Commercial Real Estate Loans » bad credit loans http://cmacapitalfunding.com Commercial Real Estate Loans, Lender and Apartment Lender Tue, 27 Apr 2010 18:23:45 +0000 en hourly 1 Money makes the world go round No No Commercial Hard Money Loan http://cmacapitalfunding.com/commercial-hard-money-loan/ http://cmacapitalfunding.com/commercial-hard-money-loan/#comments Mon, 08 Mar 2010 19:58:43 +0000 VK http://cmacapitalfunding.com/?p=416 Hard money loans are available to investors that are FICO challenged. If you have a Loan-To-Value (LTV) in your commercial property of 50-60% equity and low FICO scores you are a prime candidate for obtaining a hard money loan. These loans are generally one to three year terms and in some cases up to 20 years with interest rates in the neighborhood of 9-12% and 3-5 points.

Qualifying for a hard money loan is not as difficult as you may think. Co-signers are not always required to be on title, no seasoning of credit trade lines are necessarily required, cross-collaterlization is permitted, foreign nationals are okay and if you are unable to fully document your personal income is not a deal killer. However, if your investment is an owner occupied structure you must be able to show the ability to repay the loan.

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