A commercial hard money loan is based on the borrower’s real estate assets. These loans are also referred to as “no-doc loans”, “private hard money loans”, “bridge loans”, and more. While traditional loans determine a client’s qualification due to the borrower’s credit, financial statements, and more, a commercial hard money loan bases the loan strictly on assets. This way private lenders can give funds to the projects that don’t necessarily fit most the traditional guidelines of most banks and other lenders.
At Leader Mortgage Services, we specialize in commercial hard money loans and what makes us unique is that we are a direct lender. Besides that there are no upfront fees and we can get your money to you in short amount of time, unlike traditional banks and lenders. Here are some of the commercial hard money loans that we fund:
- Multi-family Units
- Apartment Financing
- Commercial Acquisition
- Commercial Refinance
- Land Development Loans
- Retail Property Loans
- Industrial Property Loans
- Office And Office Condo Financing
- 1031 Exchange Financing
When Should You Apply for a Commercial Hard Money Loan?
There are many scenarios that make this kind of loan attractive to clients who simply can’t or don’t want to go a traditional route. They include the following:
- You have bad credit
- There are unpaid liens or judgements concerning you or your property
- You need a loan fast
- You don’t qualify for a traditional loan
- You have equity and need cash
- You need a loan that doesn’t require excess documentation like most banks
- You want to restructure your debt and/or avoid foreclosure
- You are a foreign national
- Your situation is so unique that it doesn’t fit with other lending options and guidelines.
We are an Florida-based company that can assist clients who need quick commercial hard money loans. We have been in business for 25+ years and have built a solid reputation of experience, customer satisfaction and trust.
We are detail-oriented and proficient when it comes to helping our clients. Our success depends on your success so we work hard to get you the funding you need in the shortest amount of time possible. We guarantee that we can get you the money you need faster than what a bank or other traditional lender can offer. Their turn-around-time is typically two to three months or more, whereas we can get you your money in as little as 24 hours.
To learn more about getting a commercial hard money loan with us, you can contact our friendly team at (954) 205-5444. One of our friendly experts will be ready to help and answer all of your questions. Alternatively, you can fill out an application right now to see if you qualify.
