Commercial Hard Money Lenders California

North Coast Financial are California commercial hard money lenders offering commercial hard money loans on various property types including retail, industrial, office buildings, healthcare, hotels, multifamily and special purpose properties. Commercial bridge loans are available for property owners who need quick financing against their commercial real estate.

Commercial Hard Money Loans – Fast and Flexible Solutions

Commercial hard money loans are the fast and flexible alternative to slow and restrictive commercial loans through traditional lenders like banks. Hard money commercial loans can be funded in a matter of weeks while commercial bank loans can take many months. Borrowers may obtain hard money business loans for various purposes including property acquisition, renovations, bridge financing or funding existing business operations. North Coast Financial is also able to provide 2nd position commercial loans in situations where the property owner has sufficient equity in their real estate. Often times the property owner has a low interest 1st they wish to keep in place but have a short-term need to borrow funds. Contact North Coast Financial now and have your commercial hard money loan funded fast.

Hard money commercial loans are an alternative when conventional bank loans are not an option for the borrower due to the need for faster funding or when a conventional lender has rejected the borrower’s loan request.

Commercial bank loans often take 2-3 months and longer to fund commercial loans, while hard money commercial loans can take 7-10 days.

Banks may reject a borrower’s request for various reasons including low credit scores, insufficient income or an inability to provide documentation such as tax returns or other financial statements. Commercial hard money lenders focus primarily on the value of the commercial property being used as collateral for the loan and are able to overlook many issues if the borrower has sufficient equity in the property.

Other reasons a bank may deny a borrower’s commercial loan request include liens or judgements existing on the property, borrower is attempting to restructure their existing loan and avoid foreclosure, the borrower is a foreign national, or if the loan request requires some creativity that stringent bank policies are not able to accommodate.