Hard Money Commercial Loans
Hard Money Commercial Loans involve no or limited documentation of income or credit. For hard money commercial loans, funders will charge set up fees. Private Investors make Hard Money Loans on any commercial property or Real Property worth more than the Equity of that property. Normally, loans of this type can be processed much faster than any conventional loan. Typicaly, the initial fee may be $1,000.00 or more for hard money loans. In most cases a firm will charge interest on the hard money loan from 15% to 30%, or more, depending on the risk involved.
Hard Money Commercial Loans can be completed as “Bad Credit Commercial Loans” which are normally obtained through Hard Money Lenders. Although, many borrowers with excellent credit will get better terms on Hard Money Loans.
GlobalQuick CAPITAL funders typically charge a low set up fee and a low interest rate of 13% to 16% in most cases. You will have to put up commercial property or Real Property worth more then the hard money loan as Collateral for the Loan.
NOTE: GlobalQuick CAPITAL funders and will give you a free quote with no obligations!