Our investor network is ready to help strip center property owners recover cash from the accumulated equity in their properties. We can arrange for loans from $50K to $5M depending on the property’s value. Our program is perfect for those who are:
- Dealing with credit issues
- Have good credit but claim repeated losses on taxes for depreciation expense
- Have a previous foreclosure or bankruptcy
Shop Commercial Mortgage’s investors use the equity in your strip center as collateral for their loan. We can typically offer 50-55% of the LTV once our investors meet with you and inspect the property. We can work with owners who have strip centers in good condition and have 60% or better occupancy. If you own a strip center that is free and clear of a mortgage we can normally get you approved and financed within 21 days.
Another advantage of working with Shop Commercial Mortgage is our “makes sense” underwriting. We are not burdened by cumbersome commercial bank rules regarding income, credit, or self-employment. If you have been trying to get money out of your strip center and can’t get approved by conventional lenders, come to us. Here are just some of the reasons to finance through Shop Commercial Mortgage:
- No upfront fees
- Coverage throughout Florida
- Loans from $50K to $5M
- Bad credit is not a problem
- Rates 9-12%
There’s no reason to keep struggling with conventional lenders to get your hard-earned equity out of your strip center. Call or text Shop Commercial Mortgage today at 813-368-9919 or email firstname.lastname@example.org.