Commercial Hard Money to Loan or Not to Loan is the Question

Commercial Hard Money to Loan or Not to Loan is the Question

Commercial hard money does not fit everyone’s purpose for commercial real estate financing.

Not to Loan Commercial Hard Money

We have teamed up with local retail commercial bankers in Southwest Florida who are interested in assisting us with our conforming customers. If you have decent credit scores and enough equity in your property to finance, a conforming commercial loan with a low interest rate would best fit your circumstances. Even if you are a few points away from conforming commercial financing, we suggest fine tuning or fixing your personal credit instead of considering commercial hard money first.

To Loan Commercial Hard Money

A recent client of ours had a 520 credit score, he was approved for a micro commercial hard money loan for his multi-unit property. The key factors of this loan approval were:

1. The property was free and clear, there were no existing liens on the property

2. The client had past good mortgage history

3. The client requested only a 25% loan to value on the property

Making this loan sounds easy, however, it was not, there were so many obstacles in this transaction, however, we  worked well with lender who took the loan to their loan committee and approved it.

Please send us your commercial loan scenario, whether it is conforming or non-conforming commercial financing. We have local conforming commercial bankers and non conforming commercial lenders ready to work for you.

For more information on how we can help you locally with commercial lending in Naples FL, Bonita Springs and Fort Myers 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 Professionals on our Testimonials page

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