When presenting a deal to a hard money lender, make sure you are clear, concise, and understand your overall project. Hard money lenders focus on the property’s value, your experience, and your exit strategy.  Hard Money Bankers only needs to know some basic information related to the property address, property type, value, purchase price (or payoff balance if a refinance), construction costs and rents in place to determine if it something they can help with.  You can reach out anytime to discuss via email, phone or online loan application.

Getting a commercial loan from Hard Money Bankers is relatively easy compared to traditional financing since the approval process is based more on the property’s value or viability of the overall project than credit and income history. Most lenders will require down payment funds, a clear exit strategy to repay the loan, and typically have higher interest rates than banks (e.g., 12-14%). The approval process and overall transaction are usually much faster than a bank (ex.. a few days instead of a few weeks)

Hard money lenders (including Hard Money Bankers) fund their loans with private capital rather than traditional banking systems. This allows them to provide fast, flexible and creative financial solutions to commercial real estate investors.  Hard Money Bankers makes the lending process very easy for our commercial property owners.  Feel free reach out to us via email, phone or apply online.

Commercial hard money lenders (that lend their own funds) have no minimum credit score because they focus more on  the property value and the overall real estate project. Although lower scores may still qualify for a loan, you can expect higher rates and larger down payments if credit is low. The lender usually prioritizes the property value, borrowers equity and down-payment instead.  Hard Money Bankers has no mimimum credit score requirement.

Hard money lenders do require a down payment on a commercial purchase, typically ranging from 20% to 50% of the property’s purchase price. The exact amount depends on factors like the lender’s risk tolerance, credit score, the loan-to-value (LTV) ratio and the borrower’s experience. In some cases, experienced investors or those securing properties well below market value may negotiate lower down payments or even 100% financing with additional collateral.  Hard Money Bankers offers higher leverage if the client has additional collateral.

Depending on your situation a Hard money lender can be worth using, but they come with pros and cons. They offer fast, asset-based loans with flexible terms, making them ideal for real estate investors and commercial property owners. However, they often come with higher interest rates, shorter repayment periods and additional fees. Whether they are worth it depends on your situation, time frame, credit score and ability to manage the loan terms effectively.  Most real estate investors are opportunistic and would rath pay slightly more for the capital (and use a hard money lender)  in order to secure the real estate investment project.

Hard money lenders tyically don’t have minimum credit score requirements because they do not focus as heavly on a credit score like a bank would. Yes, many hard money lenders pull credit, but it is usually not the primary factor in their lending decisions. Unlike traditional lenders, hard money lenders focus more on the real estate property along with the property’s value and equity than the borrower’s credit score. A higher credit score can sometimes lead to better loan terms, lower interest rates, or reduced down payments. But even borrowers with low credit can still qualify if they have a good project and a solid game plan (have the ability to execute/perform on their project).  Hard Money Bankers has no minimum credit score requirments on commercial loans.

Real estate investors and commercial property owners borrow money from hard money lenders for several reasons, primarily when they need quick and flexible financing that traditional banks cannot provide. Hard money loans focus on the property’s value rather than the borrower’s credit score or income. These loans allow faster approvals and funding (often within days), flexible terms, and financing for properties that banks may not approve. Real Estate Investors also use hard money loans when they need short-term funding, such as bridge loans, or when competing with cash buyers in competitive markets. Most Hard Money Lenders charge higher interest rates and fees, which typically only makes sense for shorter-term projects.

Yes, we do bridge loans on commercial properties.  Most commercial property owners use Hard Money Bankers for our quick turn-around and flexible process.   Most of our loans on commercial properties can close in less than 2 weeks (quicker on investment residential properties) and our due-diligence items needed is way quicker than a traditional bank or commercial lender.

A commercial hard money loan is a short-term, asset-based loan used to finance commercial real estate projects. These loans are funded by private investors and lenders or investment groups and are secured by the value of the property rather than the borrower’s creditworthiness or financial history. These loans are also called Bridge loans if the borrower already owns the commercial property and looking to refinance it.