Q. What types of loan programs are considered alternative commercial lending?
A. Hard Money Bridge and A minus paper commercial lending. Also, any type of commercial real estate that is distressed, foreclosed, or hard to finance due to property type
Q. I have a 700 middle credit score, but the property I need to finance is a mixed use, will I be paying a double digit interest rate for a commercial real estate loan?
A. Not at all, as long as you have good credit scores, established equity in the property and healthy business receivables, your property would easily fit into a alternative commercial loan program. Some commercial lending products we offer require no tax returns if you have a credit score of 680 or better
Q. The commercial property I would like to purchase is in foreclosure, my local bank does not want to finance the property due to the current foreclosure status, so now what?
A. If the commercial property does not have healthy receivables and you would like to turnaround the entire plaza, apartments, or etc., your option would be a short term commercial hard money bridge, especially for fix and flip properties.
Q. Are you a direct lender?
A. No, we are not a direct lender; we have a wide array of commercial real estate lenders we work with nationwide. We do not have any upfront fees for any type of commercial lending or business financing. Our consultations are free.
Q. How long does the process take?
A. 14 to 30 business days
What types of commercial properties do you finance?
Q. Do you service customers outside of Florida?
A. Yes, we certainly do. We have a location in Newport Beach, CA
Q. Is it easy to exit out of my commercial hard money bridge loan?
A. Exiting out of a commercial hard money bridge is simple, as long as you have an exit strategy in place and there are no prepayment penalties attached to the loan. An exit strategy may consist of selling the property immediately after the renovations or refinancing into a conforming commercial real estate loan., which we have access to.
For more information on how we can help you obtain alternative commercial loan in Newport Beach CA and Laguna Beach CA please fill out the online contact form about your concerns or give us a call at 855.477.9007. Read what our valued clients have to say about First Pro Capital and Credit Consulting Experts on our Testimonials page.
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