Small Balance Florida Commercial Hard & Private Money Call or TEXT 813.516.5210 brent@floridahardmoneyloans.info

Commercial Loan Criteria

Shop Commercial Mortgage offers commercial hard money loans in as little as two weeks once we obtain your documentation. We use your equity in a free and clear or very low balance mortgaged commercial property. We charge no upfront or site visit fees; the only fee you may need to pay is from your property appraiser.

Here are the specifics for our commercial loan program:

  • Loan Size — $50K to $10 M

  • Down Payment — 50% required for new commercial property purchase

  • Rates — 9-12% for Florida loans

  • Terms — 1/3/5/7 years

  • LTV — 55% for straight commercial loans

  • Brokers — Can make 1-2 points

  • Timing — Commitment in 72 hours, typically financing in another 7 days

What do we need from you for a Florida commercial hard money loan?

  • Completed application

  • Photographs of the property

  • Copy of franchise agreement if applicable

  • Copy of leases or rental agreements for income-producing properties

  • 12 months of bank statements

  • Copy of a purchase contract if a new property

  • Copy of your articles of incorporation if applicable

  • Copy of a survey

  • If cashing out, explain the purpose

  • Property tax information

  • A summary of your credit and any outstanding liens/judgments

  • Building appraisal

  • Private investors must show your license

Shop Commercial Mortgage will work hard to make your commercial loan process as painless and efficient as possible. If you have a critical need for fast financing please let us know and we will expedite our underwriting. For more information on our commercial loans in Florida please call or text 813-516-5210.

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TESTIMONIALS

"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

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