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Hard Money Commercial Loans
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Hard money commercial loans offered through commercial hard money lenders, are typically used when conventional sources are not available for the borrower. Private money lenders are the answer for borrowers with unusual situations and or tight timing restraints. It is an expensive option due to the risk involved and is meant only to be a short term solution; to help the borrower resolve issues. The term bridge (as in bridge financing) is telling in that the loan, from the lenders perspective, is meant to “bridge the financial gap” while the borrower restructures debt and or sells the underlying asset.
The three biggest components in underwriting a successful hard money commercial loan are:
Commercial Hard Money, issues:
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STORE |
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Commercial Finance Advisors, Inc.
(248) 885-8797 Phone
(866) 337-3141 Fax
http://www.cfa-commercial.com/
261 E Maple Rd
Suite 13
Birmingham, Michigan 48009