Private Money Loans
A private money or hard money loan is mainly based on the value of the property as collateral and typically you can get a loan up to 70 percent of the property value. If you are tight on schedule and looking for a quick loan process with minimum paperwork. Private money loans are the way to go (almost same as you are purchasing with cash). They have relatively high interest rates and costly fees compared to conventional loans. Hard money loans do serve a purpose to those who need money fast.
Private Money Loans range from $50,000 to millions of dollars. Terms vary but you can have very short terms up to three years with a variety of upfront costs and an interest rate that is typically higher than subprime rates.
Hard Money Lending Tips
- Look for the best possible interest rates
- Do you research on initial payment terms
If you have a commercial financing need, Our company has a program for you. Whether you desire to purchase, refinance, or construct a commercial building, we are your best source for financing.
Contact our mortgage advisors. We are just a call away, call us at o: 305.396.3900 or click the button below to apply online.
I believed my only choice was to sell off the mixed-use property I inherited at a loss since it required immediate rehabilitation. My fix-and-flip loans from Fast Commercial Capital saved me. In addition to being quick, the fundraising process was simple. My understanding of what I was getting into was fully assured by the team's thorough explanations of all the words. The house needed some work, but I was able to repair it and sell it for a healthy profit. They are really prompt and effective, living up to their reputation!
Ethan Jackson — a month ago
Thank you so much for help, Don and Fast Commercial Capital. You guys were awesome and did exactly what you said you would do. Thanks again!
Theodore Leighton — a month ago
As a small business owner looking to expand, I hit a roadblock with traditional lenders. That's when I stumbled upon Fast Commercial Capital. I needed quick access to working capital for inventory and marketing. Not only did they process my application on process my application on received the funds in less than 72 hours. The team was incredibly responsive and simplified a process that usually gives me a headache. Can't recommend them enough!
Liam Garcia — a month ago
Fast Commercial Capital was a lifesaver for my small business. Don and his team are fantastic. Thanks Team!
Harper Wright — a month ago