Commercial Hard Money Lenders & Loans 2017-06-14T16:54:50+00:00

Commercial Hard Money Lenders

Commercial Hard Money Loans

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Commercial Hard Money Lenders & Loans

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 Hard Money Loans – Fast and Flexible Solutions

Commercial hard money loans are the fast and flexible alternative to slow and restrictive commercial loans through a traditional lender like a bank. Hard money commercial loans can be funded in a matter of weeks while commercial bank loans can take many months.  Contact North Coast Financial now and get your commercial hard money loan funded fast.

Why Choose North Coast Financial?

Commercial Hard Money Loans – Hard Money Commercial Loans

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 3-4 months and longer to fund commercial loans, while hard money commercial loans can take only weeks.

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.

Commercial hard money loans are also referred to as “no-doc loans”, private money loans or commercial bridge loans.

Commercial Hard Money Real Estate Property Types

Strip center, community retail center, shopping malls
Flex warehouse, light assembly, heavy manufacturing, bulk warehouse, distribution centers
Class A, Class B, Class C
Medical office condos, hospitals, nursing homes, senior retirement communities
Full service hotels, limited service hotels, extended stay hotels, motels
Highrise apartments, midrise apartments, garden apartments
Restaurants, cafes, car washes, self-storage, theatres, community centers, churches
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North Coast Financial Commercial Hard Money Loan Programs

  • Commercial Hard Money Loan Program

Loan Application Approval TimelineSame day approval available
Time to Fund LoanAs few as 1-2 weeks
Property TypesRetail, industrial, office buildings, healthcare, hotels, multifamily, special purpose
Loan Amounts$30,000 – $5 Million+
Loan Terms1 to 5 Years
Lien Position1sts, 2nds
Loan to Value (LTV)Up to 60% of current value of property
FeesNo appraisal fees (in most situations) and no hidden junk fees
Commercial Loan Rates and PointsPlease contact us for information on current rates and points
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