Commercial Hard Money Loans
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As lenders specializing in commercial hard money loans for real estate, we have discovered that investors often have difficulty finding bank financing for under-utilized commercial real estate, simply because there is no cash flow coming from the asset.
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We'll guide you through the maze of commercial real estate loans.. Unlike most other types of financing, hard money loans come exclusively.
A hard money loan is also known as a bridge loan, it bridges you from a temporary situation to a more permanent situation. The goal is to be bridged from a hard money situation to a more conventional situation where you’re going to go from a very expensive interest rate payment per month to something much lower.
A new construction hard money loan is a short-term loan used to finance the construction of real estate investment property. Like other hard money loans for construction or renovations, a portion funds are distributed at closing to finance lot acquisition, and the rest are held in escrow.
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Hard Money Man LLC is a New Jersey based private money lender. With over 20 years experience in being hard money lenders and private money lenders, we have closed and funded over 7,500 loans totaling over 1.2 billion in transactions.
Hard money loans are inherently risky, as you’re putting your commercial property up as collateral. That means that if you default, the lender could decide to seize your property. This risk might be.
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