December 19, 2023

There is a type of commercial loan that allows you to finance your real estate project even if you have a low credit score and that type of loan is a Hard Money Loan, a short-term loan wherein a commercial property is used as collateral.

Investors rely on Hard Money Loan to acquire a commercial property in a short period of time.

Typically, Hard Money Loans do not require any credit minimum because they evaluate the value of the commercial property.

The process of Hard Money for bad credit is similar process like any Hard Money loan. Hard Money lenders evaluate the value of the property, and the loan amount will be based on the percentage value of the property.

It typically ranges from 50 to 70% of the property value.

Hard Money Loans are short-term loans that typically have higher interest rates, if the borrower is unable to pay the loan, the lender may foreclose the property.

It’s important to discuss it clearly with your Hard Money lender your expectations and know all the possible risks involved.

Overall, it’s essential to consider your financial situation and the ability to repay the loan, especially if you have a bad credit history. That’s why it’s best to consult with your commercial property lender to evaluate and make the paying terms more flexible.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate of as long as 2 weeks, you can get your funds in just 48 hours!

Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Partners LLC Reach Victor Cohen at 201-880-7850 ext 102 or send an email at victor@centurycapitalfinance.com

Commercial Lending will likely have several effects if the distress in Office occupancy continues, but it can be an opportunity for several commercial property owners. Here are some of the several solutions that we might consider:

1. Office demand will likely decrease due to changing work culture, higher interest rates, and a possible economic turndown. The property will lower its value, which investors can take advantage of and can reposition the property on a more work-friendly basis.

A hard money lender can help you to evaluate the property and secure your finances to make the property more work-friendly to attract tenants.

2. It could also lead to lower income for the landlord if older high-end offices are no longer in demand. Tenants are seeking a more environmentally friendly space with natural light and with amenities.

It’s best to consider discussing it with a commercial lender to obtain your finance to upgrade your property with more amenities like adding a spa, gym, and restaurants.

3. If the office market is distressed due to economic turndown, investors may explore other markets that have less impact with the turndown, and consider repositioning your property based on the market needs. A commercial lender can help you to secure to finance the commercial property and reposition it on the market needs.

4. If the office market is distressed due to technology. Investors may consider investing in properties with high-end technology infrastructure such as advanced security systems, high-speed internet, or other technological amenities to attract tenants.

Co-partnerships with technology companies are also good ideas to offer innovative services.

Overall, Older luxury properties need help to compete with the recent towers in the area. A Hard Money lender specializing in commercial lending with more flexible terms, will allow you to upgrade your property to compete with other towers in your area and attract more tenants.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate of as long as 2 weeks and you can get your funds in just 48 hours! Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Reach Victor Cohen at 201-880-7850 ext 102 or send an email to victor@centurycapitalfinance.com.

1. Short-Term Loans – Bridge Loans and Hard Money Loans are typically used over short periods of time, usually taking a few months to years.

2. Higher Interest Rates – Both of them have higher interest rates compared to traditional loans, due to short-term use and higher risk profile.

3. Secured Loans – Bridge Loans and Hard Money Loans are secured by collateral such as commercial real estate properties.

And here are some of the differences between a Bridge Loan and a Hard Money Loan:

1, Purpose – Hard Money loans are often used by real estate investors who need to acquire commercial real estate quickly for those who are not qualified for traditional loans and it is easier to obtain. In contrast, Bridge loans are often used to fill a gap to finance a long-term project.

2. Lenders – Bridge Loans are often issued by banks or traditional lenders, while Hard Money Loans are usually issued by private lenders.

3. Underwriting – Bridge Loans are often required to go through underwriting and documentation, while Hard Money lenders often check the value of the collateral rather than the borrower’s creditworthiness.

4. Repayment – Hard Money loans required to have a balloon payment at the end of the loan, while Bridge loans have more flexible repayment terms. But some Hard Money lenders also have flexible repayment terms.

Overall, Hard Money loans and Bridge loans can be useful financing tools for certain situations, it’s always important to know the difference between these two and always choose the right tool that’s fit for your needs. That’s why it’s very important to discuss it with a private lender if you plan to acquire a real estate property quickly and discuss the repayment terms.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate of as long as 2 weeks and you can get your funds in just 48 hours! Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Reach Victor Cohen at 201-880-7850 ext 102 or send an email to victor@centurycapitalfinance.com.

Foreclosure bailouts are designed to help commercial property owners experiencing financial difficulties that make it difficult to sustain their mortgage payments.

Foreclosure bailouts can be refinanced with lower interest rates, which allows you to solve the issues and pay them off.

Hard Money Loans are one of the options to obtain finance on a foreclosure bailout where the commercial property is the collateral.

Foreclosure bailouts are intended to help commercial property owners and private lenders avoid the high costs associated with foreclosure processes.

For commercial property owners, it can result from property loss and affect their credit score. For Hard Money Lenders, foreclosure can result in the loss of value of the property.

Overall, a foreclosure bailout can help a lot for commercial property owners in distress to keep their commercial properties, also to avoid damage to their credit scores.

Suppose you want to avoid foreclosure in your commercial properties. In that case, the best option is to consult with a Hard Money Lender that specializes in commercial foreclosure bailouts to help you out on securing your property in this kind of situation.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate of as long as 2 weeks and you can get your funds in just 48 hours!

Century Capital will definitely be here to provide you with the best services.

To know everything about Century Capital Reach Victor Cohen at 201-880-7850 ext 102 or send an email at victor@centurycapitalfinance.com

These types of financing are usually used when a buyer and seller want to have a more creative and flexible way of financing.

Here are the types of creative financing that can be used in commercial real estate transactions:

Owner Financing: It is a type of financing wherein a seller acts as a lender and finances the buyer’s purchase of the property. The buyer has to pay directly to the seller over a period of time, it usually comes with interest.

Lease-to-Own: The buyer leases the property from the seller for over a period of time, at the end of the leasing period there will be an option to purchase a property.

Joint Venture: This type of financing usually involves another investor purchasing a property. Each partner has a fair share of ownership and profits for the commercial property.

Hard Money Loans: These are short-term loans that are usually obtained from a private lender. A commercial real estate property secures Hard Money Loans and it is usually used to purchase a property.

A Hard Money Loan is one of the common types of Creative Financing in Commercial Real Estate transactions when a buyer needs to purchase a property quickly, Hard Money Loan is the best option with a fast approval rate you can obtain the financing quickly.

The advantage of a Hard Money Loan is easier to obtain than traditional banks because lenders focus on evaluating the value of the property rather than the buyer’s credit score or income.

Overall, creative financing is useful for commercial real estate investors and buyers who may not have access to traditional loans and those who want to have a more flexible way of financing. Hard Money Loans are one of the best options if you are planning to purchase a property quickly. It’s important to know that all types of creative financing come with risks. That’s why always choose the best type of financing that works for you.

It’s always best to consult a lender specializing in commercial real estate lending. With the fast closing rate as long as 2 weeks and you can get your funds in just 48 hours! Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Reach Victor Cohen at 201-880-7850 ext 102 or send an email at victor@centurycapitalfinance.com