Commercial hard money loans are secured with property equity, making credit checks and extensive financial examinations unnecessary. This makes hard money a perfect fit for self-employed borrowers, property owners with less than perfect credit, or any commercial borrowers looking for a fast source of cash for property improvements or business expansions.
At Shop Commercial Mortgage, you will get confirmation of approval from our underwriting team in 24 to 48 hours after we receive your paperwork. Depending on the property, you can save thousands of dollars in not having to endure property appraisals. Also, the closing will occur in 21 days or less, compared with weeks or months from conventional lenders!
If you are a commercial property owner and have any of the reasons above keeping you from running your business, contact Shop Commercial Mortgage today and let us show you how easy a commercial hard money loan can be! Call or text us today at 813-516-5210.
"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