“Fix and flip” property management refers to the practice of buying distressed properties at a discount, making necessary repairs, and quickly reselling them to show a profit. It is a popular method for those with home construction or repair expertise. If you have a fix and flip property in your sights but don’t have the funds to purchase it quickly, Shop Commercial Mortgage can help with a hard money loan.
Real estate investment can offer a positive way to make some money, but like any business venture, it can take some money to make it. You have to have a capital fund to purchase that first business parcel and have added funds to renovate and pay taxes until it is sold. This can be difficult if you are self-employed or are not mentioned in the will of a rich relative. There are some ways to get funds for real estate investing, and here are three of them.
Hard money loans can offer many advantages to borrowers who have been discouraged by dealing with conventional banks and lenders. It is important to remember that there are brokers out there who may represent themselves as hard money lenders; to avoid hidden fees come directly to the hard money source at Shop Commercial Mortgage.
Shop Commercial Mortgage is your Florida source for commercial land loans. Very few lenders want to deal with commercial land but you can get your land loan from us. Our investor network is looking for opportunities in:
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.
"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