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!
HERE ARE SOME REASONS WHY YOU SHOULD GET YOUR COMMERCIAL FINANCING FROM SHOP COMMERCIAL MORTGAGE:
- WE HAVE NO UPFRONT FEES
- OUR CLOSING TIMES ARE FAST, GETTING YOU THE MONEY YOU NEED FOR YOUR BUSINESS
- WE SPECIALIZE IN HELPING SELF-EMPLOYED BUSINESS OWNERS
- OUR QUOTES ARE ACCURATE
- WE WILL GET YOU THE MOST MONEY YOUR PROPERTY WILL QUALIFY FOR
WHAT ARE SOME OF THE PARTICULARS OF OUR COMMERCIAL LENDING PROGRAM?
- OUR RATES RUN 8-12%
- WE OFFER LOAN TERMS OF 1/2/3/5/7 YEARS
- LOANS CAN BE APPROVED FOR $50K UP TO $10M
- WE CAN OFFER CLOSINGS TO LLC AND PARTNERSHIP BORROWERS
- WE ONLY NEED TO SEE 12 MONTHS OF BANK STATEMENTS
- WE CAN APPROVE LOANS WITH ONLY LEASE INCOME
- NO CREDIT CHECK NEEDED — THE LOAN IS SECURED BY PROPERTY EQUITY
- A BUSINESS LOSS ON INCOME TAXES IS NOT A BARRIER TO FINANCING
- INVESTORS ARE PROTECTED
- OUR DOCUMENTATION REQUESTS ARE EASY TO SATISFY
- SUBPRIME SCORES ARE ACCEPTABLE WITH ADEQUATE EQUITY
HERE ARE A FEW OTHER REASONS:
- 1. THE BANKS HAVE TURNED YOU DOWN.
- 2. YOU HAVE INCOME VERIFICATION ISSUES.
- 3. YOU HAVE RECENT BANKRUPTCIES OR FORECLOSURES.
- 4. YOUR DEBT TO INCOME RATIO DISQUALIFIES YOU FOR CONVENTIONAL LOANS.
- 5. YOUR CREDIT RATING IS LESS THAN PERFECT.
- 6. YOU HAVE COMMERCIAL PROPERTY OR LAND IN FLORIDA, NEW YORK, OR CALIFORNIA AND YOU NEED MONEY FAST.
- 7. PROPERTY TAXES ARE DUE ON YOUR COMMERCIAL PROPERTY.
- 8. YOU ARE LOOKING TO PURCHASE A BUILDING AND THE CONTRACT IS GOING TO EXPIRE.
- 9. YOUR SELF-EMPLOYMENT DISQUALIFIES YOU FOR CONVENTIONAL LOANS.
- 10. YOU NEED TO MAKE PAYROLL.
- 11. FOR ANY OTHER COMMERCIAL REASON WHERE YOU NEED MONEY AND YOU CAN’T GET THE BANKS TO TALK WITH YOU.
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 813-368-9919.