Commercial Hard Money
Commercial hard money loans are loan scenarios that do not meet the underwriting
guidelines of a conventional lending institution. The loan to value ratios can vary depending on the
asset type. Hard money commercial loans generally fall into a category of 65% LTV.
In addition to the traditional commercial asset, hard money can be used for specialty type financing
such as church financing, strip malls, mini storage, commercial buildings and non owner occupied multi
family units.
Commercial hard money financing is also very popular for gap loans and bridge financing on real estate
projects that have not secured long term financing. Terms will vary between lenders. Some hard money
lenders specialize in 90 day to 6 month terms with origination points varying from 2 points 10 points.
However, there are many lenders in today's market that want the long term dividend yield associated
with a hard money loan and offer 3 to 5 year terms with the ability to extend the loan.
Pitbull Mortgage School offers national seminars on
commercial hard money and
residential hard money.
Pitbull Mortgage School provides commercial hard money training
to mortgage brokers and hard money lenders nationwide.
