COMMERCIAL REAL ESTATE LOANS - Commercial Bridge Loan
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COMMERCIAL REAL ESTATE LOANS

Commercial hard money real estate loans where unlike the SBA, owner occupancy can be below 51%, even as low as 10%. Low owner occupancy loans are one of our specialties.No minimum Debt service requirement (DSC) loans unlike the SBA and many commercial lenders which often have an arbitrary debt service ratio minimum.

Below 700 credit score commercial loans.Small Commercial Loans under $1 Million. We do commercial loans down to $500K, sometimes lower.Jumbo bridge loans for investment properties with LTVs up to 75%.

Non Owner Occupied Condo loans. A lot of lenders won’t do these. These can be residential and commercial condo loans. The commercial condo loan can be owner occupied.

Self-storage loans, purchase and refinance.Quick bridge funding loan with a prior bankruptcy or foreclosure as long as it has been 2 years. Same for Deed in Lieu.

No proof of down payment funds commercial loans or no down payment seasoning commercial loans although we will lower the LTV amount by 5%.

Commercial bridge loan rates from 6.99% to 10.99% for the above alternative SBA loans. So if you’ve been turned down for an SBA loan, give us a call. We’re here to help.

Commercial Bridge Loans Above $10 Million

What is a Commercial Bridge Mortgage Loan

What is a Commercial Bridge Mortgage Loan usually offered by hard money mortgage lenders
Quick Bridge Funding loans on commercial properties are simply commercial loans to bridge a gap of some kind. These “gaps” can be physical or financial. They essentially are fast loans with much less underwriting to either get a business through a bad period (avoid foreclosure, etc.)  or to get a purchase done for a buyer to not miss an opportunity due to traditional long underwriting periods as well as give buyers time to stabilize a property to get it ready for a conventional commercial mortgage. Bridge mortgages carry higher interest rates and lower LTVs.

Once a customer experiences a “blip” in credit (even unrelated to their commercial loan) or pay history, most banks will ‘show them the door’ and often not giving them sufficient time to acquire a new replacement loan. If the borrower is behind on their payments, catching up rarely avoids being told to go elsewhere.

These scenarios are exactly what commercial quick bridge financing aka hard money lending are for. They can close quickly and provide a short term (bridge) solution for the borrower to avoid foreclosure which of course makes it next to impossible for the borrower to get a new traditional loan for years and while a commercial aka hard money bridge loan can be expensive, the alternative is dramatically worse.

Another situation where hard money bridge financing is appealing is for buyers of commercial real estate who want to seize an opportunity but the time frame for a traditional commercial bank loan (45-60 days or more if it’s an SBA loan) is to short. Rather than lose the opportunity, the buyer pays the extra financing costs to buy time since they close much faster, although traditional hard money loan rateswith hard money mortgage lenders are in double-digits.

Call Us 7 Days a Week at 877-655-5625 or 828-689-4683

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e-mail Us Your Scenario at [email protected]

A third situation where commercial real estate bridge loans come in handy is when a buyer needs to stabilize a commercial property physically (repairs or renovation) or financially (rent out available spaces or raise rents if they are under market) before it could qualify for traditional financing.

In summary, every prospective commercial hard money loan recipient of large commercial property bridge financing has to

1) Do the math to see if the extra cost with hard money loan rates in the short term makes sense long-term and/or

2) Look at the big picture. This type analysis takes the emotions out of the decision, which is very important for the business and business owner.

 

Also, you may want to read this if you’ve been turned down for a commercial bridge loan.

Our Quick Bridge Funding aka Commercial Bridge Loan Programs FAQs

  1. Can I get a temporary hard money bridge loan to avoid Foreclosure of my commercial property? Absolutely
  2. Are these type short term commercial real estate loans also called temporary commercial real estate loans? Sometimes, yes.
  3. Are these hard money bridge loans also called hard money loans? Yes
  4. Do you do assisted living financing? Yes, we have assisted living loans including rehab assisted living loan programs.
  5. Is there any such thing as a low rate commercial bridge loan mortgage? Yes but very, very few. We are one of them although not every one that apply for bridge mortgage loans is approved. Every case is unique.
  6. So you are saying I may can get a short term loan to save my commercial property from foreclosure? Often times, yes.
  7. What if my commercial property is set for a foreclosure sale? Is it too late to apply? Maybe not, although you may need to file corporate bankruptcy to buy us some time.
  8. Can I get a bridge loan for my commercial property with poor credit? Yes, our loans are based on the asset not your personal credit.
  9. How long are most bridge mortgage loans? They are usually 3 year loans.
  10. What about geography requirements? We are nationwide so we are bridge or hard money lenders in Chicago, Las Vegas, Houston, Miami, New York, Florida etc. Also, don’t forget, we have low rate bridge financing programs too.
  11. What are your commercial real estate loan rates? Our commercial property financing rates vary by situation but can be as low as 5.5%.
  12. Do you have programs for stopping foreclosure on a commercial property? While our programs aren’t necessarily designed to stop a commercial foreclosure, we can often stop a foreclosure sale  either through a corporate bankruptcy or with a little cooperation from the lender as a result of our LOI to you showing we plan on paying them off through your commercial mortgage refinancing.
  13. Do your Quick Bridge Funding loans include real estate development financing loans? Yes, for projects that make sense.

We also do resort financing loans that are a fit, although we don’t do golf course loans except for golf courses already built as a part of a good resort development.