Find the Best Commercial hard money loans

  • Quick Approval and Funding
  • Local Commercial Hard Money loans
  • No Upfront Cost or Contracts
  • Amounts – starting from $75,000

Top Commercial Hard Money Lenders

  • What are commercial hard money loans?
  • Common questions about hard money loans
  • How to qualify
  • Check List for for getting a private loan
  • How does a private lender underwrites a loan compares to a bank

What are Commercial Hard Money Loans?

Commercial hard money loans are a capital source offered by private lenders to investors who need financing fast. The interest rates are typically higher than traditional bank loans but commercial hard money loans have two major advantages – faster funding and flexible underwriting criteria. For investors who are looking to purchase, refinance, or draw cash from an investment – private lending offers an alternative route that is faster, more efficient, and focused on the asset more than the borrower. Investors who are looking to secure loans on a short term basis or with credit challenges are the perfect fit for a commercial hard money loan. An asset-based underwriting process also allows the lender to consider creative real estate investments.

 

Our process offers borrowers who seek to secure private financing on a commercial property several advantages:

  1. Zero costs upfront with no contracts
  2. Qualify within 24 hours and approved in as fast as a few days
  3. No pressure to sign
  4. Any type of real estate accepted
  5. We accept applications with bad credit history/bankruptcy

Fast Approval

Traditional loans can take several months to close. We can do it in a few days

Low Rates

Rates start from 8% with low cost to close.  If we can find you a hard money loan you pay nothing

Up to 80% LTV

Access the maximum equity in your asset and unleash your investment portential

What type of real estate you can buy with commercial loans?

Commercial Real Estate entails all types of non-residential properties. Commercial real estate loans traditionally required extensive paperwork and financial underwriting from banks – it is not unusual to undergo through 2 or three months to secure capital to purchase commercial properties. With our ‘asset-based’ underwriting, we can provide you with financing as fast as 10 days. We provide hard money commercial loans on all types of real estate:

 

  1. Retail Centers 
  2. Office Buildings
  3. Triple net and single tenant retail
  4. Warehouses
  5. Industrial Buildings
  6. Properties with Marijuana Tenants

Common questions about commercial hard money loans

Here are the most frequent questions we get when it comes to hard money loans for commercial real estate:

Q: What can I do to increase my chances to qualify?

A: Make sure you have all of your paperwork ready – any underwriter will probably ask you questions about the property and about your experience as an investor.  This is the part that usually takes the most time, so be prepared ahead of time.

Q: Are the rates going to be really high?

A: Hard money rates are higher than traditional bank loans.  Since they are riskier, done faster, and require less underwriting, the rate is higher.  Typically hard money loans will be 4-5% higher than standard interest rates.

Q: Why should investors take a high-interest loans if banks give lower interest rates?

A: Banks take a long time to approve loans, and they often apply very rigid funding criteria to deals.  So if you have a special situation or circumstances, you may be out of luck.  Hard money loans are also perfect for buyers who want to close a deal quick, and can’t wait 45 days for a bank approval.  Hard money is not for everyone, but there are investors that are able to buy property not possible otherwise,  thanks to hard money loans.

Q: Can I qualify if I have bad credit?

A: Yes.  Hard money loans for commercial real estate is focused on asset-based underwriting.  This means that your credit score is less important than the strength of the property you are buying.  Your experience is still important, and a good credit score helps a lot – but burrowers with bad credit qualify for hard money loans all the time.

 

How can I qualify for a commercial hard money loan?

There are four parts you’ll need to go through before closing a private loan on a commercial property.

  • First you will have to find a lender to look at your deal.
  • Second you will need to pre-qualify the initial phone call screening.
  • Third, provide the paperwork to verify the loan requirements,
  • And finally – negotiate the final terms of the loan

What are the terms of a typical private commercial loan?

Commercial hard money loans vary from property to property and different burrowers. Every property is examined on a case by case basis by our experienced underwriters and real estate professionals. Loan terms that fit a single tenant restaurant off a busy freeway are going to be different than financing for an office building in the middle of downtown New York City. Generally speaking, a typical lender can expect the following terms:

Can I get a hard money loan with bad credit?

Yes. Individuals with bad credit can qualify for commercial hard money loans because we use asset-based underwriting to qualify our clients. Unlike traditional loans from banks – private lending focus on the property, not the burrower. Applicants with bad credit, rejected by traditional lenders, can use hard money loans to purchase commercial property if the deal is solid.

 

Private lenders charge higher fees and rates to compensate for the higher risk associated with lower credit score. They provide a second chance to investors who fallen on hard times in the past and want to continue to invest without paying thousands of dollars to special agencies to repair their credit scores. We accept applications with bad credit as well as:


  1. Bankruptcy
  2. Tax Liens
  3. Child Support Liens
  4. Divorces
  5. Prior Evictions
  6. Foreclosures

What are the costs of getting a commercial hard money loan?

Just like regular loans – private loans have costs as well. Here is a list of some, but all fees you’ll be expecting:

 

  1. Points/Origination – calculated as a percentage of the total loan amount.  For example – if you take out a loan for $100,000 on a shopping center from a private lender, 2 point fee will cost you $2,000.
  2. Appraisal/inspection – to confirm the value and condition of the property.
  3. Document fees – fees to prepare loan documents for you to sign.  Could be waived in certain cases or e-signature.

Working with HM Capital

Real estate professionals who come to us for financing need it fast – it is the hallmark of a hard money loan.  Our teams of experienced real estate professionals will guide you every step of the way – from intake to funding and be there for you with any concern you might have.  Our 2 core values – integrity and results.

We have a strict no upfront contract, no upfront fee policy for our services.  Our system is 100% client focused – from the moment you call us to the moment the funds are deposited in your account, we are only focused in providing you the best capital solutions on the market.  Unlike other companies, we don’t mind if you shop around or get a second opinion – because we believe that if we can’t get you a loan, you don’t owe use anything.

Our core values: Integrity and Results.  “If we can’t get you a loan you don’t owe us anything.”

What paperwork do I need to prepare to qualify?

  • Loan Application
  • Personal Financial Statement
  • Exit Strategy - summary of the business plan for the investment
  • Purchase and sale agreement (if applicable)
  • Description of Burrower's experience

What type of real estate you can buy with commercial loans?

Commercial Real Estate entails all types of non-residential properties. Commercial real estate loans traditionally required extensive paperwork and financial underwriting from banks – it is not unusual to undergo through 2 or three months to secure capital to purchase commercial properties. With our ‘asset-based’ underwriting, we can provide you with financing as fast as 10 days. We provide hard money commercial loans on all types of real estate:

 

  1. Retail Centers Hard Money Loans
  2. Office Buildings Hard Money Loans
  3. Warehouse Hard Money Loans
  4. Industrial Building Hard Money Loan
  5. Billboard Hard Money Loans
  6. Properties with Marijuana Tenants

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