Hard money is ideal for those commercial real estate investors who see the value of their property as being used as “Collateral” and do not rely on the borrower’s creditworthiness.
Why you should consider a Hard Money Loan:
1. Quick Funding – Hard Money loans can be approved and funded more quickly than traditional loans, which is important to commercial real estate investors who need to secure property quickly.
2. Flexible Terms – In terms of payment terms and collateral requirements Hard Money loans are more flexible since they are funded by private investors.
3. No credit requirements – Hard money lenders are more concerned with the value of the property for collateral than credit scores. So, credit scores are their least concern for approval.
4. Less Paperwork – Hard Money lenders require less paperwork and documentation than traditional lenders, so the application process can be approved quickly.
A Hard Money loan can be useful if you are planning to finance commercial real estate that needs to be done in a short period of time.
Also, Hard Money loans are useful if you need financing through a quick approval and more convenient process especially if you need to fund a project quickly.
That’s why it’s important to discuss it with a private lender that specializes in commercial real estate and help you out with a faster closing time frame.
Century Capital and Hard Money Mobile is a private lender Company that specializes in commercial real estate loans. We are a leading private company that provides commercial real estate loans which can typically be done in two weeks, and a funding commitment issued in 48 hours. You can always reach us at 201-880-7850 ext 102 and send us an email at info@centurycapitalfinance.com / victor@centurycapitalfinance.com
