Tag Archives: commercial hard money

Real Commercial Hard Money Lending in the United States

"True" Commercial Hard Money Lending
 

What is commercial hard money lending

Commercial Hard Money Lending"True" commercial hard money lending is actually lending based upon a percentage of the value of a tangible asset, mainly commercial property. Over the years there have been many different commercial hard money lending programs. There are commercial hard money lending programs for troubled businesses, possibly in bankruptcy reorganization. There are commercial hard money lending programs for businesses with property that need capital quickly whereby borrowers don’t necessarily concern themselves about the structure of the loan or the repayment terms. There are commercial hard money lending programs that work for commercial property acquisition and cash out refinancing. There are commercial hard money lending programs for development and construction projects and raw land acquisition. But there are also commercial hard money lending programs that are termed "flash cash" which is really short term, one day, transactional funding for commercial property purchases that are considered a type of commercial hard money lending too.

But real, true commercial hard money lending done as it was meant to be done, is purely based upon the asset and its actual value and not based upon the borrower’s personal qualifications. So no matter what your credit score looks like and no matter what you have going on in your personal life, if you you have an actual, tangible commercial property with value and equity then you "qualify" for commercial hard money lending under our investors guidelines. The point to be made is that real commercial hard money lending is based on the value of the property versus assets of the individual. So, as a true commercial hard money lending source we only look the "mechanics" or "nuts and bolts" of the property to make the transaction work. This would be the current "as-is" value, the current balance owed, the completion values of the property (for construction projects) and the amount of the loan requested. That's it… And, and if there is enough value in that property to make the loan "work" then the loan can be made regardless of the borrower’s credit scores or personal situation.

The bottom line is that for commercial hard money lenders it is not about the borrower rather, it's about the property value. It should be further noted that it doesn't matter how much money the borrower brings home each week or what the bank statements say or his adjusted gross income on his tax return. It's not about where he came from, where he lives or even how he lives and it has nothing to do with his past experiences whether successful or failures. It is not about anything other than value of the property. So if you are talking to any commercial hard money lender and they are putting more weight on you as the borrower than the property, you are surely talking to the wrong type of lender because they are definitely not a commercial hard money lending source. Rather, you are really speaking to a regular conventional lender in disguise. The truth is that if someone is concerned about you as the borrower than the commercial property asset then they are not a viable commercial hard money lending source. Hard money lenders only care about the value of the property and that’s it. 

WestshoreMortgage.com has been offering true, commercial hard money loans on US properties since 1993. Since that time we have acquired direct access to several, true, commercial hard money lending sources who only use the value of the collateral for lending purposes. We offer free, initial feasibility reviews to examine the mechanics of the commercial hard money lending request to determine the likelihood of successfully funding your commercial hard money loan. CaribbeanMortgageLoans.com offers commercial hard money lending for commercial properties located in Mexico and the Caribbean.