Site hosted by Angelfire.com: Build your free website today!


Private Commercial lender
||| Multifamily ||| Office ||| Mix Use |||
‘Hard Money’ in general refers to the loans that are placed privately and needless to say it is very much different from the loans that are given by ‘high-street institutions’ that have very inflexible funds strategy for assets used as security and the borrower’s credit value.

There are certain advantages of making use of a ‘hard money lender’ wherein they do not ask for any qualifications from the borrower to close a transaction. Additionally, they close the deals very fast. A great majority of hard money lender help you providing funds for closing in on real investment deals and hard money is a very good strategy if one seeks money within a short notice period.

The hard money lender is a specific financial company that lends money and they offer a specific type of loan that is backed on real estate. These specific types of loans are basically the ‘short-term-loans’, also popularly known as the “Bridge-Loans”. These loans provide money based on the real estate value that has been used as security for the loan.

However, hard money lender charge exorbitantly high interest rates compared to the ‘high street banks’, as they are able to finance the deals that are beyond the standards of any conventional bank.

hard money lender offer a variety of necessities on the percentage of loan-to-value, the kind of real estate and the minimum size of loan for the hard money. The hard money loans are found to be costlier as they are not designed on the conventional ‘credit strategy’ that protects both, the investors and the banks from higher rates of default.

hard money lender do not need even the income proof. Primarily, they do experience high default charges and that is why they end up charging a high interest rate. Companies and individuals take hard money loans when it is not possible for them to get the usual mortgage funding as they lack good credit and also other essential documentations.

A property is termed as commercial, if it is a residential or a non-residential with more than five sections. The private commercial lenders take in any unit that makes mortgages on the private commercial assets. Such private commercial lenders could vary from private commercial banks that are large to the private persons who invest in these deeds.

Many private commercial lenders also provide portfolio Lending services to their clients. Such professional ‘private commercial lenders’ generally manage profitable mortgages with the purpose of keeping the generated benefit as part of the corporation's portfolio.

The most common kinds of portfolio lenders are the life insurance companies and various other commercial banks. The ‘commercial mortgage-backed securities (CMBS)’ enable the investors to take part in the private commercial lending. The hard money lender and the private commercial lenders not only render the mortgage services but also collect the interest expenses on behalf of the depositor. The banks normally own the sub prime Lenders. They specialize in making of loans to the people having short credit gains, which prevents them from acquiring finance through the usual private commercial lenders.

Call 1-888-892-3496