If you own a commercial property in Florida free and clear and need to obtain money quickly for renovations or business expansion, you may have problems getting that money from commercial lenders. Conventional lenders are usually locked into a business model where a borrower must show positive cash flow and tax records without losses to qualify. Self-employed commercial property owners can have difficulty obtaining fast cash for their business. Shop Commercial Mortgage can solve this problem for you.
A commercial hard money loan can come in handy when you’re seeking money, but struggling to gain approval from a traditional bank. Commercial hard money loans are designed to get money into borrowers’ pockets fast. If you’re interested in a commercial hard money loan and want to know what you will need to gain approval in Tampa, keep on reading.
Are you a business owner in need of some financial assistance? If so, you may be struggling to receive a traditional bank loan. Maybe a bank is going to take too long, or perhaps you are having a hard time getting approved. Instead of receiving a bank loan for your commercial needs, read on to learn why you should consider a commercial hard money loan.
If you are a Florida resident looking for commercial property and have had previous credit or paperwork problems, you should talk to Shop Commercial Mortgage. Our commercial investors are looking for equity-driven loans for commercial clients. The reasons why you should contact Shop Commercial Mortgage include:
If you’re in need of money, you may be considering a bridge loan. Bridge loans are most commonly used when investing in real estate, but they also serve an important purpose for borrowers in certain positions. To learn more about bridge loans and to determine if they are right for you, continue reading this blog post.
Shop Commercial Mortgage specializes in Florida self-employed customers who have trouble qualifying for conventional financing. Our investor network is ready to help you when the banks turn you down. Here are some of the advantages of dealing with Shop Commercial Mortgage:
Tampa Commercial Real Estate investors don’t have the time or patience to wait for conventional financing, and in many cases, the banks won’t finance speculative property or real estate flips. Shop Commercial Mortgage has an investor network ready to provide financing without all the cumbersome credit checks and endless paperwork.
Are you an Orlando area real estate investor
who has less than perfect credit or has been turned down by conventional lenders? Stop fighting a losing battle with them, come to Shop Commercial Mortgage and let our investors put your equity to work. Orlando has millions of visitors each year looking for rental property for their vacations, and perhaps you want to tap into that market with an investment vacation property. If you have no history with commercial property rentals the banks won’t likely underwrite you. This is where hard money can help.
Miami continues to offer commercial business growth, and even self-employed small commercial businesses can take advantage of opportunities there. The problem is that smaller businesses are often turned down for commercial loans either due to lack of credit or lack of interest by the banks to support small business.
"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!"
