Spartan Commercial Mortgage offers Connecticut Alternative Financing and Hard Money Solutions. Alternative Financing loans are a type of asset-based financing through which a borrower receives funds secured by an investment property. Generally these loans are at a higher interest rate than conventional financing. These loans can be interest-only as well as fully amortized. Borrowers requiring this type of financing are often looking to close quickly. Another reason for utilizing this type of loan is that it is non-bankable or like now during the pandemic there are limited financing choices available.
There are some other differences between hard money and commercial mortgage loans. Most noteworthy about Hard Money Commercial loans is that they usually require less documentation. These types of loans are meant to close quickly and the paperwork required to do so is minimal
Spartan Commercial Mortgage Services offer several alternative financing solutions to their borrowers on Investment Properties. Loan to Value will depend on the equity and condition of the real estate as well as credit history. Although, we do have some programs that take a limited review of your credit score as well as your financials.
Click here to begin the online pre-approval or feel free to contact us today on the number below. We are more than happy to come out in meet you in person or begin the process over the phone. We look forward to working with you. Furthermore, we will work with you every step of the way to get your loan closed.
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572