ONE HAPPY CLIENT SAYS:

Submitted by tdw on Wed, 12/11/2013 - 11:30

“Business Loan Store saved my financial life in this last recession.”
~Victoria Law, A Street Arts Building

503-376-7303

“Business Loan Store saved my financial life in this last recession.”
~Victoria Law, A Street Arts Building

Commercial Loan Blog

Hard Money Lenders

Hard money lenders make temporary loans, or bridge loans, with high interest rates and loan origination points. Most hard money lenders charge interest rates averaging 10.00% to 14.00%.

At Apartment Loan Store, we offer hard money bridge loans starting at 6.00%.

Hard Money Defined

First, you need to know what bridge and hard money apartment financing is used for. Here are some reasons people get bridge and hard money apartment financing:

1. A property doesn’t cash flow enough to qualify for a loan because the occupancy is too low. Read more...

About Commercial Lenders

A commercial lender makes loans to commercial real estate investors or to a business, but not to an individual. Loans made to individuals are called consumer loans. Real estate loans made to individuals for one to four residential units are consumer loans called residential loans.

Commercial lenders usually make loans on properties with five units or more. In most cases, commercial lenders make loans to properties that are zoned commercial.

Are Bridge Apartment Loans Expensive?

It's a very good and important question. Because if you do not have strong knowledge and strong experience getting a bridge loan, you could lose a lot of money, lose a lot of time, and gain extreme stress.

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