Commercial Real Estate Financing
We offer both long and short-term real estate financing solutions, including acquisition and permanent. Our solutions support business owners who are looking to purchase or refinance a property, . Our real estate financing options vary in length from 1 – 30 years with affordable rates.
Hard Money Loans
When a business’ credit score is less than desirable, or they have been denied a loan in the past, our hard money loans are a great option for funding. Instead of using credit history as collateral, some type of physical property (asset) is typically used to ensure repayment.
Traditional banks do not offer this type of loan which can make this loan even more difficult to obtain. Our hard money loan APR varies depending on size and scope of loan needed and can be anywhere from 9% to 18%. Applicants will need 65% – 75% Loan to Value ratio for approval. A hard money loan is typically more desirable and attainable than a traditional loan for businesses who do not meet traditional criteria or have a lower credit score.
We offer short-term loan options which are typically repaid over 3 years while waiting for long-term financing to be funded. Most commonly known as a bridge loan, these are also known as “caveat loan,” and, less often, as a swing loan.
These short-term loans allow the borrower to meet current financial obligations by providing immediate cash flow. Funding can be used to pay employee wages, business utility bills and other accounts payable. We provide bridge funding options for businesses who are applying for long-term loans so that they can avoid delay in operations. With low APR, a bridge loan is typically approved for seasoned businesses with experience and a comprehensive portfolio.