Written by: Editor - Commercial-Hard-Money-Lender.com - This is an informative data center for commercial hard money.
Welcome to the Commercial Hard Money Lender Directory Information Website & Portal, for, jumbo, investor, and commercial hard money mortgage loans. Almost all commercial property types are acceptable for commercial hard money. Bridge financing is available in any state. CA, WA, TX, FL, CO, MN, MA, IL, GA, MD, DC, VT, NY, NJ, CT, VA, AL, TN, OH, and all major cities accross the US. New York to California, Hard Money, Bridge Lender & Commercial Hard Money Lenders are listed here. Hard Money for Developers & Construction is also available. Please visit the websites of the listed sites.
The tools that make this site helpful are the hard money loan search, product information table, interest rate survey and commercial hard money lender bulletin board. What is the main purpose of Commercial-Hard-Money-Lender.com?
It is a fact that even the most successful companies rely upon outside financing in order to cash flow a business, an economic down turn, a crisis, an unexpected opportunity or a neccessary investment Component that conventional commercial bank financing simply cannot accomodate. Short term secured commercial mortgage loans are referred to as commercial hard money, or simply bridge financing. A good portion of this article relates to distressed situations. Bridge Capital or a Typical Commercial Bridge Loan is often taken for purposes of expediency, and not avoiding the potential forced sale of a property. The term commercial hard money often is used to describe emergency financing, whereas a "bridgeloan" refers to unconventional commercial loans that simply will strengthen the company until long term financing at the next stage can be accomplished. Frequently a Bridge Loan will rely upon an expected change to occur in the operation or management of the business and / or commecial property that will improve it considerably. Change can include an influx of income, due to a sale of property, a financial settlement, or business receivables. Acceptable lending criteria may also be achieved during the bridge loan process, if the commercial property improves in terms of marketability or certainty of marketability. Often a condominium conversion project , or land development deal, will require bridge financing, prior to a lender offering construction and or permanent financing. The project has usually not received it's building permit, approvals and other key components that would be required for a construction loan, or permanent financing mortgage loan on commercial property. Cash flow and financials may not be strong enough prior to a bridge loan to qualify for an end loan or construction loan.
Both bridge & hard moneycommercial mortgage loan programs are generally intended to be a source of quick funding. Some can close in weeks or days. Sometimes a client and or their broker will migrate from banker to banker with their loan package, in multiple states, for many months and even years without funding their commercial hard money deal. It can be expensive to the owner of the commercial property, in terms of application, appraisal & due diligence fees. There may be other financial consequences affecting the business as a result of the transaction not funding. The process can also be a waste of time for the broker if they do not close and fund their commercial hard money loan on their commercial real estate.
When a commercial hard money loan term sheet is offered, it is generally offered higher a interest rate than within the range of the current industry standard for a commercial loan. Hard Money or Bridge Capital may even require less advantageous terms than a simple mortgage with higher rate and points. ...... Continue...
Commercial Hard Money Loan
Nationwide List
Lender & Program List,
CA-NY
2101 Fourth Ave., Suite 1300, Seattle, WA 98121
Contact: Bruce Berreth - email: bruce.berreth@centrumfinancial.com
Commercial Hard Money & Bridge Loans
Warsowe Financial Group (dba Point Fourteen Corp.)
800-741-0563
Commercial Hard Money & Bridge Loans
Western Capital Partners LLC
303-860-1829
Commercial Hard Money & Bridge Loans
Wextrust Capital
212-643-6190
Commercial Hard Money & Bridge Loans
Yale Mortgage Corp.
800-EASY-YES (327-9937)
Commercial Hard Money & Bridge Loans
Commercial-Hard-Money-Lender.com - Copyright 2006, 2007 - All Rights Reserved
Commercial-Hard-Money-Lender.com is a commercial hard money loan resource site. It is available to all commercial hard money lenders and commercial hard money brokers. Commrcial-Hard-Money-Lender.com is a list of commercial hard money program information to commercial real estate invesors seeking commercial hard money financing. Commercial hard money is offered on a national, regional or statewide basis by most investors or banks offering commercial hard money loan programs. Please contact us to add your listing to our database. We welcome all commercial hard money bank, lender, broker and other professional inquiries to be listed on this site. It is an inclusive list of data and information to benefit the borrower, broker or lender involved in the commercial hard money, or bridge loan aspect of lending.
To learn more about various programs please contact the individual hard money lenders listed in the hard money table. Broker and Wholesale Loan programs are available with many of the hard money lenders. Contact the list of commerical hard money lender, broker, bank or banker listings in the table. Many have websites or emails - all have a listed telephone number so that inquiries regarding commercial hard money can be faciliated quickly.
