Private Money and Hard Money Commercial Loans
(805)832-0572
 |
PrivateMoneyBankers.com is a DIRECT PRIVATE MONEY LENDER funding private money real estate loans across the United States. Our commercial loans start at 8.9% and are funded with a minimum of paperwork and conditions. If your commercial loan was declined by a bank, then a private or hard money commercial loan may be best, and perhaps only option.
Hard money lenders make the riskier commercial loans the banks wont fund. As a result, hard money commercial loans are an excellent way to sercure financing on a commercial property not fundable by a commercial lender.
Hard money commercial lenders look primarily to the property as the source of repayment. Banks typically look at the borrower and the property. What this means, is that a hard money commercial loan is made based upon the equity in the property. If the borrower does not make the mortgage payments, the hard money lender will simply foreclose and sell the collateral; but no one really wants to own your commercial property.
My name is Donald Timms, and I have help fund many millions of dollars of commercial loans over the years. I will help fund hard money commercial loans as small as $50,000, or as large as $150 million. We fund commercial loans adross the United States except Vermont and Michigan. If you need to contact me about a commercial loan right now, CLICK HERE to contact me right away.
The typical hard money commercial loan is a short term loan. One year hard money loans are common, but you should be able to negotiate a loan term of at least three years in today's market. Speaking of markets, as the credit markets have tightened, hard money commercial loans are becoming more and more popular. Loans that could of funded via a conventiaonl commercial loan 1 year ago, now required a hard money commercial loan.
Securing a hard or private money commercial loan can be very quick. I have funded private money commercial loans in as little as 10 business days. This is much quicker than funding a conventional commercial mortgage.
The bottom line is that a private or hard money loan can be a great way to fund your loan. I will be able to quickly take a look at your loan scenario, and let you know if you are a candidate for a hard money loan. Feel free to contact me anytime to discuss your loan scenario.
Private money loans available For:
|
Hard Money Loans are Available for the Following:
|
|
Commercial | Residential
| Raw Land | About Us
| Contact
Private Money Bankers
Donald G. Timms
Phone:805-832-0572 | Email: donaldtimms@gmail.com
Copyright ©
Private Money Bankers. All Rights Reserved.