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Author: Shop Commercial Mortgage

Five Common Mistakes to Avoid with Private Money Loans

Private money lending has become more popular as conventional banks tighten their procedures for approving residential and commercial loans. A conventional loan might be turned down for any number of reasons including credit problems, self-employment, previous foreclosures, bankruptcies, or other issues. Private money investors may be more flexible for approving your loan, but there are still some things to avoid when looking for private or hard money.

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Advantages of Doing Business With Shop Commercial Mortgage

Shop Commercial Mortgage is not your typical commercial mortgage lender. We offer many advantages over conventional commercial lenders, with the primary advantages being the ability to get commercial lending without credit or if you are self-employed. There are many others:

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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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