Hard Money
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate.
| Non-conforming asset based loan |
| Rates start at 9.99% |
| Term 12 – 36 months (Usually with 6 – month Interest Guarantee) |
| History of low credit, short sales or foreclosures, foreclosure bailouts, etc. |
| Max LTV 60% |
Property types include: Mixed-Use, Multi-Family, Office, Retail, Warehouse, Lt. Industrial, Self-Storage, Automotive, Restaurant/Bar, and more.
Needed For Submission
| 1. Executive Summary |
| 2. A Complete 1003 and Personal Financial Statement for all Borrowers |
| 3. Current Trimerge Credit Report (within 30 days) |
| 4. Color Pictures of Subject Property |
| 5. Rent Roll |
| 6. Operating Statement (investment properties only) |
| 7. 2 Years Tax Returns Personal and Business (if applicable) |
Don't hesitate to contact us!
Simply put...Commercial Loan Center is "the source" for all your financing needs!
Call (610) 990-6050 to get started or Email us at info@clcllc.net