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Casual Articles - Commercial Hard Money Loan Scenarios
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For each of the three scenarios described above, a commercial hard money loan will involve shorter-term financing, higher fees and higher interest rates than a commercial loan from a traditional bank or an intermediate lender. However, the critical point which must not be overlooked is that for most situations covered by the three scenarios, commercial financing would be declined by either traditional banks or intermediate lenders. It is under these circumstances that a commercial hard m
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There are three financing options for most commercial real estate scenarios: traditional banks, intermediate lenders and hard money lenders. The primary rationale for a small business considering a commercial hard money loan is that traditional or intermediate commercial financing options are not viable.
In those situations where traditional banks and intermediate lenders both say "NO", it then makes good business sense to explore under what terms a hard money commercial loan might be available. Many viable small business projects can be funded ONLY via a hard money lender. Before accepting "NO" from the traditional banks and intermediate lenders as the "FINAL ANSWER", a prudent small business borrower should determine if a hard money lender will say "YES".
Commercial hard money loans are typically completed more quickly than a traditional commercial loan. Compared to traditional bank business loans, commercial hard money loans will generally involve a higher interest rate (prevailing range of prime rate plus 4-8% for typical scenarios), higher fees and shorter-term financing (one to three years). However, because many hard money loans offer interest only terms, the payments can be lower than a fully-amortized loan with a lower interest rate.
Three common commercial financing scenarios using hard money loans are described below.
COMMERCIAL HARD MONEY LOAN SCENARIO # 1: Low Credit Scores
Most traditional commercial loans have very strict standards for acceptable credit scores by the guarantors for a commercial real estate loan. Hard money loans are much more flexible and low credit scores are acceptable.
COMMERCIAL HARD MONEY LOAN SCENARIO # 2: Need to Obtain Commercial Financing Quickly
Traditional commercial loans will normally require several months to complete. Hard money loans can be obtained within a few days in some situations. This difference will be critical if commercial financing is required within a short time frame.
COMMERCIAL HARD MONEY LOAN SCENARIO # 3: Special Small Business Situations Not Easily Understood by Traditional Banks and Intermediate Lenders
- Foreclosure
- Bankruptcy
- Special Purpose Properties
- Tax Liens
- Losses
- Negative Net Worth
- Less than one year in business
- Environmental Requirements
For each of the three scenarios described above, a commercial hard money loan will involve shorter-term financing, higher fees and higher interest rates than a commercial loan from a traditional bank or an intermediate lender. However, the critical point which must not be overlooked is that for most situations covered by the three scenarios, commercial financing would be declined by either traditional banks or intermediate lenders. It is under these circumstances that a commercial hard mo
By using drop-shipping firms to handle your orders, you could route all your ecommerce site's orders to wholesalers, and they will drop shipped your order directly to customers. And you as the online retailer can eliminate the expense of carrying inventory and the risk of being stuck with the goods if these goods didn't sell.Before you get started, consider these seven steps involved in starting a drop-ship e-business:uations where traditional banks and intermediate lenders both say "NO", it then makes good business sense to explore under what terms a hard money commercial loan might be available. Many viable small business projects can be funded ONLY via a hard money lender. Before accepting "NO" from the traditional banks and intermediate lenders as the "FINAL ANSWER", a prudent small business borrower should determine if a hard money lender will say "YES".
Commercial hard money loans are typically completed more quickly than a traditional commercial loan. Compared to traditional bank business loans, commercial hard money loans will generally involve a higher interest rate (prevailing range of prime rate plus 4-8% for typical scenarios), higher fees and shorter-term financing (one to three years). However, because many hard money loans offer interest only terms, the payments can be lower than a fully-amortized loan with a lower interest rate.
Three common commercial financing scenarios using hard money loans are described below.
COMMERCIAL HARD MONEY LOAN SCENARIO # 1: Low Credit Scores
Most traditional commercial loans have very strict standards for acceptable credit scores by the guarantors for a commercial real estate loan. Hard money loans are much more flexible and low credit scores are acceptable.
COMMERCIAL HARD MONEY LOAN SCENARIO # 2: Need to Obtain Commercial Financing Quickly
Traditional commercial loans will normally require several months to complete. Hard money loans can be obtained within a few days in some situations. This difference will be critical if commercial financing is required within a short time frame.
COMMERCIAL HARD MONEY LOAN SCENARIO # 3: Special Small Business Situations Not Easily Understood by Traditional Banks and Intermediate Lenders
- Foreclosure
- Bankruptcy
- Special Purpose Properties
- Tax Liens
- Losses
- Negative Net Worth
- Less than one year in business
- Environmental Requirements
For each of the three scenarios described above, a commercial hard money loan will involve shorter-term financing, higher fees and higher interest rates than a commercial loan from a traditional bank or an intermediate lender. However, the critical point which must not be overlooked is that for most situations covered by the three scenarios, commercial financing would be declined by either traditional banks or intermediate lenders. It is under these circumstances that a commercial hard m
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Three common commercial financing scenarios using hard money loans are described below.
COMMERCIAL HARD MONEY LOAN SCENARIO # 1: Low Credit Scores
Most traditional commercial loans have very strict standards for acceptable credit scores by the guarantors for a commercial real estate loan. Hard money loans are much more flexible and low credit scores are acceptable.
COMMERCIAL HARD MONEY LOAN SCENARIO # 2: Need to Obtain Commercial Financing Quickly
Traditional commercial loans will normally require several months to complete. Hard money loans can be obtained within a few days in some situations. This difference will be critical if commercial financing is required within a short time frame.
COMMERCIAL HARD MONEY LOAN SCENARIO # 3: Special Small Business Situations Not Easily Understood by Traditional Banks and Intermediate Lenders
- Foreclosure
- Bankruptcy
- Special Purpose Properties
- Tax Liens
- Losses
- Negative Net Worth
- Less than one year in business
- Environmental Requirements
For each of the three scenarios described above, a commercial hard money loan will involve shorter-term financing, higher fees and higher interest rates than a commercial loan from a traditional bank or an intermediate lender. However, the critical point which must not be overlooked is that for most situations covered by the three scenarios, commercial financing would be declined by either traditional banks or intermediate lenders. It is under these circumstances that a commercial hard m
In a lot of online conversations and discussions that were visibly posted and seen, achieving an optimized engine search in relation to generating and building traffic has always been a hot and debatable topic of discussion. While a lot has been said and mentioned about how to achieve and obtain traffic and build an optimized engine search, the following items listed below may be found a little deviant f the common standards an
COMMERCIAL HARD MONEY LOAN SCENARIO # 2: Need to Obtain Commercial Financing Quickly
Traditional commercial loans will normally require several months to complete. Hard money loans can be obtained within a few days in some situations. This difference will be critical if commercial financing is required within a short time frame.
COMMERCIAL HARD MONEY LOAN SCENARIO # 3: Special Small Business Situations Not Easily Understood by Traditional Banks and Intermediate Lenders
- Foreclosure
- Bankruptcy
- Special Purpose Properties
- Tax Liens
- Losses
- Negative Net Worth
- Less than one year in business
- Environmental Requirements
For each of the three scenarios described above, a commercial hard money loan will involve shorter-term financing, higher fees and higher interest rates than a commercial loan from a traditional bank or an intermediate lender. However, the critical point which must not be overlooked is that for most situations covered by the three scenarios, commercial financing would be declined by either traditional banks or intermediate lenders. It is under these circumstances that a commercial hard m
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For each of the three scenarios described above, a commercial hard money loan will involve shorter-term financing, higher fees and higher interest rates than a commercial loan from a traditional bank or an intermediate lender. However, the critical point which must not be overlooked is that for most situations covered by the three scenarios, commercial financing would be declined by either traditional banks or intermediate lenders. It is under these circumstances that a commercial hard money loan becomes a practical and viable solution for many small business owners.
Copyright 2005-2006 AEX Commercial Financing Group, LLC. All Rights Reserved.
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