Commercial Hard Money Loans

Equity Development offers Commercial Hard Money Loans. These Commercial Hard Money Loans are available in California and various other  states.

If you own a commercial property, but either your company is losing money or your credit is poor, you can still easily obtain a commercial loan from a hard money lender. Hard money lenders make the riskier commercial loans, the deals the banks won’t touch. As a result, hard money commercial loans are more expensive than bank loans. Hard money commercial lenders look primarily to the property as their source of repayment. If the borrower doesn’t make his payments, the hard money lender will simply foreclose and sell the collateral; but no one really wants to own your commercial property. Other hard money commercial lenders specialize in value-added deals. A value-added deal is where the developer buys an existing property and improves it with the proceeds of the loan. A developer might buy raw land and get the property up-zoned. He might buy an empty retail center, upgrade it, find tenants and install the new tenant improvements. Bridge loans are perfect for this situation because bridge loans rarely have prepayment penalties or lock-out clauses. When the developer is finished with his improvements, he can then either sell the property or refinance it to pull out his profit.

To find out more see our “Hot Loan Products” for rates and guidelines.