List Of The #1 Commercial Hard Money Loan Programs

koH Resources Inc is a Direct Lender of Small Commercial Hard Money offering quick funding in loan amounts of $50k-$250k. Below is a list of the #1 Commercial Hard Money loan programs.

Bridge

A bridge loan is a short-term loan which bridges the Borrowers plan from one point to another. The bridge loan is useful when a Borrower only needs financing for a short time frame where a long-term fixed rate loan does not make sense. A hard money bridge loan can be used by a real estate developer, or other business entity to take advantage of commercial opportunities that don’t fit into the traditional bank standards. Typical maximum loan-to-value allowed on subject properties is 75%. Additionally, Borrowers are required to have a minimum of 10% cash or equity invested in a project when applying.

Mezzanine

A mezzanine loan can be a type of bridge loan in the sense that it is short-term and not permanent financing. However a mezzanine loan is not secured by property, it is secured by an ownership interest in the company that owns the property. This occurs when the Borrower needs more money than he is able to borrow against the property, so he puts up an interest in his company as collateral. 

Construction End

If a developer has a construction project that is at least 75% completed, they can obtain a hard money loan to pay off the construction lender and complete the project. A hard money loan can also be used to bridge the gap between a completed project and standard financing from a bank or traditional lender. With an End of Construction Pay Off Loan, a developer can use the collateral of the current project to raise capital for the next project.

Foreclosure Bailouts or Foreclosure Prevention

A hard money loan can be used to prevent foreclosure on a commercial property. A pending foreclosure can be stopped, if the property is collateral for up to 65% of its loan to value, based on the quick sale value.
 

Purchases or Acquisitions

A hard money loan can be used to purchase real estate if a borrower does not meet conventional bank standards or does not have time to wait for a traditional banks typically slow lending process. Hard money allows for things that banks never allow: low or no credit scores, incomplete construction, property in need of repairs, etc. Hard money funding can be used to quickly work around these financing problems and provides the opportunity for a savvy investor to acquire new properties. 
 

Refinances

Cash out refinances allow you to extract equity from real estate you already own. It can be a quick way of generating additional working capital to be utilized as you see fit.. Once all required paperwork has been submitted to our office, your hard money loan will fund as quickly as one week.
 

Rehab

A commercial rehab investor can use a hard money loan for short term financing. Once a property has been renovated and sold for a profit, the funds are repaid and the borrower can often be allowed to use the funds again on the next project. The average closing time for an approved loan is just two weeks, the appraisal process being the most time-consuming!

 

Foreign National

This kind of hard money loan is for foreign investors who want to purchase commercial real estate in the United States. All sorts of property can be considered for hard money funding, including; commercial, industrial, residential, hospitality, rehabs, etc. Few restrictions exist except for borrowers from Afghanistan, Venezuela, Iraq, etc. Whether you are a broker or borrower, if you require quick funding for your commercial small balance transaction, please click here.