EXISTING PROPERTY LENDING (VARIOUS TYPES)
GET THE STORY
We prov
(owner occupied and income producing)
Existing Commercial Property
(owner occupied and income producing)
Borrowers interested in purchasing commercial, industrial, or investment residential real estate property may find that credit scores, legal obstacles or conditions related to the property itself (such as incomplete buildings, damage, etc.) may prevent standard funding from banks.
In such cases, hard money loans offer a perfect short-term solution. Hard money finding provides time to cure whatever situations exist so that the property can be sold or conventional permanent funding can be obtained.
r refinance are often needed where quick, non bank conforming funding can help to make a deal work.
income producing property bridge loans (lowest priced, full doc bridge funding)
income property underwriting: short term loan 12 months w/12 month extension; rates 9.5 fixed; charges s; property must be income producing; prop types- multifam, office, medical, hotel/motel, warehouse, commercial mixed used. No non-income producing property for this bank rate program