Finding the right lender for a fast and seamless commercial closing could be a daunting task. Integra Real Estate Capital provides its clients access to commercial hard money loans through a wide range of financing vehicles. Our job is to provide tailored solutions for every circumstance in commercial real estate arena. We maintain relationships with hard money lenders that are active and well-capitalized to execute on “special situation” scenarios.
Hard money loans are generally viewed as “last resort” loans for investors who are under immense pressure to close a loan in a very short time frame or borrowers with credit issues who cannot obtain a convention bank loan.
These loans are short-term bridge loans that are backed by the value of the property, as hard money lenders cannot lean on the credit worthiness of the borrower as much. It is very typical for a hard money loan to carry an interest-only period for a term of 12-18 months. These kind of loans feature higher interest rates than what you would normally see from the conventional lending community because of the associated risk. Loan-to-value (LTV) thresholds vary by lender, market and property comparables.
Commercial Hard Money Loans
Hard money loans are frequently used for turnaround situations by borrowers that have substantial equity committed in a property and look to stave off foreclosure. We facilitate loan guidelines that offer creative options such as cross collateralization of assets, second mortgage positions, equity participation and the use of non-tangible assets as additional collateral. We cover every asset type and close on transactions in every state. For more information, please speak to one of our professionals.
Integra Real Estate Capital offers a full gamut of financing options for stabilized and transitional properties nationwide. Our team of professionals will help you realize the full potential of your real estate portfolio and maximize its financial performance. We are committed to every debt & equity transaction, particularly where timing, structure and certainty of execution are of the utmost importance. CONTACT US FOR MORE INFORMATION: (212) 353-2800
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