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.
While the world of commercial finance is vast and complex, the basic approach to borrowing money is amazingly simple. When financing a large project, you must either borrow money from a traditional financial institution or seek out a hard money lender. While traditional loans are more familiar, there are several aspects of hard money you should consider.
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.
Sometimes business owners struggle with financial issues, and that’s OK. However, when struggling with finances, some banks and traditional lenders won’t allow you to obtain commercial real estate equity loans. If you have built equity in your commercial business location, you deserve to be able to tap into this equity. That is where Shop Commercial Mortgage comes into play. At Shop Commercial Mortgage, we are dedicated to helping individuals receive the commercial real estate equity loans they deserve, no matter their financial situation. To learn more about how you can leverage the equity in your Florida commercial real estate when the bank says no, just keep reading.
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.
At Shop Commercial Mortgage, we specialize in self-employed borrowers. We know that borrowing as a self-employed individual creates challenges, but we can accommodate your needs. Let us help you today.
If you have been interested in using hard or private money for your next commercial loan, you may have some questions about how this loan system works. Here is a quick tutorial on hard money loans:
Shop Commercial Mortgage provides commercial hard money loans for apartments, office buildings, restaurants, warehouses, hotels, and other commercial properties. Our loans are secured by free and clear equity in the properties which do not have existing mortgages or only small balances remaining on the principal mortgage. There are different types of commercial hard money loans which Shop Commercial Mortgage can provide (all are for Florida or nationwide unless stated):
"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!"
