’t have the finances for it. You can use raw land loans to obtain money for the office space you need to kickstart your business.
A workout loan is given to individuals stuck in foreclosure situations. If the repayment of a previous loan is challenging for you, then a workout loan can help you.
Get Specialized Loans Now
If you’re looking to get specialized loans, visit Commercial Private Equity. We have been helping our clients get effective loan deals for over 75 years now.
We provide five different types of specialized loans, including commercial hard money, bridge loans, construction loans, raw land loans, and workout loans. Our team of experts also provide hard money loan consultation to help you make an informed financial decision.
Apart from specialized loans, we also provide other loans including, blanket loans, Corporate and LLC loans, and acquisition loans. We also offer a loan program with three levels that cater to all your financing needs.
Contact us now for more information.