Commercial Hard Money Loans
Commercial hard money is a type of funding from a private lender that is backed by the value of the property and not by the credit worthiness of the borrower with a lower loan-to-value than traditional funding because the property itself is used as the only protection if the borrower goes into default on the loan. They are interest only with no pre-payment penalty or exit fee. Hard money loans are commonly used in if you need to take the property down quickly until it becomes stabilized to qualify for conventional financing. All loans are case-by-case per today’s marketplace.