At SCM we specialize in Ft Laduerdale commercial hard and private money on small balance commercial properties and real estate valued at 50,000 to 5 million dollars. If the banks have turned down your commercial hard money request and you need a quick answer and have equity in your property we can provide 24 to 48 hr answers. Ft Lauderdale commercial hard money market is doing very well and many borrowers need and infusion of cash however then get declined by their bank or credit union when they or trying to expand their business.
At SCM we pride ourselves on having millions in capital to meet your equity based commercial real estate needs with ltvs up to 70%. Since we do not require credit we can focus just on the equity in your commercial property such as multi family, mixed use, retail space, strip center, office building, golf course, land, boat docks, apartment complexes. We offer commercial land loans when nobody in Florida or doing those types of loans with ltvs up to 45 to 50% all types of commercial land development. If you own your Ft Lauderdale commercial property free and clear or paid off our underwriters can give you one day answers! If you need to pull cash out or refinance your Ft Lauderdale commercial building not matter how bad the the credit we can certainly help you get the cash you need just based on equity nothing else. If you have had a previous foreclosure no problem, if you cant show positive income on your business income taxes no problem, easy underwriting is our specialty. Our underwriting will look at your business bank statements and ability to make the payment on the loan, "make sense underwriting" we or looking to make your deal work based on common sense approach. Typcially answers will be within 24 hours depending on any liens on your property, judgement and how much equity in your commercial building. Rates or 9% to 12% no upfront fees, or inspection fees or expensive bank appraisal costing you up to 10,000 and a bank still might turn you down.
Our streamlined commercial loan approval process is stress free and we have you meet our private investor face to face the person who is funding your loan, this give you personalized service and a different approach and a bank that can be cold and confusing and takes up to 90 days to get approved. At SCm our equity based lending approach will help get the cash you need on your Ft Lauderdale commercial loan request. Use the cash out for any thing you need to pay off debt, expand your commercial building, pay off property or income taxes, or purchasing new equipment we can get you approved today. We can help you with your Ft Lauderdale commercial land request that very few hard money lenders can offer with approvals up to 50%. Any type of commercial land waterfront, downtown , development, rural, or if you own the parcel free and clear and need to pull cashout to work on your commercial building at SCM we can help you now.
"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