Quick commercial loans. We’ve mentioned in the past that the traditional bank loan approval process can be lengthy and quite involved in regards to the documents they require. Private or hard money lenders can provide the necessary approval in days versus months.
Better offers. When there’s a commercial property that’s seeing lots of demand, an investor who comes to the table with a hard money loan more often than not has the best offer. Furthermore, a hard money lender is able to swoop in and save the day should a bank choose not to proceed with a deal for whatever reason.
Credit assistance. Credit scores and income will play major roles in whether or not a person will be approved for a loan. With hard money, it’s about the property being used as collateral, which means even those without sterling credit are able to secure the financing necessary to pursue a commercial real estate opportunity.
This update is by hard money lending Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money lending FL or hard money loans Miami, please call 954-816-0388 or fill out our application.