Small Balance Florida Commercial Hard & Private Money Call or TEXT 813.516.5210

Types of Commercial Hard Money Investing

Shop Commercial Mortgage is interested in working with commercial investors by offering a variety of hard money loans. We can offer different loans based on the needs of our clients. We will use the term “hard money” to describe loans from our private investor network.

Florida Hard Money Equity/Bridge Loans

Our investor network is looking for opportunities to invest in Florida commercial loans based on free and clear equity in commercial properties including:

  • Apartment buildings
  • Hotels
  • Restaurants
  • Warehouses
  • Office buildings

The property should have little or no current mortgage, and a new mortgage is secured by the equity in the commercial property. Our investors don’t have the onerous paperwork requirements required by the banks and will overlook a lot of credit issues when a free and clear property is available. Typically the loan-to-value (LTV) ratio available runs 50-55% depending on the property. Closing will occur in 10-21 days after paperwork is received. This is the easiest way for investors to obtain a commercial hard money loan.

Alt-A or Subprime Florida Loan

Subprime commercial loans are also secured by real estate equity. Borrowers may have credit scores from perhaps 550 up to 650 but have been turned down by the banks. Many of our clients are self-employed with good income. Our investors are looking for borrowers who:

  • Good income with no more than 50% debt-to-income ratio
  • Good tax returns
  • Strong bank statements with active rental income if the property has rentals
  • The borrower can provide a 40% down payment

Bank Statement Hard Money Loans

These are commercial loans based on 12-24 months of personal and business bank statements. LTV ratios of up to 55% are normal. These loans are similar to subprime loans, with the borrower having reasonable credit but who is unable to show good income on their commercial properties. Closing times are typically within 21 days.

Foreign Commercial Florida Loans

Foreign nationals can have a difficult time securing financing in Florida for commercial properties. Our investors will use the borrower’s collateral and finance up to 50% LTV for a commercial refinance or purchase contract. Income statements will be required to secure the loan. Closing is typically within 14 days.

Bank Conforming Commercial Loans

Shop Commercial Mortgage does have bank conforming loans available. These are based on a first mortgage on the property. This program offers the best loans with LTVs up to 75% and interest rates starting at 6% for terms of 1/3/5/7 years. Closing can take up to 40 days as this is the most comprehensive underwriting required for approval.

The requirements for borrowers to be accepted for a bank conforming loan include:

  • Credit scores above 700
  • Tax records for the last few years
  • Rent rolls
  • Personal and business bank statements
  • Profit and loss statements for 2-3 years

For more information on any of the commercial hard money loans available from Shop Commercial Mortgage, please call 813-516-5210.

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"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"

Mikle / Broker


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