Hard Money Solutions
Hard money loans are a type of asset-based financing through which a borrower receives funds secured by a commercial property, generally at a higher interest rate. These loans are typically interest-only products and tend to be short-term solutions.
Borrowers requiring a hard money loan often have experienced a distressed financial situation, such as a bankruptcy or foreclosure, which has damaged their credit. Interest rates are usually at least 10 percent and can often be higher.
Spartan Commercial Mortgage Services offer several hard money 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.
Call us today for a free consultation at 860-876-0572 or email us at info@spartancommercialmortgage.com
