It’s no secret that banks reject loan applications based on low business credit scores. It is estimated that banks only accept 27.9 percent of loan requests from small businesses. However, these shouldn’t stop you from looking for financial alternatives. One such alternative is a commercial hard money loan provided by private money lenders.

What Are Commercial Hard Money Loans?

Commercial hard money loans are for firms that want quick financing and don’t have the time to improve their business credit. Unlike banks that use income and credit score as a determinant for loans, a hard money lender uses your firm’s assets as collateral.

Types of Properties You Can Use to Acquire a Hard Money Loan

The unique thing about a hard money loan is that it only uses your property as collateral. The types of properties a lender might accept for a commercial hard money loan can differ. Some common types of properties include retail centers, raw land, warehouses, industrial buildings, and offices. The greater the value of your property, the better the loan terms you will get.

Uses of Commercial Hard Money Loans

Investing in commercial spaces can be beneficial for your company. Acquiring the best real estate in town can get you an edge over your competitors. Commercial properties can offer high long-term returns as their asset value gradually increases. If you get a property now, you can loan it out in the future for more financing.

If you have just opened a business and your firm doesn’t have a good credit history, commercial hard money loans can be your shortcut to financing. Furthermore, these loans don’t have strict loan requirements, making them easy to refinance. You can also use commercial hard money for bridge loans. These loans can act as a bridge for you to refinance your existing properties.

Obtain Commercial Hard Money Loans Now

Commercial hard money loans can solve your financial issues. Get commercial hard money loans from Commercial Private Equity now. Our team of experts can help you meet commercial financial objectives through effective hard money loan consultation.

Apart from commercial hard money loans, we also cater to residential hard money loans, construction loans, raw land loans, and workout loans. We have started a loan program with three levels, and each level has different term conditions to cater to as many clients as we can.

Contact us now for more information.

The construction industry is one of the most booming industries in the US. It has a contribution of 4.3% in the GDP and has over seven million employees. The main reason why the construction industry has flourished is the favorable economic conditions for investors and ease of financing.

Construction loans are given out by not only banks but private lenders too. Private hard money lenders give out construction loans by taking your property as collateral. However, construction loans can only be acquired if you apply properly.

Here are four things you need to have to successfully apply for a construction loan.

The Construction Plan

A clear and efficient construction plan will facilitate private lenders to give you construction loans. You must provide the hard money lender with all the details of the construction plan. The relation between you and the lender can be strengthened if your construction plan is transparent.

Who Is Constructing the Property?

Constructing your property through a qualified builder can boost your chances of acquiring a construction loan. The higher the integrity of your contractor, the better the chances are of the project finishing on time. When private hard money lenders provide you with a construction loan, they trust you to ensure that the project completes on time to avoid repayment issues.

Estimated Value of The Constructed Property

Many construction loan decisions are based on the value of the property after the construction. You must hire a licensed appraiser to get an estimated value of your property. Many private money lenders use the appraised value to decide loan terms, so the higher the value of your property, the better terms you will receive.

Down Payment

The down payment is usually 20-30% of the total loan amount, but if you’re taking a construction loan from a private hard money lender, down payments are forgone as you provide your property as collateral.

Acquire Construction Loans Now

If you’re looking to construct your property, you may need to get the finances for it. Visit Commercial Private Equity now to get construction loans. We have worked in this industry as a construction loan lender for over 75 years. We also provide other specialized loans, including workout loans, raw land loans, commercial hard money, and bridge loans.

Reach out to us now to obtain construction loans for interest rates as low as 10%.

The US economy is one of the largest economies in the world. One of the reasons why it has reached such massive heights is the ease with which financing is available. Commercial banks up till June 2021 granted loans that reached a value of 15.5 trillion dollars. However, banks are not enough to finance businesses in the US, and the gap is filled by private hard money lenders who provide specialized loans. One kind of specialized loan is a bridge loan that uses your assets as collateral for the loan. Here are three reasons why you may need it.

A Bridge to Shift to Another Property

Bridge loans can be useful for you if you want to buy a property before selling your existing one. The competitiveness of the real estate industry calls for such measures as every opportunity to buy a property needs to be grabbed to beat competitors. Bridge loans can act as a bridge until your current property is sold off after which you can repay the loan.

Facilitates Auction Buying

Auctions can be a way for you to buy hidden gems that are often missed out in general transactions. However, you can only buy in an auction if you have the cash in hand. Usually, a down payment is required right after the auction, and the remaining payment needs to be done in a short time frame, depending upon the amount. Bridge loans can be a way for you to acquire financing to complete any auction deal.

Assistance in Obtaining Short-Term Financing

There are instances when there’s a great deal on a property, and you may not have the finances to buy it. In these circumstances, you’ll want to exchange your existing properties for the deal. Bridge loans are a way to use your properties for financing. Unlike bank applications that require you to show your income, credit scores, and other details, bridge loans are a way of obtaining quick financing as the only requirement you need to fulfill is to have valuable property.

Acquire Bridge Loans Now!

If you’re looking to get bridge loans, Commercial Private Equity is the company to visit. We have been working as a private hard money lender in this industry for over 75 years. We provide efficient bridge loan deals for you to acquire any property you like with ease.

We also offer other specialized loans, including construction hard money loans, commercial hard money loans, raw land loans, workout loans. We also have a loan program with three levels that provide you with different interest rates and terms.

Contact us now for more information.

The US is the hub of economic activity, and to sustain this economic environment, loans are crucial to. It is estimated that the loans granted by US banks were 15.5 trillion dollars in June 2021. However, surprisingly, even these loans are not enough to finance the projects started in the US, which is why private lenders have to step in. When the banks reject you, you go to a private lender for different types of loans, one of which is a blanket loan.

Basics Of Blanket Loan

A blanket loan is a loan that takes several properties as collateral. If you’ve more than one property, rather than finding a financing option for each one, it would be better for you to acquire a blanket loan.

Pros Of Taking A Blanket Loan

Taking out a loan has many costs associated with it. One such cost is the fees paid to the lender on every settlement. If you have more than one property, blanket loans provide you with a way to pay the settlement fees only once rather than paying it for every property, saving you a lot of money.

Think of a blanket loan as a wholesale transaction. For example, if you buy a single good, you won’t have any negotiating power. But if you go to a market to buy in a large quantity, the seller will decrease the price for you and give you attention. A blanket loan also works like this when you go to a lender with multiple properties instead of you; the negotiating power lies in your hands.

Who Should Get A Blanket Loan?

It’s sensible for individuals who have or want to buy more than one property to get a blanket loan.

Real estate builders are the first thing that comes to mind that fits the above description. If you’re a real estate builder, you will need to buy several properties at one time and then develop them simultaneously. A blanket loan can help speed up the finances you need to start the construction. If you’re a real estate investor, you can look to acquire blanket loans as they can provide you with extra finances to buy more properties and enhance your portfolio. If you are looking to expand your franchise in multiple locations as a business owner, you may want to look towards a blanket loan instead of getting separate mortgages; a blanket loan can act as a single financing option for you.

Get A Blanket Loan Now!

If you’re looking for a single financing option for your multiple properties, visit Commercial Private Equity now. We provide blanket loans to individuals who want to buy more than one property. We have been in this industry for over 75 years and strive to provide the best possible deals for our clients. Apart from blanket loans, we deal in other loans, including commercial loans, construction loans, hard money loans, private equity loans, and much more.

Fill our application form to start your financing.