If you have a commercial property investment, you have accumulated equity available for additional property purchases, renovations, or expansions. Shop Commercial Mortgage can help get you that equity using a hard money commercial loan.
Hard money commercial loans are secured by the equity in the existing property. The advantage of this is the ease and rapidity to get you the money you need. No cumbersome conventional mortgage processing, no need to review owner credit ratings, and so forth. We can typically close a commercial loan in 14 days or less.
Our underwriting process is fast, because we are reviewing the property asset, not the creditworthiness of the borrower. This allows you to get a head start on your competition if you are buying a new property. You can start renovations or buy needed new equipment for your business without having to wait months for an approval.
Using Shop Commercial Mortgage also protects your personal assets. We use the equity in the commercial property and do not require you to connect your personal assets to our financing. This can offer you protection against bankruptcy. We also use a loan-to-value (LTV) ratio based on the real estate itself, therefore you cannot borrow more than a percentage of the real estate’s value, providing you additional protection.
Contact Shop Commercial Mortgage today at 813-368-9919 for more information on how you can get access to the accumulated equity in commercial properties you own.