Hard Money Loans
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Are you looking for a loan for buying new land or property for the growth of your business, but your loan petitions are getting rejected due to your low creditworthiness, short sales, or recent foreclosures? Commercial Real Estate Loan Pros of Orlando can help you get out of this situation. We can help you provide finances for your company’s or business growth through hard money loans. Even when the banks reject your petition for loans, Hard money lenders can provide you with loans as they use the property borrower owns as collateral.
We are the best-known company for providing finances for businesses in Orlando, Florida (FL). We have handled thousands of projects with perfection and will always help you with your commercial real estate projects in the best manner.
What is a Hard Money Loan?
Hard money loans are similar to bridge loans and are short-term loans secured by the property of the borrower. They basically don’t depend on the ability of the borrower to pay but on the value of the property they acquire. Hard money lenders lend money based on the subject value of the property.
Such loans are lent by individuals or private investors or a fund of investors, and the terms are usually for one year. But they can be extended for a longer period of time such as 2 – 5 years. This loan has a requirement of paying a monthly interest or the whole payment at the end of the term.
Commercial Real Estate Loan Pros of Orlando can help you to provide the best and reputable hard money lenders within Orange County. A hard money loan can be provided on almost every property like single-family residential, commercial, industrials, as well as multiple-family residential.
How do Hard Money Loans work?
Though the borrower’s creditworthiness doesn’t matter in qualifying for a hard money loan, there are numerous other factors that the lender considers before any approval, which include debt – to – income (DBI), loan to value (LTV), and home equity. Hard money loans can be approved within the same day or in one day or two if the requirements are fulfilled.
Hard money loans can be funded within a week, unlike banks which take 30 – 45 days for funding. If you cannot repay the loan for some reason, you have to refinance the loan or pay the penalties, or the lender will take over the ownership of the property used as collateral.
Why choose us?
Our company Commercial Real Estate Loan Pros of Orlando is a full-service company and can help you to meet every financial need and every kind of loans like multifamily loans, construction loans, and many more. If you tend to receive services from our company, you can expect flexible conditions too. So, if you need to change the repayment date or related things, you can easily contact our professionals.
Our company can provide you with hard money loans as soon as possible. We don’t require a pile of documents like banks but only two to three documents, as discussed earlier. So, if you need quick services and easy funding, contact us on our helpline number.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.