Hard money lenders sometimes get a bad name. Usually, when you think of money lenders, you think of people you meet in dark alleys. They are big, tall, scary men who deal in the shadows. In reality, hard money lenders are nothing like that. They are business people who are in the money business to help out business and property owners. If you think that a hard money lender might be able to help you and your business, here’s more information.
Mortgage refinancing is often used by consumers to obtain a lower interest rate when the market is favorable. But there is a way to get cash out of your home or investment property to fund an existing business or even create a new one. Here is how cash-out refinancing from Shop Commercial Mortgage can be an important funding source.
Commercial mortgage loans don’t have to be intimidating. If you are a business owner, a commercial mortgage loan can help you run your business. Whether you’re looking to enhance your business with small upgrades or you want to expand your locations, a commercial mortgage loan can assist you. Here’s what to know when applying for a commercial mortgage loan:
Running a business is expensive. Everything, from simple improvements to expanding locations, costs an exceptional amount of money by normal standards. The key to modern financing is the commercial mortgage loan, a complex instrument that allows you to borrow against the value of your business.
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.
Seeking a loan for a commercial reason? If so, a commercial mortgage is perfect for you. Learn what a commercial mortgage is all about by continuing on with this blog post.
Paying off a hard money loan is the goal of every property owner, yet it can require several steps by the borrower to prevent problems. In many cases, a hard money loan was obtained to pay off a private mortgage. Some private lenders may have problems offering a clear payoff amount which allows the borrower to obtain a new loan. Shop Commercial Mortgage makes this process simple by carefully tracking your loan details, and we will work with private lenders when needed to clarify a payoff amount.
Are you in need of commercial mortgage refinancing? If you are, there is a lot to know before moving on with a loan company. For what you should know about commercial mortgage refinancing, just continue reading.
"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!"
