Ads
related to: commercial real estate lending guidelines ohiobestmoney.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
Real estate investors commonly rely on hard money loans to manage multiple flip projects. Hard money loans deliver cash quickly but at a higher interest rate compared to other types of financing.
Commercial lenders include commercial banks, mutual companies, private lending institutions, hard money lenders and other financial groups. These lenders typically have widely varying standards on which they base their loan criteria and evaluate potential borrowers—but are often focused exclusively on the private market and have more lenient financial qualifications than banks.
A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex.The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
Commercial real estate loan. Designed for businesses that want to open a physical location. The money can be used to purchase property or lease space. May be able to borrow as much as $5 million.
These may include vehicle titles, real estate documents, equipment information and bank account statements. Be prepared to provide appraisal information to substantiate the value of your assets.
Ad
related to: commercial real estate lending guidelines ohiobiggerpockets.com has been visited by 10K+ users in the past month