You may be an experienced property investor or just starting to look at investing. In either case, cash is not always available to quickly secure a desired property before another investor snatches it up. But there are ways to invest in real estate without having to use your own cash, and one of them is a hard money loan from Shop Commercial Mortgage.
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.
Hard money loans, or private money loans, can sound intimidating. If you are interested in working with a hard money loan but are overwhelmed by the terminology, check out the following blog post on everything you to need to know about getting started with hard money loans.
Hard money commercial loans from Shop Commercial Mortgage are revitalizing the commercial lending market, and here are five reasons why this is happening:
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:
There are many good reasons why a commercial investment firm is a better choice than conventional lending when dealing with commercial property. Let’s review some of them:
Commercial mortgages are often needed by property owners for either purchasing additional properties or renovating to keep the existing property in top condition for their rental clients.
There are lots of real estate opportunities out there, but for investors, the hardest part can be finding the money to put into a real estate investment. For many of us, that money is sitting right under our noses. If you own a home and have been paying off your mortgage, you have home equity.
There may be times when you need money sooner rather than later and the commercial banks let you down. This may be the perfect opportunity to consider hard money lending. You obtain your money fast, typically in two weeks or less, and the paperwork requirements are far less onerous than required by the banks.
At Shop Commercial Mortgage, our investor network is looking for opportunities to put their money to work providing you loans against the equity in a commercial property. Our investors secure their investment against that equity, allowing you to get the money you need even if you have less than ideal credit, a bankruptcy, or a previous foreclosure in your record.
"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!"