Ft Lauderdale Commercial Loans | Florida Hard Money Investor
A hard money loan is asset-based and is often secured through property. There are a lot of commercial hard money Investors, but it can be hard to find the right one for you. Commercial hard money Investors often invest out to specific types of properties, like apartment complexes, hotels, office buildings, homes, warehouses, or strip centers. It is important to find a commercial hard money Investor that will work with you in your specific situation.
There are many reasons to choose a commercial hard money loan for your financing, like new construction or property rehab, cash-out financing, or commercial bridge loans. If you have bad credit, are self-employed, have recent bankruptcies, or you have been turned down for a loan from a traditional bank, you might also be able to get a commercial hard money loan.
One benefit of hard money loans is that they often have short closing times. With Shop Commercial, there are closing times of 21 days or less, with terms of 1/2/3/5/7 years. Interest rates vary for commercial hard money loans, but usually, range between 8% and 21%. Shop Commercial offers access to loans with interest rates between 8% and 12%.
Once you find a commercial hard money Investor that is right for you, you will need to be prepared with information about your property. They will likely want to know the worth of your property today, the current financing situation, your projections for the property, and the plan you have for the money. You will also need to provide specific documents, like bank statements.
If you are looking for a commercial hard money loan, consider our dedicated Miami private investors. Shop Commercial has a portfolio of private and hard money Investors that can help you get the commercial loan you need. Call us today for a quote and consultation at 813-368-9919 or apply for a loan online.