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A commercial hard money loan is short-term private financing secured by commercial real estate. Investors use it to buy, refinance or reposition properties such as mixed-use buildings, retail centers and self-storage when a bank can’t move fast enough. HardMoney Company lends on business-purpose deals only.
Commercial Hard Money Loans at a Glance
| Topic | Answer |
|---|---|
| Best for | Buying, refinancing or repositioning commercial property |
| Property types | Mixed-use, retail, office, self-storage, multi-family and other commercial real estate |
| Loan amount | $150k minimum, no maximum |
| Term | 6–18 months |
| Loan-to-value | Up to 80% |
| Time to close | As little as 7 days |
| Borrowers | Investors and business entities |
The HardMoney Company is your trusted private lender that specializes in providing residential and commercial hard money loans. We specialize in providing private funding for real estate investment projects. These projects can range from residential home fix and flip projects to a larger commercial project in your area. If you are looking to secure a hard money loan then click the apply now button below or give us a call today!
What Is A Commercial Hard Money Loan?
A commercial hard money loan is a specific type of loan that utilizes capital from our private lenders to borrowers who need it for their commercial project. For example, borrowers may need a commercial loan to rehab a pre-existing commercial property prior to refinancing to a traditional property mortgage. Our commercial hard money loan deals will provide you the ability to invest in a project without having to go through a traditional bank loan, which tends to be more difficult for individuals who have not previously owned commercial property. Private Capital makes the process more efficient and faster.
Fast Commercial Hard Money Lenders
Our commercial hard money loans are used to purchase or refinance commercial properties such as mixed-use buildings, retail centers, self-storage facilities, shopping complexes, student housing, mobile home parks, industrial properties, condominium complexes, and restaurants.
As a direct hard money loan provider, we help borrowers get the capital they need for their commercial project in a quick and efficient manner. We are not a “matrix lender” or a broker and can work with a wide variety of clients in different situations. We hold and service our loans and because we are a private lender and not a bank, we can close without upfront fees on both residential, investment and commercial properties. We are not bound by the stringent regulatory constraints of traditional bank lenders and can analyze a transaction to close loans that make sense for you.
Typical commercial hard money loans have loan terms between 1-3 years and range from $100,000 to $5,000,000.
Free Loan-Application Process
What Are The Benefits of Using Commercial Hard Money Lenders?
Short-term commercial loans are a great option for large and small commercial projects. When a borrower seeks a commercial loan from a bank, it typically takes several weeks for the loan to go through and they usually have high rates. A hard money commercial loan provides the borrower with a much quicker turnaround time—the average closing time is 5-10 days with zero upfront fees.
Since we work with private commercial real estate lenders,our loans come from a private lender, we offer flexible terms that work better for your project compared to what you would typically receive from a bank.
What Are Our Hard Money Commercial Loan Requirements?
The requirements for hard money commercial loans can vary depending on the type of project and the experience of the client. Typically, hard money loan requirements are less strenuous compared to traditional banking loans. Hard money loans come from private commercial real estate lenders that have more flexibility in structuring your financing arrangement. If you are interested in learning more about hard loans or our hard money commercial loan requirements then reach out to our experienced associates.
When Is a Commercial Hard Money Loan Appropriate?
There are certain situations where getting commercial hard money loans is the best option for some applicants. Read more below.
- The applicant needs a loan as soon as possible and can’t wait the time required to apply for a traditional loan
- The applicant needs a bridge loan, or funds that effectively bridge the gap between transactions
- The applicant has bad or impaired credit history
- The applicant can’t or doesn’t qualify for a traditional loan and needs a creative solution that doesn’t fit with traditional lenders
- The applicant needs working business capital
- The applicant wants to get a loan without submitting as much paperwork as is required by a traditional loan
- The applicant is of foreign nationality and may not possess substantial credit depth
- The applicant needs a complex loan with multiple pieces of collateral
- Speed of funding is essential
- The applicant’s desired transaction falls out of traditional lending parameters
- The applicant has ample equity, but their property has liens, judgments, unpaid bills, etc. that cash is needed to resolve
- The applicant’s property is occupied by their business, and their financials don’t tell the full story
- The applicant is trying to avoid foreclosure and restructure their debt or reposition the property
- The applicant needs a creative solution to a loan that doesn’t fit other lenders
Hard Money Loans For Bad Credit
One of the most common questions about commercial hard money loans is if you are eligible to receive them if you have bad credit. It is possible to receive commercial hard money loans if you have bad credit but it depends on the type of project, the value of the loan, and the experience of the client. Our team of commercial hard money lenders is open to providing loans to those with a bad credit score, so reach out to our experts if you would like more information on our credit requirements.
We accept applications from individuals with a bad credit score as well as:
- Bankruptcy
- Tax Liens
- Child Support Liens
- Divorces
- Prior Evictions
- Foreclosures
What Paperwork Do I Need to Prepare to Qualify?
Depending on the state, paperwork requirements could vary. This list can include:
- Loan Application
- Steps to Pre-Qualify
- Personal Financial Statement
Other Types of Loans We Offer
Our team provides a variety of different loan types to help you succeed with your project. We offer the following loan types as well other options:
Helpful Resources for Commercial Investors
See real loans we have funded on our Recent Deals page, or read what borrowers say in our client testimonials. Want to run the numbers first? Try our hard money loan calculator. You can also see where we lend.
Related reading:
Commercial Hard Money Loans FAQs
What is a commercial hard money loan?
A commercial hard money loan is short-term private financing secured by commercial real estate. Investors use these loans to purchase, refinance or reposition properties when speed or flexibility matters more than the lowest bank rate. HardMoney Company’s commercial loans start at $150,000, typically run 6 to 18 months, and are business-purpose only.
What types of commercial properties do you finance?
HardMoney Company finances a range of commercial real estate, including mixed-use buildings, retail centers, office properties, self-storage facilities and multi-family apartment buildings. Loans are made to investors and business entities for business purposes, and each deal is evaluated mainly on the property and the strength of the transaction.
Can I use a commercial hard money loan to refinance?
Yes. Commercial hard money loans can be used to refinance an existing commercial property as well as to buy one. Investors often refinance into a short-term hard money loan to pay off a maturing loan, fund improvements, or stabilize a property before moving to long-term financing. The final terms depend on the property and the overall deal.
How is a commercial hard money loan different from a bank commercial loan?
Bank commercial loans usually involve longer terms and lower rates, but also extensive underwriting, strict borrower requirements and longer closing timelines. A commercial hard money loan is short-term, focuses mainly on the property and the deal, and can close much faster. That makes it useful for time-sensitive purchases or properties a bank won’t finance yet.
How much can I borrow on a commercial property?
HardMoney Company lends up to 80% loan-to-value (LTV) on commercial properties, so the loan can cover up to 80% of the property’s value, with the borrower covering the rest through cash or equity. Loan amounts start at $150,000 with no stated maximum. The final amount depends on the property and the overall strength of the transaction.
How fast can a commercial hard money loan close?
HardMoney Company can close commercial hard money loans in as little as 7 days. Commercial bank loans often take much longer because of extensive underwriting. Actual timing depends on title work, the property valuation and how quickly the borrower provides documents.
Executive Service from the Owner
At HardMoney Company, all clients will deal directly with our business owner and partner, Gus Goldsmith. Your hard money loan needs are our top priority!
As always, our friendly and professional staff can answer any questions or comments about our loans. Interested in a hard money loan for your business?
Call today!