Not all private money is hard money. Hard money while it comes from private sources usually has higher pricing due to it's more liberal underwriting such as allowing for poor credit or having to go completely stated.
Other private sources provided loans when banks say no for simple reasons such as type of property or some small credit issues allowing for better rates. Private funding will also provide financing to finish a rehab property or due a cash out.
If your credit is not bad and your property is cash flowing or you are trying to get it ready to do so. You can still get a good short term loan, with out paying those high hard money rates and fee's. Many banks are truning loans down for simple reasons.
Our private funding source offers flexible guidelines and rates start in the 7%-10% range. And require no upfront fee's
Purchase
Refinance
Cash out on a case by case.
Loan programs tailored for commercial real estate.
~ Loan amounts of 1 million & up
~ Quick and easy closings
~ Cash out available
~ Difficult, unique and non-conforming properties
~ Less than perfect credit - OK!
Hotels,apartments,mobile home parks,marinas,mixed used,light industrial,hotels,car washes,mini storage and more.
LTV for private money
up to 65% for real estate
35% for raw land.
NO UPFRONT FEE'S !!
The only thing you will have to pay upfront is third party fee's such as appraisers and title insurance for example.
This source only works with principals. If you are a mortgage broker and need help with your commercial financing needs I have other sources for all types of loan programs.
Roberto
Unusual Commercial Loans Connected
916-847-7212
BEST OF ALL I CHARGE YOU NOTHING TO HELP YOU PLACE YOUR LOAN!
If this sources does not work and you really need hard money we have multiple sources with aggressive rates and fee structures.